The economic climate index in agriculture fell by 3.9 points in Q4

The general indicator of the economic situation in agriculture decreased by 3.9 points quarterly to -20.8 points in Q4, the Institute of Economic Development of the Warsaw School of Economics reported. The current value of the indicator is 9.1 points lower than a year ago, and 13.3 points lower than the long-term average for the fourth quarter.

Purchases production means, especially fertilizers and plant protection products, decreased, reaching the lowest level in over 20 years. Investments in machinery and equipment also decreased to the lowest level in 20 years.

Farmers expect their financial situation to deteriorate significantly in the next quarter - they anticipate a decrease in production revenues, savings, and an increase in debt. The situation in Polish agriculture, in general, is not much better than in the crisis years 2008-2009, the report says.