Farmers also benefited from the sharp rise in food prices
German farmers have also benefited from the sharp rise in food prices. In the 2022/23 marketing year, which ended in June, the average company profit rose to an all-time high of 115,400 euros per farm, as announced by the German Farmers' Association in Berlin on Thursday. Compared to the previous marketing year, this represents an increase of 45%.
According to the information, agricultural producer prices rose significantly more than the prices for operating resources. Almost all types of farms benefited from this - with the exception of wine and fruit growers. However, the outlook is pessimistic: "We will not be able to maintain the good results," said Farmers' President Joachim Rukwied. With costs remaining high, prices for grain, oilseeds and milk are now falling sharply.
Read also:
- Year of climate records: extreme is the new normal
- Precautionary arrests show Islamist terror threat
- Numerous oil, gas and coal lobbyists at climate conference
- COP28: Emirates announce fund for climate projects
The German Farmers' association attributed the 45% price increase in company profits to the sharp rise in food prices. Despite this, Farmers' President Joachim Rukwied expressed concerns, stating that they may not be able to maintain these good results due to high costs and falling prices for certain foodstuffs like grain, oilseeds, and milk.
Source: www.ntv.de
