Failed harvests a windfall for nation’s farmers

Denmark’s bumper grain harvest arrives after farmers in the US and the Balkans were forced to abandon their crops due to prolonged droughts

August 31st, 2012 10:32 am| by admin
facebooktwittergoogle_pluspinterestmail

A productive harvest yielding high-grade grain, combined with potentially record breaking prices, may give Danish farmers an enormous windfall this year.

According to Jyllands-Posten newspaper, the value of grain sales could increase by 4.5 billion kroner compared with 2011. This is both due to the yield, which was almost ten percent higher than last year, and high prices.

The value of Denmark’s harvest is predicted to reach 17 billion kroner, though it could be higher because farmers have yet to sell all their grain and prices may still increase. 

"Big importing countries such as Egypt, Algeria, Morocco and Saudi Arabia have not yet bought any wheat,” Palle Jakobsen from Agrocom, a farming information website, told Jyllands-Posten.

Prices have increased by 30 percent to about 1,900 kroner a ton since the beginning of June and could reach a record 2,400 kroner a ton.

The high prices are a result of failed harvests both in the US and in Europe, where Balkan farmers have abandoned their crops after a record heatwave and drought.

In Bosnia, where temperatures touched 47 degrees at one point during the summer, 80 percent of the crops were ruined. The country will lose about 6 billion kroner as a result, a major hit in the country where 10 percent of the GDP is related to agriculture.

Serbia is expected to lose 12 billion kroner, while the losses in Croatia amount to about 1.5 billion kroner.

The key to not getting ripped off is face-to-face contact at all times (photo: istock)
Brick by Brick: Beware the Danish rental market!
  The thing about foreigners, like myself, is that they need somewh...
Equally at home being a restaurant  and a nightclub
Dancing, dining and dangerously living la vida loca
  Like its German name suggests, it’s risky leaving your seat at ...
The hip-hop brigade flip-flopped out to make room for the electronic fans (photo: Ella Navarro)
Roskilde 2015: Disclosure know how to make you move!
  The crowd changed a little after Lamar hip-hopped off the stage t...
Wozniacki might fancy her chances given the easy draw ahead (photo: si.robi)
Wimbledon draw opening up as Wozniacki advances to last 16
The draw is opening up nicely for Caroline Wozniacki at Wimbledon where she...
An infectious performance (photo: Merlijn Hoek)
Roskilde 2015: Kendrick Lamar rocks Orange Scene to its core
  The 80,000-strong audience at Roskilde last night have Kendrick ...
Jeffrey Hunter and his dog Butch
July 4 special: Americans living the dream in Denmark
The US is admired the world over for the many liberties and freedoms deno...