Article 1U.K.
1.To meet the needs of the common agricultural policy, a Community network for the collection of farm accountancy data is set up (hereinafter referred to as the ‘data network’).
2.The purpose of the data network shall be to collect the accountancy data needed for, in particular:
(a)an annual determination of incomes on agricultural holdings coming within the field of the survey defined in Article 5; and
(b)a business analysis of agricultural holdings.
3.The data obtained pursuant to this Regulation shall, in particular, serve as the basis for the drawing up of reports by the Commission on the situation of agriculture and of agricultural markets as well as on farm incomes in the Community. The reports shall be submitted annually to the European Parliament and the Council, in particular for the annual fixing of prices of agricultural produce.