Czech farmers post positive numbers

The Agriculture Ministry has revealed that in 2004 the Czech agriculture sector turned a profit of 9 billion crowns, or 365 million US dollars, a marked turn around from the previous year when Czech agriculture suffered losses of 2 billion crowns. The ministry has attributed the turn-around in revenues to the Czech Republic's joining the EU, seeing an increase in subsidies, improvements in production, and a rise in prices. The Czech Statistical Office has said that in 2003 the agriculture sector received 21 billion crowns in support, while last year that amount rose by one third.

Author: Jan Velinger