purchase prices

Serbia debates reintroduction of guaranteed prices to support farmers amid rising production costs

Farmers in Serbia have long complained that the purchase prices for key crops, especially cereals like wheat, do not cover production costs, leaving them with little or no profit. Recently, the Cooperative Association of Vojvodina proposed to authorities the introduction of so-called guaranteed or protective prices for wheat and other strategic agricultural products to support farmers. According to their calculations, the cost of producing one kilogram of wheat this year is about 26.04 dinars, while current purchase prices hover around…