Real income from agriculture – first estimate, 2025
Real factor income in agriculture expected to increase
Factor income in agriculture is expected to be higher in both real and nominal terms due to the increased value of agricultural production. Gross value added and factor income per annual work unit (AWU) are also expected to increase.
Lower value of crop production due to reduced yield
We estimate that this year`s value of crop production will be nominally lower by 3% compared to last year and is expected to amount to EUR 852 million. The main reason for the lower value is a smaller expected production volume (by 6%) despite expected higher prices (by 3%).
A smaller production volume is expected for most groups of crop production. For fodder crops, which are the largest group in crop production in terms of value, a 12% lower production value is expected due to a 13% smaller volume despite slightly higher prices (by 1%). A smaller production volume is also expected for vegetables and potatoes (both by more than a fifth), industrial crops (by 8%) and fruit (by 5%).
On the other hand, higher production value is expected for wine (by 40%), olive oil (by almost a third) and cereals (by 7%). For the first two categories, this is anticipated due to greater production volume and higher prices. Higher value of cereals is expected due to price growth, while production volume is estimated to remain the same.
Higher value of animal output due to higher prices and greater production volume
Due to higher prices (by 10%) and greater production volume (by 3%), the expected value of animal output is estimated at EUR 829 million, which is a 14% nominal increase compared to last year.
An increase in production is expected for both groups of animal output. For animals, with prices higher by 14%, the value is expected to rise by 15%, while for animal products the value is expected to increase by 12%, due to higher prices and greater production volume (both by 6%). The expected value of animal production is EUR 465 million and of animal products EUR 364 million.
As regards animals, we expect an increase in production value for cattle (by a quarter), poultry (by 8%), and sheep and goats (by 2%) while a decrease is expected for pigs (by 9%) and horses (by 2%). Milk production, the category with the greatest share of the value of animal products, is estimated at EUR 296 million, which is a 13% increase compared to last year. The increase in the value of milk is expected due to greater production volume (by 4%) and higher prices (by 8%).
The value of total agricultural production, which includes the production of agricultural products and agricultural services, is estimated at EUR 1,721 million, which is 4% more than last year, due to higher prices (by 6%), and despite smaller production volume (by 2%).
Higher costs due to higher input prices
Compared to the previous year, input prices, i.e. products and services for current consumption in agriculture, are expected to rise this year (by 2%), which is expected to lead to an increase in the value of intermediate consumption (by 2%). The consumption of agricultural inputs is expected to remain at the level of the previous year. Total intermediate consumption is estimated at EUR 992 million.
An increase in expenditure is expected for fertilizers (by almost a tenth), plant protection products (by 7%), seeds and seedlings (by 6%), machinery and equipment maintenance (by 4%), and for feed, veterinary costs and agricultural services (by 2%). A slight decrease in expenditure (by 1%) is expected only for energy and lubricants.
Higher real factor income in agriculture
Due to the higher value of agricultural production, despite slightly higher costs, we predict that factor income in agriculture will increase by 8% nominally and by 4% in real terms over the previous year, if subsidies remain at the previous year’s level. Factor income per annual work unit (AWU) is expected to be higher by a tenth and gross value added by 7%.
Tables with the latest data are available in the SiStat Database.
We estimate that this year`s value of crop production will be nominally lower by 3% compared to last year and is expected to amount to EUR 852 million. The main reason for the lower value is a smaller expected production volume (by 6%) despite expected higher prices (by 3%).
A smaller production volume is expected for most groups of crop production. For fodder crops, which are the largest group in crop production in terms of value, a 12% lower production value is expected due to a 13% smaller volume despite slightly higher prices (by 1%). A smaller production volume is also expected for vegetables and potatoes (both by more than a fifth), industrial crops (by 8%) and fruit (by 5%).
On the other hand, higher production value is expected for wine (by 40%), olive oil (by almost a third) and cereals (by 7%). For the first two categories, this is anticipated due to greater production volume and higher prices. Higher value of cereals is expected due to price growth, while production volume is estimated to remain the same.
Higher value of animal output due to higher prices and greater production volume
Due to higher prices (by 10%) and greater production volume (by 3%), the expected value of animal output is estimated at EUR 829 million, which is a 14% nominal increase compared to last year.
An increase in production is expected for both groups of animal output. For animals, with prices higher by 14%, the value is expected to rise by 15%, while for animal products the value is expected to increase by 12%, due to higher prices and greater production volume (both by 6%). The expected value of animal production is EUR 465 million and of animal products EUR 364 million.
As regards animals, we expect an increase in production value for cattle (by a quarter), poultry (by 8%), and sheep and goats (by 2%) while a decrease is expected for pigs (by 9%) and horses (by 2%). Milk production, the category with the greatest share of the value of animal products, is estimated at EUR 296 million, which is a 13% increase compared to last year. The increase in the value of milk is expected due to greater production volume (by 4%) and higher prices (by 8%).
The value of total agricultural production, which includes the production of agricultural products and agricultural services, is estimated at EUR 1,721 million, which is 4% more than last year, due to higher prices (by 6%), and despite smaller production volume (by 2%).
Higher costs due to higher input prices
Compared to the previous year, input prices, i.e. products and services for current consumption in agriculture, are expected to rise this year (by 2%), which is expected to lead to an increase in the value of intermediate consumption (by 2%). The consumption of agricultural inputs is expected to remain at the level of the previous year. Total intermediate consumption is estimated at EUR 992 million.
An increase in expenditure is expected for fertilizers (by almost a tenth), plant protection products (by 7%), seeds and seedlings (by 6%), machinery and equipment maintenance (by 4%), and for feed, veterinary costs and agricultural services (by 2%). A slight decrease in expenditure (by 1%) is expected only for energy and lubricants.
Higher real factor income in agriculture
Due to the higher value of agricultural production, despite slightly higher costs, we predict that factor income in agriculture will increase by 8% nominally and by 4% in real terms over the previous year, if subsidies remain at the previous year’s level. Factor income per annual work unit (AWU) is expected to be higher by a tenth and gross value added by 7%.
Tables with the latest data are available in the SiStat Database.
Value of agricultural output and intermediate consumption, Slovenia 1)
1) Data are provisional.
Main categories of the economic accounts for agriculture, Slovenia, 2025 1)
1) Data are provisional. |
METHODOLOGICAL NOTE
According to Eurostat data, the value of the GDP implicit price deflator, i.e. implicit GDP price index at market prices, for the year 2025 amounts to 103,838335211281.
Additional explanations are available in the methodological explanations.
Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
