The net value added at factor cost measures the remuneration of all factors of production (labour, land and capital) and may be referred to as “the real income of factors in agriculture” (here: agricultural income). According to Eurostat, this is Indicator A: Index of the real income of factors in agriculture per annual work unit (AWU).
In this news release, the figures on factor income have been adjusted for inflation.
The definition of income in the agricultural accounts differs slightly from that in the Agricultural Income Index (estimates), a concurrent publication by Wageningen Economic Research.