Agricultural economic barometer presented
DBV: The economic mood in agriculture remains very depressed
There is no sign of an improvement among German farmers either in the current mood or in their assessment of the future. This is the result of the current agricultural economic barometer from December 2003. The agricultural economic barometer newly presented by the German Farmers' Association (DBV) shows a very low value of only 2000 in December 100 in relation to the reference year 2003 (corresponds to 51). In the future, the agricultural economic barometer will provide information in a condensed form on the economic mood in agriculture and will be updated quarterly. It consists of an assessment of the current situation and future expectations of the farmers. Economic situationFarmers rated the current economic situation at 3,50, which is almost unchanged compared to the previous survey of September 2003, which was 3,52 (grading scale from 1= very good to 5= very unfavourable). Farmers in north-west Germany assess their situation less favorably. There are also significant differences between the farm types: 14 percent of farms with a focus on arable farming give a good or very good rating, 9 percent of dairy cattle or cattle farmers and only 4 percent of processing farms. Conversely, 64 percent of the processing companies and 43 percent of the specialized arable farmers, dairy cattle and cattle farmers rate their situation as unfavorable or very unfavorable. The contractors assess their economic situation consistently more favourably.