Koniunktura w rolnictwie : IV kwartał 2020 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

In the 4thquarter of 2020the agricultural confidence indicator (IRGAGR) decreasedby 1.7pts. The decline is dueto a fall in farmers' confidence, which was one of the largest in the history of the survey. The slump in confidence was in directly effected by the second wave of COVI-19 pandemic, high uncertainty on its further development and the economic outlook in Poland. The decline of IRGAGR was mitigated by an increase in money income of farmers, which was a result of a rise in prices of basic agri-food products, sustained by the demand from households and abroad. Farmers reduced, however, purchases of fertilizers, nutritive fodder and plant protection products, as well as investment in machinery and buildings. They are highly pessimistic about their near future economic prospects. The next quarter isusually a period of seasonal slowdown in agricultural production, so, taking all together into count, no better ment should be expected over the coming months.(original abstract)