Italy: 2020 is a black year for agriculture; decrease in production, added value and employment

Published 2021년 5월 25일

Tridge summary

The Italian agricultural sector experienced a decrease in production by 3.2% and value added by 6.4% in 2020 due to the pandemic, according to Istat. Despite the overall decline, there were increases in the production of fruit, cereals, milk, and vegetables. However, secondary activities like agritourisms, horticulture, and agricultural support services saw a decrease in production. The olive oil industry experienced a significant downturn, with the largest decrease in the southern regions. The wine industry also had a poor vintage, leading to a decrease in prices. Horticultural crops saw overall positive results due to a significant rise in prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The pandemic has also made its effects felt on the primary sector. Especially bad farms, horticulture and wine. The prices paid to farmers have increased and the production costs have fallen (little) From the year that will go down in history as that of the coronavirus pandemic, it was difficult to expect positive numbers. But reading the data of the agricultural economy with so many minus signs always has a certain effect. Also because 2019 already recorded an unexciting consultative for the primary sector (-1.6% value added in volume compared to 2018). An Istat report shows how from 1 January to 31 December 2020 agricultural production in Italy decreased in volume by 3.2% and value added by 6.4%. Employment also fell: -2.3% compared to the previous twelve months. But there are also some positive indicators. In 2020 the production costs for farmers decreased, albeit slightly (-0.6%), and the prices of agricultural products increased: + 0.9%. Secondary activities, in particular ...

Source: Terraevita