2,000 Danish farmers facing bankruptcy

Bad new for a stagnating labour market in which 133,000 people are already unemployed

Nov 27, 2014

Some 2,000 farmers are in danger of losing their farms next year.

While Danish consumers can look forward to cheaper milk and pork products, the drastic drops in prices mean farmers are facing a dire future.

Many of them are facing bankruptcy and the repossession of their properties.

Worse than fertiliser restrictions
According to Heden and Fjorden, the advisory centre for agriculture based in Herning, the declining prices of pork and milk are impacting on farmers far more than the controversial restrictions on fertilisers, which has been highly debated.

Morten Dahl Thomsen, the chief economist at the advisory centre, has calculated that the impact of the plummeting prices will be 15 times worst for pork producers and 12 times worst for dairy farmers than the controversial fertiliser restrictions.

Thomsen believes debt relief settlements and finding new sources of funds are essential to save the farmers.

The market price of pork has dropped by 1.50 kroner this year due to the trade conflict with Russia, while Arla has lowered milk prices by 73 øre since April.

Stagnating labour market
Meanwhile, Danmarks Statistik reports 133,000 people are unemployed, representing five percent of the population.

The unemployment rate has been at the same level for the past six months, suggesting a stagnation in the labour market. Just 100 people got a job in October.

"The labour market lost its momentum from the beginning of the year," Erik Bjørsted, the chief analyst at Arbejderbevægelsens Erhvervsråd, told TV2.

"It will be difficult to get the Danish economy going."

TOP STORIES

New agreement criticized for not attracting enough internationals

Several mayors and business leaders across Denmark are not satisfied with the agreement that the government, the trade union movement and employers made last week. More internationals are needed than the agreement provides for
Let’s not fear the global – let’s use it wisely

Copenhagen’s international community is not just a demographic trend – it’s a lifeline. Our hospitals, kindergartens, construction sites, laboratories and restaurants rely on talent from all over the world. In fact, more than 40% of all job growth in the city over the past decade has come from international employees.
The Danish Connection: Roskilde gossip, a DNA scandal & why young Danes are having less sex

With half of the population of Copenhagen at Roskilde this week, Eva away in Aalborg and the weather being a bit of a joke , Melissa and Rachel bring you a chatty episode to cheer you up looking into three of the top stories in Denmark this week.
A nation turns its hopeful eyes to Jonas Vingegaard

The Tour de France has started and thus the news focus in Denmark for the next few weeks is defined. The double Tour winner will once again compete with the phenomenon Tadej Pogacar to stand at the top in Paris. Many Danes will daily follow whether one of the nation’s great sons succeeds
Palestine support voices characterize Roskilde in rain, sun and wind

The 53rd edition of Roskilde Festival ended Saturday night. More than 100,000 people gathered to listen to music, party, drink – and for many to take a stand on the conflict between Israel and Palestine
Air France-KLM will be the majority owner of SAS

Scandinavian Airlines System (SAS) may have French-Dutch Air France-KLM as a major shareholder. SAS has had some difficult years, but the share purchase could be the start of brighter times

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Summer Greetings from
The Connect Club
☀️⛱️😎

Career

“It’s possible to lead even though you don’t fit the traditional leadership mold”

Describing herself as a “DEI poster child,” being queer, neurodivergent and an international in Denmark didn’t stop Laurence Paquette from climbing the infamous corporate ladder to become Marketing Vice President (VP) at Vestas. Arrived in 2006 from Quebec, Laurence Paquette unpacks the implications of exposing your true self at work, in a country that lets little leeway for individuality
Deal reached to bring more foreign workers to Denmark

Agreement between unions and employers allows more foreign workers in Denmark under lower salary requirements, with new ID card rules and oversight to prevent social dumping and ensure fair conditions.
New association helps international nurses and doctors Denmark

Kadre Darman was founded this year to support foreign-trained healthcare professionals facing challenges with difficult authorisation processes, visa procedures, and language barriers, aiming to help them find jobs and contribute to Denmark’s healthcare system

Want to advertise your job with CPH Post?

Jobs