Volatility can also be observed from one quarter to another within the same year, as illustrated in the Farm Economics Brief on EU Milk Margin Estimate up to 2013, also published today, which focuses on estimates of the latest trends in gross margins at EU-27 level. How does this translate in terms of income? The report shows that 2010 and 2011 were two positive years for farmers specialized in milk production (after the widely highlighted crisis year in 2009). On average, at EU-27 level, they obtained a higher Farm net value added per annual work unit than in 2007 – the previous high in incomes - thanks to the improvement in gross margins and to a significant increase in milk production. Last but not least, the report shows that in the dairy sector, the gap between EU-15 ("old" Member States) and EU-N10 ("new" Member States) seems to be gradually narrowing, both in terms of gross margins and farmers´ income.
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Source: ag-press.eu
