2025 was a record year for farm income, though not for all

As the tractors arrived in Brussels yesterday, it is important to keep a sense of perspective. European farm incomes broke a new record high in 2025 – also in real terms – although not all farmers participated in this. But amid all the doom and gloom spread about an industry on its knees (a narrative with an explicitly political objective), and despite the evident challenges, it is even more important to keep an eye on the underlying facts.

The record farm income is reported in Eurostat’s first estimate of the economic accounts for agriculture earlier this week. This gives a snapshot of the economic health of the agricultural sector, summarised in what Eurostat calls Indicator A.… Read the rest

The looming Mercosur tragedy

Weak political leadership in Europe looks likely to doom the EU-Mercosur free trade agreement in a vote among EU Member States later this week. Denmark, as current Council President, has indicated it intends to schedule a vote at Ambassador level (COREPER II) to take place either Thursday or Friday this week. To be approved, the Agreement must gain the support of 55% of Member States (currently, 15 out of 27) representing at least 65% of the EU population. The Agreement can be blocked by a blocking minority which requires at least 4 countries representing at least 35% of the EU population.… Read the rest