Big farms rake in record profits when food prices soar, while small farms struggle on razor-thin margins
The income gap between the biggest and smallest farms in Europe has doubled in the past 15 years and hit record levels at the same time as the number of small farms has collapsed, a Guardian analysis of agricultural income data has found.
Figures from the European Commission’s Farming Accountancy Data Network (FADN) and Eurostat suggest farmers across the continent raked in record profits when the war in Ukraine sent food prices soaring, boosting a long-running trend of rising average incomes that has outstripped inflation.
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