Data source:
Farm Sustainability Data Network (FSDN)
Notes:
Due to change in the minimum threshold occurred in Bulgaria in 2017 and in Romania in 2018, historical data do not take into account farms with a standard output below EUR 4 000, for comparability.
Other changes in the national thresholds occurred during the analysed period. However, due to their limited impact on the overall results, they did not require recalculations or adjustments.
Data are displayed as averages.
Definitions:
Farm net value added (FNVA) is equal to gross farm income minus depreciation costs. It is used to remunerate the fixed factors of production (labour, land, and capital), whether they be external or family factors. As a result, agricultural holdings can be compared regardless of whether family or non-family factors of production are used.
FNVA = output + Pillar I and annual Pillar II payments + any national subsidies + VAT balance − intermediate consumption − farm taxes (income taxes are not included) − depreciation.
The value is calculated per annual work unit (AWU) to take into account the differences in the scale of farms and to obtain a better measure of the productivity of the agricultural workforce.
AWU = Annual working unit.
For more information on FSDN, please refer to the website:
https://agriculture.ec.europa.eu/data-and-analysis/farm-structures-and-economics/fsdn_en
For the full Farm Economics Overview and other FSDN reports, please refer to the website: