Still a downturn in Polish agriculture

The third quarter of this year brought an improvement in agriculture compared to the previous quarter, but weaker than expected, according to a survey conducted by the Institute of Economic Development at the Warsaw School of Economics (IRG SGH).

The survey was conducted in July and August on a sample of 2,087 farms.

"Although the value of the IRG SGH's Agricultural Business Index (IRGAGR) rose by 6.8 points during the quarter, to minus 16.9 points, it is lower than a year ago by 18.8 points, which means that the downward trend continues (the y/y decline in the value of the IRGAGR deepens, as it reached 17.8 points in the second quarter)," the release reads.

At the same time, the current value of the index is lower than the multi-year average (by 7.0 points) and lower than the average for the third quarter (by 10.9 points).

The survey shows that the recovery is widespread. It was felt most acutely by farms located in the northern macroregion and engaged in perennial crops. Farmers' sentiment improved slightly and production income increased.

(PAP)