Economic situation in Polish AG deteriorated again in Q2 ‘24
15:50
In the second quarter of 2024, the economic situation in Polish agriculture deteriorated again, according to a study by the Institute of Economic Development of SGH. There's a lack of optimism in the forecasts of surveyed farms. The overall economic indicator (IRGAGR) decreased by 0.5 points compared to the first quarter of 2024 to -24.5 points. This decline reflects the worsening mood among farmers, with a 7.8-point decrease in the confidence index. Despite a slight improvement in cash income indicators, overall financial situations haven't improved.
Reduced spending on agricultural production, especially on machinery and equipment, indicates financial strain. Agricultural protests across the country contribute to negative sentiments, outweighing cyclical factors that could favorably affect agricultural conditions.
