Statistical presentation

Data description

The statistics describe the profit and loss accounts, balance and investments at the level of agricultural holdings (enterprise level). The primary statistical data contain detailed accounts items, including items for turnover, purchases, costs, operating result of the year, assets, liabilities and investments. The central performance indicator in the statistics is the operating result, which is calculated as the result from the primary operation, including general subsidies, minus financing costs. In addition, the operating result after remuneration of the owner is calculated. The statistics also include key indicators such as profit margin, return on assets and equity ratio. The statistics also describe household finances, as information on income outside agriculture, paid taxes and private consumption is available for a proportion of the holdings.

The holdings in the sample are divided into full-time and part-time holdings based on actual working hours. A full-time holding has a total labour input of at least 1,665 hours.

The classification by economic size is based on the holding's total standard output (SO). For all crop types and livestock categories, SO is calculated as an average of the actual output (largely corresponding to gross output in the statistical tables) for a given unit (hectare or animal) over a reference period of five years.

Based on the composition of the holding’s SO from the different activities, the type of farming is determined. As a general rule, a holding is assigned to a specific type of farming when more than 50 per cent of the holding’s total SO originates from a specific activity.

Classification system

The statistics are grouped by conventional and organic production, horticulture, geographical areas such as regions and parts of the country, as well as by farm type. Organic production is defined as holdings that have been fully converted to organic farming. Holdings undergoing conversion to organic production are included among conventional farms. Horticulture includes both conventional and organic holdings. Farm types are further divided into groups according to the number of annual work units, number of livestock, etc. The Farm Account Statistics for Agriculture follows the groupings and classifications established by FSDN (Farm Sustainability Data Network).

Sector coverage

The statistics cover all agricultural and horticultural holdings in Denmark.

Statistical concepts and definitions

Codes preceding the concept names: The code preceding each concept name is the code used in Statistics Denmark's StatBank. If codes are displayed in StatBank tables, they can be used to uniquely identify each concept across tables.

0265: Labour input, hours: Total labour input, paid as well as unpaid in hours.

0290: Gross output, DKK 1,000: Income from sales of the production, including internal feeding stuff and seeds for sowing, work performed for others, changes in value of livestock, payment-in-kind to private individuals and paid labour and direct subsidies.

0470: Costs, DKK 1,000: Costs linked to the generation of gross output, including stocks reductions of feeding stuff, fertilizers and other intermediate products. Cost of financing and family renumeration are excluded.

0655: Operating profit, DKK 1,000: Gross output (0290) minus costs (0470).

0660: Costs of financing, agriculture, DKK 1,000: The agricultural part of the costs of financing.

0720: Net profit, DKK 1,000: Operating profit (0655) minus Costs of financing (0660) plus General subsidies (0705).

0732: Net profit after family renumeration, DKK 1,000: Net profit (0720) minus family renumeration (3505).

0735: Investments, DKK 1,000: Total investments: In agricultural assets, other private assets, financial assets and savings for retirement.

0845: Internal financing, DKK 1,000: Internal financing are mainly profit and depreciations.

0850: External financing, DKK 1,000: External financing is mainly bank loans and mortgage loans.

0880: Assets (beginning of the year), DKK 1,000: Value of the holding as well as financial and private assets such as dwelling, car, bank deposits, securities etc.

0960: Liabilities (beginning of the year), DKK 1,000: Liabilities are divided in debts, deferred taxation, tenancy and net capital.

1075: Liabilities (end of the year), DKK 1,000: Liabilities are divided in debts, deferred taxation, tenancy and net capital.

1135: Net capital changes, total, DKK 1,000: Total changes in the net capital during the accounting year.

1170: Net capital, end of the year, DKK 1,000: Own assets minus debts and deferred taxes at the end of the year.

3505: Family remuneration, DKK 1,000: Calculated as hourly wages times a calculated cost per hour. For 2016 the calculated cost was DKK 195.50 per hour including premiums.

3510: Net output, DKK 1,000: Defined as Operating profit (0655) plus General subsidies (0705) minus tenancy, rent of buildings, leasing and family renumeration (3505).

