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Statistical processing

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Food Industries, Business Statistics.
Henrik Bolding Pedersen
+45 39 17 33 15

hpe@dst.dk

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Agricultural investments

The statistics are based on information from Accounts Statistics for Agriculture. The Accounts Statistics for Agriculture include only farms of at least 25.000 euro in standard output. To cover also small farms below this threshold the results for investments are increased by 1,7 per cent for buildings and also 1,7 per cent for machinery and inventory. This regulation of the investments also takes into account that small farms invests less than larger farms. Calculation at constant prices is made by means of price indexes for agricultural investment goods.

Source data

The main source for compiling the statistics is accounts data for farms, whose accounts are prepared by accounts offices, which are organized within DAAS. The data for the statistics are collected electronically from the accounts system Ø90, where additional and necessary information is supplemented by the accounts offices. In addition to this, accounts data for a number of enterprises, mainly gardening are collected from private accounts offices, which report the data electronically on questionnaires. Another source is the Farm Structure Survey maintained by Statistics Denmark. The register forms the basis for determining the population. Finally, register-based data on paid-out subsidies from the Danish Agricultural Agency are used.

The selection plan is optimized according to the Neumann-criteria, including three target variables. The Neumann allocation is based on the observed spread within strata defined by EU-type * size. The three target variables are Net profit, Debt ratio and investments in agricultural assets and weighted, respectively ½, ¼ and ¼. The selection is divided into 6 main types of agriculture; conventional full-time and part-time holdings, ecological full-time and part-time holdings, and full-time and part-time horticulture.

The Danish sample to FADN is in regulated to 1.600 farms.

Frequency of data collection

Yearly.

Data collection

Accounts offices, which are organized within SEGES, report data electronically from the accounts system Ø90, where additional and necessary information is supplemented by the accounts offices. In addition to this, accounts data for a number of enterprises, mainly gardening are collected from private accounts offices, which report the data electronically on questionnaires. The information from Ø90 is collected as system-to-system reports. Finally, register based information is collected from the Register of Business Statistics by Statistics Denmark and subsidies from the Danish Agricultural Agency.

Data validation

Before accounts are delivered to Statistics Denmark there are a number of tests, also stop-tests, in the accounting system Ø90 and in the questionnaires. After receiving the data at Statistics Denmark a sophisticated test is performed for each holding. The test is particular sophisticated because individual data are delivered to FADN, DG Agri.

Data compilation

There are five types of investments:

Stables for cattle Stables for pigs Other farm buildings Machinery and equipment Land improvements

Stables for cattle, Stables for pigs and machinery and equipment appear in the accounts statistics as identical items whereas other farm buildings are an aggregation of “greenhouses and “buildings not mentioned elsewhere” and plantations and land improvements an aggregation of “land improvements” and “strawberry plants”.

When publishing the figures stables for cattle, stables for pigs and other farm buildings are aggregated to “farm buildings, total” and all items to “investments, total”.

The extrapolation from the sample of the accounts statistics is done by applying an extrapolation factor for each farm in the sample. The accounts statistics include only farms of least 10.0 hectares or at least 15.000 euro in standard. To cover small farms below this threshold the results are raised by 3.0 per cent.

The calculation at constant prices is done by applying three different price indexes taken from here

Materials, investments, total Buildings, investments Other structures (drainage etc.)

Depreciations express the value of the wear and tear of fixed capital and are calculated at current prices only. For machinery and equipment a living time of 12 years is assumed whereas buildings have a living time of 100 years. For land improvements depreciations are assumed to be zero.

Net investments are calculated by deducting the depreciations from the investments. Net investments may be negative if depreciations exceed investments.

Adjustment

None.