Farmers see income fall - The Best from Greece

Net income from agriculture declined in Greece by 5.3 percent this year compared to 2010, while since 2005 farmers’ total revenues in this country have dropped by 20.9 percent, which constitutes the third-biggest drop in the European Union, according to Eurostat figures.

In the same period, the average revenue growth in the EU came to 6.7 percent on a yearly basis. This growth came from a combination of an increase in revenues by 3.9 percent and a 2.7 percent drop in agricultural sector labor costs. Greece is one of the eight member states where real agricultural revenues declined.

From 2005 to 2011 the real agricultural income per farmer in the European Union grew by a total of 18.3 percent.