Survey results - the 1^st  quarter of 2020

In the 1^st quarter of 2020 situation in the Polish agriculture continued to deteriorate. The agricultural confidence indicator (IRGAGR) dropped by 4.0 pts to -6.8 pts. The fall was larger than in the previous quarter. The smoothed money income indicator, one of the two components of IRGAGR, declined by 5.9 pts to -13 pts, and the confidence indicator, the second component of IRGAGR, decreased by 3.0 pts to 5.6 pts. Although the general indicator and its components slipped, they are now higher than one year earlier by 5.1, 7.2 and 0.9 pts, respectively. The slowdown is rather typical, however, the magnitude of the deterioration is apparent. The lack of confidence amongst farmers is etched in the results of the January survey – they do not expect any significant betterment over the next quarter.

Researchers: