This item was published during the term of a previous administration that ended in April 2007
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Rise in forecast farm incomes welcomed
29/01/2004
Deputy Rural Development Minister Allan Wilson today
welcomed a forecast rise of 29 per cent in Total Income
From Farming in Scotland for 2003.
Figures published by the Scottish Executive today also
show a predicted rise in income at the farm level. Average
Net Farm Income is estimated at £17,000 for 2003/4, which
is up on the 2002/3 figure of £7,000.
Commenting on the 2003 farm income forecasts Mr Wilson
said:
"The predicted rise in agricultural incomes in 2003
highlights increased prices and yields in the cereals
sector along with continued improvements in the value of
cattle and sheep.
"At £471m Total Income From Farming is at its highest
level since 1996, and represents a rise of £106m for the
agricultural industry as a whole since 2002
"We are determined to continue work on the Forward
Strategy for Scottish Agriculture and use the opportunities
associated with reform of the Common Agricultural Policy to
improve quality and meet the expectations of consumers to
ensure a secure basis for a profitable farming industry in
Scotland."