Farmers to see drop in profit

03-12-2010

Czech agriculture will show a profit of only around one billion crowns this year, which is the worst result since the Czech Republic's entry in the European Union in 2004, according to estimates of the Agricultural Association. In 2009, Czech farmers generated a profit of 2.6 billion. The drop in profit, which farmers will see despite higher purchasing prices, is mainly ascribed to the lower volume of government subsidies. Agricultural unions plan to block one of the motorways leading to Prague on December 8th, the day of a trade union strike in protest of low wages in the public sector. If their demand for higher subsidies is not met after the blockage, farmers say they will block all motorways to Prague on December 10.