After three consecutive quarters of the decline, in the third quarter of 2024 farming activity increased. The improvement was expected but to a much lesser extent. The agriculture confidence index (IRGAGR) grew in comparison to the second quarter by 8.9 pts (to 15.6 pts). It is now 6.0 pts up from the figure recorded in the respective quarter of 2023. The increase in IRGAGR was chiefly due to an elevation in farmers’ sentiments, but also to a rise in their income.
All the survey balances: income, savings, indebtedness (with the minus sign), purchases of fertilizers, feed concentrates and plant protection products, investments, and the propensity to taking loans increased. Although they remained at low or very low values, beneath their long-term means, it looks that the summer betterment in the Polish agriculture this year was not unique, and that farming activity should continue in the next quarter.
Researches
Konrad Walczyk, kwalcz1@sgh.waw.pl
Piotr Szajner, irg@sgh.waw.pl