Type of indicator

Sectoral

Indicator C25

Agricultural factor income

Definition

Agricultural factor income measures the remuneration of all factors of production (land, capital, labour) regardless of whether they are owned or borrowed/rented and represents all the value generated by a unit engaged in an agricultural production activity.

It corresponds to the net value added at factor cost.

Value of agricultural production 

- variable input costs (fertilisers, pesticides, feed, etc.) 

- depreciation 

- total taxes (on products and production) 

+ total subsidies (on products and production) 

= agricultural factor income (net value added at factor costs) 

The indicator consists of 2 sub indicators:

1. Agricultural factor income per annual work unit (AWU). An AWU in agriculture corresponds to the work performed by one person who is occupied on an agricultural holding on a full-time basis. For this indicator, total (paid and unpaid) AWU are used.

2. The index of agricultural factor income per AWU is already available in Eurostat's Economic Accounts for Agriculture as Indicator A. This index is particularly suited for showing developments over time. 

 

Unit of measurement

1. EUR (in real terms)/AWU

2. Index 2010 =100

Data source

1. Eurostat, Economic Accounts for Agriculture and Agricultural Labour Input Statistics

2. Eurostat, Economic Accounts for Agriculture 

References/location of the data

Agricultural factor income:

Economic accounts for agriculture - values at real prices (aact_eaa04)

  • Production value at basic price (Chain linked volumes 2010)
  • Factor income: code 26000

Agricultural labour input:

Agricultural Labour Input Statistics: absolute figures (1 000 annual work units) (aact_ali01)

Index of agricultural factor income/AWU (Indicator A): 

Economic accounts for agriculture - agricultural income (indicators A, B, C) (aact_eaa06)  

Data collection level

1. EU, national (NUTS 0) and regional (NUTS 1 and 2) – where data are available

2. EU and national (NUTS 0)

Frequency

Annual

Delay

1 year

Comments/caveats

Agricultural factor income is best suited for evaluating the impact of changes in the level of public support (i.e. direct payments) on the capacity of farmers to reimburse capital, pay for wages and rented land as well as to reward their own production factors. In this context one should note that the proportion of own and external production factors varies in some cases significantly between and within Member States and that the remuneration of own and external production factors is often unequal at farm level. 

Regional data are not available for all Member States.