Czech farm sector sees dramatic slide in profit in 2015

09-03-2016

The Czech agricultural sector last year saw overall profits slide dramatically from the record year of 2014, according to the Czech Statistical Office. Profits for the sector dropped by around 27 percent to around 16.9 billion. The main factor was lower prices for goods, in particular milk and pork but earnings were also affected by the drought over the summer. Overall sales in the sector amounted to 127 billion crowns with crops making up around 75 billion crowns of that. The Agricultural Association, which uses different figures and calculations, says profit more than halved last year to 9 million crowns from 19 billion.