Agricultural output subsidies in Italy have shown significant volatility from 2013 to 2023. Starting at €194.1 million in 2013, there was a sharp decline by 30.04% in 2014, followed by smaller fluctuations over the next years. A notable spike of 36.3% occurred in 2016, but overall there was a downward trend, culminating in a 14.92% decline in 2023 to €116.83 million. The last five years have seen an average annual decrease (CAGR) of -3.89%.
Looking ahead, projected subsidies from 2024 onwards show a dramatic downward trend, with an annual decline rate of -28.94% over the next five years. By 2028, subsidies are estimated to plummet to €17.5 million, marking an overall decline of 81.88% from current levels.
Future trends to watch for:
- Potential changes in EU agricultural policies that could alter subsidy levels.
- Economic conditions impacting the Italian government’s ability to fund agricultural subsidies.
- Shifts in agricultural technology and productivity affecting the need for subsidies.