Farm Business Income

Published 25 September 18

Latest UK dairy farm business income statistics by region as reported by Defra.

England, Wales and Northern Ireland results from 2013/14 onwards derived from 2010 standard output coefficients. Scotland data is derived from 2007 standard output coefficients for all years to 2014/15 before switching to 2010 standard output co-efficients.  

For further details please see the 'Agriculture in the UK' report from Defra here

 

Accounting Year a England Wales Scotland Northern Ireland
  £ Per Farm
2003-04 30500 25700   23800
2004-05 33000 28500   24900
2005-06 33500 30600   28700
2006-07 31000 30500 47366 27261
2007-08 55000 51300 69602 58737
2008-09 69500 49700 78446 37520
2009-10 59000 47500 80000 20000
2010-11 66000 57500 78000 51500
2011-12 86500 68000 82000 58000
2012-13 52500 45000 45500 28000
2013-14 88000 77000 78000 61500
2014-15 84000 70000 69000 45500
2015-16 44000 33000 1500 12000
2016-17 50000 31500 34500 23500
2017-18* 99000 65000   78500

 

a Accounting years ending on average in February

*Provisional. 

Data shown is average farm business income at current prices

 

 Farm Business Income

  

Source: DEFRA, SEERAD, Welsh Government, DARD

* Provisional

Farm Business Income equals
Total output from agriculture (includes crop and livestock valuation change) plus
Total output from agri-environment schemes plus
Total output from diversification plus
Single payment scheme less
Expenditure (costs, overheads, fuel, repairs, rent, depreciation, paid labour) plus
Profit/(loss) on sale of fixed assets