The recently published EU dairy farm report of 2013 shows that the gap between EU-15 (“old” Member States) and EU-N10 (“new” Member States) seems to be gradually narrowing, both in terms of gross margins and farmers’ income.
The report shows that the last five years have been characterised by wide variations in milk producers’ margins from one year to the next. Based on data from the Farm Accountancy Data Network (FADN), the report provides information on the margins of EU milk producers from 2004 to 2011, as well as estimates for 2012.
Volatility can also be observed from one quarter to another within the same year, as illustrated in the Farm Economics Brief on EU Milk Margin Estimate up to 2013, which focuses on estimates of the latest trends in gross margins at EU-27 level.
The report shows that 2010 and 2011 were two positive years for farmers specialised in milk production (after the widely highlighted crisis year in 2009).
On average, at EU-27 level, they obtained a higher Farm net value added per annual work unit than in 2007 – the previous high in incomes – thanks to the improvement in gross margins and to a significant increase in milk production.