Economic Accounts for Agriculture

The output of the agriculture industry (OAI) valued at the current basic prices was 115 751,5 mil. CZK in the year 2004. OAI decreased by 12,0 % to 101 821,4 mil. CZK in the year 2005. As the cause of this decrease was fall both the crop output by 20,7 % and the animal output by 4,6 %.

If we compare the agricultural output measured at current constant prices of the year 2000 then OAI decreased by 4,2 % from the year 2004 to 2005, the crop output came down by 7,0 % and the animal output by 2,8 %.

The crop output shared OAI by 54,4 % in the year 2004 (valued at current basic prices). In the year 2005 it shared OAI by 49,1 %, where cereals (47,6 % in the year 2004 and 40,2 % in the year 2005) and industrial crops (24,8 % in the year 2004 and 27,6 % in the year 2005) had a major proportion in the crop output. The share of the potatoes in the crop output was in both years the same (5,0 %) but there was lower real production of potato by 20,1 % in the year 2005 than in the year 2004 (despite higher harvest) due to significant fall of average price in the year 2005. The animal output shared the OAI by 42,2 % in the year 2004 and by 45,8 % in the year 2005. The milk production (41,7 % in the year 2004 and 45,8 % in the year 2005) and breeding of pigs for slaughter (27,6 % in the year 2004 and 25,4 % in the year 2005) represented the most important part of the animal output. The rest of the total OAI is made up by the agricultural work supplied to the other unit, that is the agricultural services output (1,3 %in the year 2004 and 2,1 % in the year 2005) and non-agricultural secondary activities (inseparable); 2,1 % in the year 2004 and 3,0 % in the year 2005.

The intermediate consumption (IC) at market prices shared OAI by 65,6 % in the year 2004 and by 72,2 % in the year 2005. The intermediate consumption of feedingstuffs represented the biggest part of it, which was 43,7 % in the year 2004 and 40,5 % in the year 2005. The IC dropped by 3,1 % within the year.

The gross value added at basic prices (GVA) was 39 854,2 mil. CZK in the year 2004. GVA decreased by 29,1 % to 28 264,4 mil. CZK in the year 2005. After deduction of the fixed capital consumption (FCC) we get the net value added at basic prices (NVA). NVA amounted to 28 041,5 mil. CZK in the year 2004 and within a year it decreased by 40,5 % to 16 687,3 mil. CZK in 2005.

The factor income at basic prices was 30 984,6 mil. CZK in the year 2004 and it was higher by 2 943,1 mil. CZK then the net value added (by 10,5 %). The factor income fall by 0,3 % within a year, therefore it amounted to 30 890,0 mil. CZK in 2005 and the difference between it and NVA amounted to 14 202,7 mil. CZK. The compensation of employees was 19 160,3 mil. CZK in the year 2004. There occurred an increase of the compensation of employees in the year 2005 contra the year 2004 by 0,9 % to 19 342,3 mil. CZK.


Income from agricultural activity per full-time labour equivalent (1 AWU), as it is measured by income Indicator A, decreased by 2,0 % in 2005. The deflator (the implicit price index of GDP at market prices) was 106,1 % in the year 2005.
The main reason for this decrease was a fall in the volume of crop production by 8,8 % in the
year 2005 (expressed at prices for the preceding year).
Cereals are the most important product of the Czech agriculture and there was a decrease in the output at basic prices of this crop by 36,8 %, the cereal volume decreased by 12,8 %, real price was lower by 23,2 %. There was a rise of volume for potatoes (20,5 %), but real price dropped by 36,6 %. The volume of oilseeds was lower by 11,4 %, real price went down by 12,0 %. For the crop output as a whole in 2005, the real price was lower by 14,1 % than in 2004 and the lower volume by 8,8 % produced the overall drop of crop output at basic prices by 25,3 %.
The output at producer prices of cattle went down by 16,7 %, the output at basic prices was lower by 22,2 %. Pig production is the second most important product of the Czech agriculture. The real price went down by 7,5 % in parallel fall of volume by 10,3 %; consequently the output at producer and basic prices went down (-17,0 %). Output of poultry at producer and basic prices went down by 4,1 % as a result of decrease of real price by 9,7 % despite increase in volume by 6,2 %. Milk production has a substantial share in the agriculture of the Czech Republic. The output at basic prices decreased by 1,3 %, whereas the volume in the year 2005 as above the level of the previous year by 5,8 %. Real value of animal output decreased by 10,0 % at basic prices.
The volume of the agricultural industry went down by 9,2 %, the output at basic prices was by 17,1 % lower than in 2004.
The overall value of intermediate consumption costs was lower than in the previous year (-8,6 % real terms) due to a reduction all items, except of energy, lubricants and fertilisers and soil improvers. On the back of the overall developments of output and input, agricultural gross value added at basic prices in the Czech Republic decreased by 33,1 %, in 2005.
During the interannual drop at real value of fixed capital consumption by 7,6 % net value added decreased at a rate of 43,9 %. In spite of the gentle increase in the other taxes on production (+7,9 % in real terms) and a considerable growth in the other subsidies on production (+150,6 %), the decreasing rate of real agricultural factor income, the basis of income Indicator A, was limited to 6,0 %. The volume of agricultural labour input have been reduced in 2005 by 4,1 %.
For the agriculture of the Czech Republic, expenditure on compensation for employees is the most important item. They shared the factor income by 61,8 % in the year 2004 and by 62,6 % in the year 2005. In the year 2005 compensation of employees was by 4,8 % (in real value) lower than in 2004, and net operating surplus showed decrease by 7,9 %. The net entrepreneurial income, expressed by Indicator C, dropped in the year 2005 by 16,5 % in a real value. Indicator B, which measures trends in real net entrepreneurial income in relation to trends in unpaid labour input, fell by -14,5 % in 2005.