The pre-tax profit of social farms increased significantly in 2022

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The analysis using data from 2022 includes 2,109 sample plants. The 106,000 farms represented and examined with the help of the test farm sample cultivated 95.3 percent of the land used by all registered farms, and produced 97.4 percent of all standard production values. The sample data of the test farm system were weighted with the data of the 2020 agricultural census.

The average agricultural area used by the farms was 48.55 hectares, a farm employed an average of 1.5 people

Individual farms producing goods produced 56.9 percent of the total net added value, and cooperative enterprises 43.1 percent. At the national level, sales revenue per hectare increased by 20 percent, direct support by 28 percent, and material costs increased by 35 percent, so the profitability of agriculture shows a 23 percent increase based on net added value.

In the case of individual farms, the net income assessed on the basis of pre-tax profit increased by 10 percent at current prices

Since the increase took place in a high inflation environment, the actual change in profit is better shown by the profit corrected by the consumer price index, which was 4 percent lower (HUF 289.57 thousand) than in 2021. The pre-tax profit of social farms per hectare is HUF 260.28 thousand/hectare, which is a 78 percent increase taking inflation into account, so social farms closed a record year as a whole. For high percentage growth, the base effect must be taken into account: the low value in 2021. In 2022, the income of livestock farms increased the most. Since the economic companies deal with livestock breeding to a much greater extent, the change in their income was also more significant.

AKI PÁIR