In the 4th quarter of 2024 farming activity decreased. The agriculture confidence index (IRGAGR) fell in comparison to the 3rd quarter only slightly, by 0.7 pts. It is now 6.1 pts up from the figure recorded in the respective quarter of 2023. The slowdown is due to seasonal factors, however, it is milder than usual. The decrease in IRGAGR was effected by a drop in farmers’ income. On the other hand, some of the survey balances, namely: purchases of fertilizers, feed concentrates and investment in machinery and equipment quarterly increased. The declines of the other balances are smaller than the averages. On the whole, the growing tendency in farming activity, which has been noted since the beginning of 2023, is expected to sustain in the next quarter.
Researches
Konrad Walczyk, kwalcz1@sgh.waw.pl
Piotr Szajner, irg@sgh.waw.pl