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Farming income increase in Luxembourg
Luxembourg

Farming income increase in Luxembourg

13.12.2012 From our online archive
Luxembourg farmers saw their income increase rise by around 3.7 percent a Eurostat report has found, despite a difficult agricultural season.

(CS) Luxembourg farmers saw their income increase rise by around 3.7 percent a Eurostat report has found, despite a difficult agricultural season.

Between 2008 and 2009 Luxembourg farmers had seen a steep decline in income, which recovered in 2011 with a 22.4 percent increase. This positive trend in income continues in 2012, even though it has slowed considerably with a 3.7 percent increase.

It is thought that this positive trend was mainly due to an increase in value of goods compensating for an increase in production costs. Market prices for crops and animals continued to rise in 2012. Milk prices, however, declined this year, but to a less significant amount than previous years.

The Agriculture Ministry said the year was difficult with a wet spring and summer, which required increased monitoring of crops for diseases. The grape harvest meanwhile was well below the long-term average, with an average grain and potato harvest. While there was an abundant grasslands harvest, the quality of the yield was low due to adverse weather conditions at the time of harvesting.

Egg production meanwhile saw a positive increase.

Dairy farming remained one of the main pillars of Luxembourg's agricultural landscape in 2012 and it is estimated that the Grand Duchy has again exceeded milk quotas set by the European Union. This was already the case last year when a fine was levied.