Agriculture had significant year-on-year drop in 2012

Even though agriculture in Slovakia still ended up in the black in 2012, with a recorded profit of €48.7 million before tax, the figure amounts to a year-on-year drop of 33.8 percent compared to 2011’s profits of €73.6 million.

Even though agriculture in Slovakia still ended up in the black in 2012, with a recorded profit of €48.7 million before tax, the figure amounts to a year-on-year drop of 33.8 percent compared to 2011’s profits of €73.6 million.

According to the so-called Green Report drafted by the Agriculture and Rural Development Ministry, 2012 revenues in agriculture decreased year-on-year to €2.099 billion from €2.435 billion in 2011. The sector's expenditures also dropped from €2.361 billion in 2011 to €2.051 billion in 2012, the TASR newswire reported, quoting the report.

“The drop in agricultural profitability can be seen in a significant year-on-year decline of revenues by 23.8 percent, attributable to a decrease in agricultural production due to a rise in costs for crop production, including fruits and vegetables, as well as animal production,” the ministry informed TASR at the end of last week.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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