Farmers reported to have made record profit in 2011

Czech farmers appear to have made a record-high profit of around 15 billion crowns in 2011, according to preliminary estimates released by the Czech Statistical Office. If the figure is confirmed, the result will be the best since 1998. In 2010, Czech farmers made profit worth just 7.7 billion crowns. 2011 was a good year for farmers, both in terms of a good harvest and prices on the market. The rise in profit is also attributed to the fact that there is a growing tendency among farmers to shift towards vegetable production, which saves labour costs.