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| 15 jul 2014 |
12:32 |
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Commission publishes cereals farm report on developments for 2004-2011
The 2010-11 period was good for cereal producers in the European Union, according to the EU cereal farms report 2013 published by the European Commission. Based on Farm Accountancy Data Network data, the report reviews developments in costs of production, margins and incomes in EU cereal farms between 2004 and 2011, as well as estimates of production costs and gross margins for 2012.
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One of the main observations put forward for 2010-2011 is that while grain prices were very high and yields about average, production costs climbed higher than ever.
The gross margins obtained per hectare of cereals or per tonne of grain were much better than in their low point in 2009, but did not reach the high 2007 level because of the increased production costs.
Gross margins in 2011 were nevertheless 36 % higher than the average for 2004-10. Estimates for 2012 showed a further improvement in the profitability of cereal crops.
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