Economic accounts for agriculture

SUMMARY OF:

Regulation (EC) No 138/2004 on the economic accounts for agriculture in the EU

WHAT IS THE AIM OF THE REGULATION?

KEY POINTS

Economic accounts for agriculture:

Common methodology

The common methodology in the legislation, set out in the detailed annexes, covers the following.

The Commission may change the methodology, provided this does not undermine the system’s basic concepts or cause undue extra work for national authorities.

Quality assessment

FROM WHEN DOES THE REGULATION APPLY?

BACKGROUND

The management and evaluation of the common agricultural policy require comparable, up-to-date, systematic and reliable information. The data show the sector’s economic state of health and changes in farming incomes and are essential for policy planning.

For further information, see:

KEY TERMS

  1. Satellite accounts. Satellite accounts are linked to the centralised (national or regional) accounts, focusing on a certain field or aspect of economic and social life in the context of the centralised accounts; for example, satellite accounts for the environment, tourism or unpaid household work.

MAIN DOCUMENTS

Regulation (EC) No 138/2004 of the European Parliament and of the Council of on the economic accounts for agriculture in the Community (OJ L 33, , pp. 1–87).

Successive amendments to Regulation (EC) No 138/2004 have been incorporated into the original document. This consolidated version is of documentary value only.

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