In the third quarter of 2024, 241 companies in the agricultural sector (hunting, fishing, forestry, cultivation and livestock) were placed in safeguard procedure, in recovery or in liquidation, according to the latest figures published by the Altares firm, on October 15, 2024 This is 33.9% more than over the same period in 2023. 111 are in liquidation (+19%), 122 in receivership (+45%) and 8 are in safeguard proceedings (more than twice). more).
In total, since the start of 2024, 920 agricultural and forestry companies have entered into the procedure, compared to 758 for the same period last year, an increase of 20%. In total, 2023 saw 1,288 farms placed in procedure. A figure which has been constantly increasing since 2020, but which has not returned to the level of 2019 which reached a total of 1,369.
Very small businesses affected
At the national level, all sectors combined, insolvencies increase by 20.1% in the third quarter of 2024, according to Altares figures. It is especially very small structures that are affected. 86% of them have fewer than five employees.
For very small businesses in the agricultural sector, 128 crop farms are in default, i.e. 45.5% more than the same period in 2023, and 71 livestock farms, i.e. 29.1% more, and 42 companies in the hunting, fishing and forestry sector (+13.5%). The Altares firm underlines the “fragility” of the sector and specifies that the sharp increase in crop failures is linked to an increase in procedures in the Bordeaux wine sector (38 defects, or +81% compared to the third quarter of 2023). ).
Business failure corresponds to the opening of a safeguard, receivership or direct liquidation procedure before a commercial or judicial court.
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