Some farmers face collapse due to low prices

Some Czech farmers and agriculture firms are on the verge of collapse due to the economic crisis and low market prices of milk and wheat, according to a survey by the ČTK news agency released on Sunday. Both small farmers and larger companies often owe money to their suppliers and are unable to pay their credits. Fruit growers report that their revenues will be lower by tens of millions of crowns this year, and financial difficulties have also hit Czech wine makers.

Market prices of wheat are about fifty percent lower than last year and farmers keep most of this year’s harvest in the barns. Agriculture firms also have to sell milk at prices lower than production costs.