Survey results - the first quarter of 2024
Farming activity continued declining in the 1st quarter of 2024. Again, the decrease was due to seasonal factors. The agriculture confidence index (IRGAGR) quarterly decreased by 1.7 pts to 24 pts. It is 0.9 pts down from the figure recorded in the respective quarter, 2023.
On the whole, economic situation of farms deteriorated. There are, however, some signals that might foreshadow a recovery coming soon – a relatively substantial rise in investments, a rise in propensity to taking loans, and continuously growing optimism of farmers. The next quarter is expected to bring about a seasonal betterment in agriculture.
Researches
Konrad Walczyk, kwalcz1@sgh.waw.pl
Piotr Szajner, irg@sgh.waw.pl
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