In the 1st quarter of 2025 farming activity decreased again. The agriculture confidence index (IRGAGR) dropped in comparison to the 4th quarter of 2024 by 3.4 pts. It is now 4.3 pts up from the figure recorded in the respective quarter of 2024. Again, the slowdown was due to seasonal factors and effected by a decline in farmers’ income. Despite the decrease in income, farmers managed to reduce their indebtedness and increase purchases of fertilizers, feed concentrates, plant protection products and investment. Their propensity to take loans also grew. Farmers are looking into their economic prospects with less and less anxiety. In general, though farming activity slowed down, its growing tendency, which has been noted since the beginning of 2023, sustained and is expected to sustain also in the next quarter
Researches:
Konrad Walczyk, kwalcz1@sgh.waw.pl
Piotr Szajner, irg@sgh.waw.pl