German farmers income up sharply: federation

7th December 2010, Comments 0 comments

German farmers' income should soon reach levels last seen in 2007/2008 before the global economic crisis ploughed through the sector, the DBV agricultural federation said Tuesday.

Demand and prices have risen across the board, a federation statement noted.

So far in the current fiscal year to June 2011, "prices have improved markedly in almost all agricultural markets, in particular ... for meat, milk products, fruits and vegetables," an annual report found.

While the cost of animal feed, fertilizers and energy are also higher, farmers should still benefit from higher earnings and find themselves at the level seen three years earlier.

At that time, farm workers earned on average 31,500 euros (42,200 dollars) per year, a level that subsequently fell to 23,700 and 22,000 euros.

Germany is the second biggest agricultural producer in Europe after France.

© 2010 AFP

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