Koniunktura w rolnictwie

Abstract

In the 2nd quarter of 2020 situation in the Polish agriculture continued to deteriorate. The agricultural confidence indicator (IRGAGR) dropped by 11.6 pts. The decline was larger than recorded in two previous quarters. The smoothed money income indicator, one of the two components of IRGAGR, decreased by 5.7 pts, and the confidence indicator, the second component of IRGAGR, fell by as many as 23.3 pts. Therefore, the deterioration is - to a great extent -a result of the lack of farmers' confidence, most probably effected by the lockdown of the economy that followed the outbreak of the COVID-19 pandemic. In consequence, the magnitude of the slowdown in the agriculture sector hit record high. Farmers expect a slight betterment over the next quarter.(original abstract)