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Agriculture will become less profitable in 2024

05.07.2024
Agriculture will become less profitable in 2024

Last year was already difficult for farmers from an economic point of view. Now the situation looks even bleaker, say agricultural economists from around the world, World of NAN reports.

A pessimistic forecast also comes from the agricultural Cash Crop Network. A global network coordinated by the Thünen Institute suggests farmers will have a tougher time this year.

The profitability of companies is sharply reduced due to high prices for equipment. The forecast was made for Europe, but in our “great” Kazakhstan the situation is much worse due to the recycling fee.

Analysts also predict that world producer prices will be lower than last year. Forecasts are made for the European market, but it is worth remembering the closure of the Western market for Russia and the possible increase in competition in the traditional markets of Kazakhstan.


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