Agriculture Payment Practices: Slight Improvement Observed - Average Score Rises by 1.6 Points

The Comparison

• 2022: Assessed across 76 companies, yielding an average payment score of 62.7 out of 100.
• 2023: Evaluated across 79 companies, resulting in an average payment score of 64.4 out of 100.

What This Means

While the agriculture sector demonstrates a positive trend in payment practices, the 1.6-point increase is a modest change, suggesting gradual, rather than radical, improvements in payment behaviour across the surveyed companies. This small uptick implies that the underlying issues causing payment delays persist, although with some amelioration. Understanding the impact of late payments is crucial - use this late payment calculator to assess the financial strain.

In summary: Agriculture's average payment score improved, moving from 62.7 (out of 100) in 2022 to 64.4 in 2023.