Financial Results for Spanish Horticulture Drop

The financial results for the agricultural sector in 2011 in Spain, published by the Ministry of Agriculture, are not encouraging. Agricultural income in general dropped by 4.1 % in real terms.

Input prices have increased substantially in 2011: fertilizers +20.1 %, energy in general +17.7 % and diesel oil +14.3 %. On the other hand, prices of horticultural products and fruits, which in a substantial fraction are obtained in greenhouses, dropped by 14.3 %.

Another recent report of the ministry of agriculture shows that land prices for protected horticultural crops went down by 4.1 % in 2010. This is a result of declining income expectations and lack of alternative usage of the land. According to the report, land prices will show further decreases in 2011.

Source: HortiBiz - Financial Results Spanish Horticulture Dropped

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