Austria: Legal wrangling over use of land

Article Abstract:

Following the refusal by the Austrian province of Vorarlberg to allow Liechtenstein to purchase 43,500 of agricultural land, legal experts are grappling with the issue of whether agricultural land should remain agricultural. Although EU rules state that there should not be restrictions on the buying and selling of land between member states of the European Economic Region, in Austria whether to buy or sell land is considered a matter for the provinces, and in Vorarlberg there is a ruling that agricultural land should remain agricultural.

International economic relations, Liechtenstein

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AUSTRIA: FARM INCOME CONTINUES TO FALL

Article Abstract:

Wifo, the Austrian Institute for Economic Forecasting, reports that in 1998 the incomes of Austrian farmers declined 3.8% to Sch 31.9bn despite an above-average increase in agricultural and forestry production, which grew 2.8%. This is the steepest increase since 1990. Subsidies to the agriculture decreased by Sch 1.6bn to Sch 18.7bn, and the prices of agricultural produce fell 4.3%, mainly due to the fall of pig prices . The fall of agricultural employment, at 2.4%, was the lowest since the mid-1980s.

Labor force information, Forecasts, trends, outlooks, Commodity & service prices, Hogs, Hog and Pig Farming, Swine

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Zehn Prozent Pr mien weg

Article Abstract:

Natural catastrophes caused damage worth about Sch 2.3bn to Austrian agriculture. Damage by hail is estimated at more than Sch 1bn. Insurance covered only about half the damage, and insurers had a claims ratio of 97%. Premiums from hail insurance amount to about Sch 500mn annually. Hailstorms at the end of May/beginning of June 1998 are estimated to have caused damage worth Sch 60mn, of which about Sch 55mn is covered by insurance.

Comment:

Austria: Natural catastrophes cause damage worth about Sch 2.3bil to country's agriculture

Natural resources, Article

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