In the second quarter of 2026, business conditions in Polish agriculture improved. The IRG SGH agricultural confidence indicator (IRGAGR) increased by 2.7 pts compared to the first quarter of this year. Despite this increase, it remains lower than a year ago (by 6.0 pts). The economic upturn follows the pattern of seasonal fluctuations (increases in the second and third quarters, decreases in the first and fourth quarters), driven primarily by the plant growth cycle.
Despite the improvement, the situation in Polish agriculture remains difficult – IRGAGR is 12.8 pts below the long-term average. Farmers have cut back on spending on synthetic fertilizers and reduced investments in machinery and equipment. Purchases of plant protection products remained unchanged, while purchases of concentrated feed and investments in buildings and structures increased only slightly. The difficult situation in agriculture stems from a drastic increase in production costs (high prices for fuel, mineral fertilizers, and electricity), low purchase prices for agricultural products (especially grains and corn), uncertainty and tensions in the geopolitical and administrative-legal environment, and unfavorable weather (spring droughts and frosts).
Researches:
Konrad Walczyk, kwalcz1@sgh.waw.pl
Piotr Szajner, irg@sgh.waw.pl