3515: Calculated interest, DKK 1,000: Calculated as 4 per cent of the value of agricultural assets.

3520: Labour income, DKK 1,000: The labour income shows the workers and the families´ ability to create earnings at the farm.

3525: Operating profit, per cent.: The operating margin shows the operating profit compared to the gross output. It is calculated: (operating profit (0655) + General subsidies (0705) - family remuneration (3505)/gross output (0290))*100

3530: Degree of profitability, per cent.: The degree of profitability shows the return of the invested capital in percent. It is calculated: (Operating profit (0655) + general subsidies (0705) - family remuneration (3505))/agricultural assets ultimo *100

3535: Rate of return, per cent.: The rate of return shows how large the return of the own assets has been. It is calculated: (Operating profit (0655) + general subsidies (0705) - family remuneration (3505) - tenancy - other financial costs)/own agricultural assets

3540: Labour income, DKK per hour: The labour income per hour shows the workers and the families ability to create earnings (3520) at the farm per hour.

3542: Farm solvency, per cent (after deferred taxation): Farm solvency shows how large a percent share of the assets which are internally financed after deferred taxation. It is calculated (Net capital, end of year)/Assets, own, end of year)*100

3545: Farm solvency: Farm solvency shows how large a percent share of the assets which are internally financed. It is calculated (Net capital+ deferred Taxation, end of year)/Assets, own, end of year)*100

3550: Ratio of debts, per cent.: Ratio of debt shows how large a percent share of the assets which are external financed. It is calculated: (debt- tenancy)/assets - tenancy)*100

0010: Area, at the beginning of the year: The total area of the holding. Owned and rented land under cultivation and rented out land.

Statistical unit

The primary statistical unit is the agricultural holding as defined in the Farm Structure Survey Farm Structure Survey. Holdings are further divided into full-time and part-time holdings and into subgroups according to the main type of farming, such as dairy cattle, other cattle, pig fattening, poultry, field crops, vegetables under glass and in open and many more.

Statistical population

The statistical population covers all agricultural holdings, which according to Statistics Denmark's agricultural and horticultural surveys have a standard output (SO) at least 25.000 Euros. The threshold has been changed from accounting year 2020 from 15.000 Euros earlier on.

Reference area

Denmark.

Time coverage

The accounts statistics for agriculture and horticulture are calculated from 2008 and forwards. Statistics from former years are also available but are calculated with another division of the farms.

Base period

Not relevant for these statistics.

Unit of measure

The accounts variables are measured in 1.000 DKK. Other accounts variables such as operating margin and degree of profitability in per cent. Labor input is measured in hours. Livestock is measured in number and land use in hectares or square meters. Harvest yields are measured in hkg per hectares. Milk is measured in standard milk yield, kg per cow. Energy consumption is measured in gigajoule.

Reference period

The accounts statistics are primarily related to calendar-based annual accounts. However, there are also accounts, especially gardening, ending in the period 1 January - 30 June included in the statistics.

Frequency of dissemination

The statistics are published yearly. For agriculture preliminary data are published in July, while figures for the full sample are published in October.

Legal acts and other agreements

Council Regulation (EC) No 1217/2009 constitutes the basic legal act establishing Denmark's obligations under the EU Farm Sustainability Data Network (FSDN). The Regulation was amended by Regulation (EU) 2023/2674, which transformed the former Farm Accountancy Data Network (FADN) into the FSDN.

The basic Regulation is supplemented by Commission Delegated Regulation (EU) 2024/1417.

Data collection is based on the holding owner's consent to obtain accounting information from the accounting office or auditor. A register is maintained of agricultural holdings that have agreed to make their accounts available.

The main implementing legislation also includes Commission Implementing Regulation (EU) 2024/2746, which lays down rules on sampling, thresholds, typology and reporting formats, and Commission Implementing Regulation (EU) 2024/2499 concerning deadlines, payments and related matters.

The regulations can be found in EU's database: EUR-Lex - Access to European Union law.

Cost and burden

No response burden is estimated as participation in the survey is voluntary.

Comment

Other information is available on the statistics subject page or by contacting Statistics Denmark