Koniunktura w rolnictwie : II kwartał 2023 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

The downturn in farming continued in the 2nd quarter of 2023. The agriculture confidence index (IRGAGR) decreased in comparison with the previous quarter by 3.2 pts to -26.3 pts, the lowest figure in the last 14 years. It is now 2.6 pts down from the respective year 2022 figure. The quarterly decline of the indicator was due to a fall in money income and sentiments of farmers. The current very low performance of agriculture is primarily effected by falling prices of farm products and rising production costs, negatively affecting potential possibilities of purchases of current assets and investment financing. Farmers’ expectations remain low. (original abstract)