Abstract
The medium-term perspectives for the income of the agricultural sector have been compiled on the basis of the medium-term projections for the main agricultural markets and of the economic accounts for agriculture, which constitute the statistical basis of the income measure. The subsidy component of agricultural income has been established on the basis of: the estimated direct payments for the period 2005-2013, the rural development of the European committee, Act of Accession. The agricultural income would grow by 23.2 % between 2005 and 2013 because UE-27 would mask marked differences between EU-15, EU-10 and EU-2. Agricultural income in the EU-10 is steadily rising to exhibit a 37.1 % increase by 2013. The value of cereal production is projected to increase, but remain below the level of 2004. The agricultural labour input in the EU- 10 countries is assumed to fall by 4 % on annual average over the next decade in line with the restructuring of the agricultural sector. This rapid fall in labour force would boost the rise in agricultural income: whereas farm income in real terms would decline marginally by 0.3 % from 2005 to 2013.
Published Version
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