Bloomberg News

French Farm-Production Costs Climb 2.4% on Fuel and Feed Prices

September 04, 2012

French farm-production costs rose 2.4 percent in July as growers and livestock breeders paid more for energy and fuel, feed and fertilizer, the Agriculture Ministry said.

An index of agricultural-input costs averaged 132.4 for the month, against 129.4 a year earlier, the ministry reported today on its website.

Energy and lubricant expenses, making up about 11 percent of the gauge, jumped 3.3 percent, according to the report. The cost of animal feed, with an index weighting of about 25 percent, climbed 2.7 percent.

“The price of animal feed continues to progress since February,” the ministry wrote. “Those for energy and lubricants again head up, after having declined during the second quarter.”

The index for fertilizer, accounting for 12 percent of farming costs, rose 2.9 percent and expenses for seeds and planting material advanced 3.5 percent, the report showed.

Production costs for commodity crops, a subgroup of farming expenses, gained 3.7 percent, while livestock and dairy producers’ costs rose 2.5 percent, the ministry said.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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