Agricultural economic accounts

The Agricultural Economic Accounts (LER) provide a systematic and comparable overview of economic activity in the agricultural sector. They include the net value added (production account, i.e. the remuneration of all factors of production), the net surplus of the exploitation (exploitation account, i.e. the proceeds of the land, capital and non-remunerated labour force) and the net operating income (business income account, i.e. the remuneration of the unpaid labour force, of the land owned by companies and capital). Net value added is calculated at producer prices (i.e. without taking into account subsidies and taxes on production) and, on the other hand, at factor costs or at basic prices (taking into account these subsidies and taxes). They are drawn up for all agricultural economic units of the country, which are covered by the agricultural sector. In concrete terms, this sector covers all agricultural holdings which are examined in the agricultural surveys in May and which correspond to the definition of an agricultural holding used in that census. The LER is annual and will be closed in September of the year following the reference year. All sources with statistical data on agriculture, both inside and outside Statbel, are used to create these accounts.