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January 21, 2020 In 2019, agricultural production decreased by 1.3% in volume. Gross value added at basic prices fell by 2.7% in volume and units of work decreased by 0.1%. The decline was mainly caused by unfavorable weather factors.

This is highlighted by a Istat report on economic accounts for the agricultural sector. The drop was evident for wine (-12%) while a good recovery was recorded for olive oil (+ 32%). Significant decreases also for fruit (-3%) and cereals (-2.6%) while the positive trend of secondary activities (+ 1.3%) and service activities (+ 0.4%) continued.

Compared to 2018, the growth in both producer prices (+ 0.7%) and those relating to costs (inputs) incurred by farmers (+0.9%) was more contained. a modest decrease (-0.1%), a synthesis of an increase in employees (+ 0.4%) and a decrease in self-employed workers (-0.4%). The ranking of the value of production at current prices sees, for 2019, France in first place (75.4 billion euros), followed by Germany (57.0 billion euros) and Italy (56.6 billion euros) . In terms of added value, Italy remains in first place with 31.9 billion euros ahead of France (31.0 billion euros) and Spain (26.5 billion euros).

The production subsidies received by the sector increased by 3.8%, a value that follows the strong increase of 16.8% recorded in 2018.The factor income decreased by 2.2% in value and, consequently, the indicator of agricultural income has decreased by 2.6%.