Economics of Agricultural Activities

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Food Industries, Business Statistics
Henrik Bolding Pedersen
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Economics of Agricultural Activities 2024

The purpose for this statistics for Economics of agricultural activities are to analyze the economic results for individual crops and livestock production. This also applies to horticultural crops. The statistics are based on holdings that have a work equivalent to at least 1 annual work unit (1 AWU equals 1,665 working hours). Holdings are weighted together, achieving a representative statistics for full-time farms. The basic accounts statistics for agriculture has been compiled since 1916 while the economics of agricultural activities is comparable 2021 onwards. In StatbankDK archive a time series for 2008-2021 can be found.

Statistical presentation

The statistics show economic results of production branches in agriculture. It shows results for crops and livestock on full-time farms and is based on accounting data distributed across 36 production branches. The statistics include, among other things, production value, costs, working hours and key figures. The figures are published in https://www.Statbank.dk and in "Nyt" from Statistics Denmark.

Statistical processing

The main source to the statistic is account information from accounting offices organized in SEGES. This information is retrieved electronically from the accounting system Ø90 supplemented with necessary additional information (eg. working hours). In addition some financial data for a small number of holdings are retrieved from other accounting offices.

The holdings in the sample are checked for outliers and might be excluded in total or from certain activities. The holdings in the final sample are weighted to the population.

Relevance

These statistics are primarily used by researchers and authorities as input into economic models and analyzes.

Accuracy and reliability

By selection priority is given to farms included in the statistics several years in a row. Together with a uniform collection of data from Ø90 this ensures a high overall reliability of data.

Timeliness and punctuality

This statistic is normally published with preliminary data within 12 month after closure of the relevant accounting year. Data are final app. three years after closure of the accounting year.

Comparability

Data from 2021 onwards are comparable. There are no EU based systematic similar statistics for other countries.

Accessibility and clarity

These statistics are published yearly in a Danish press release, at the same time as the tables are updated in the StatBank.

For further information, go to the subject page.