This item was published during the term of a previous administration that ended in April 2007
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Farm borrowing
03/08/2006
Farm borrowing statistics based on information collected from banks and mortgage companies operating in Scotland were pubished today.
At the end of May 2006, advances to the Scottish agricultural industry were estimated to be £1,322 million. This represents an increase before inflation of £24 million (1.8 per cent) on the 2005 figure. In real terms the level of borrowing has remained similar in 2006.
The figures include advances to agricultural contractors and livestock salesmen. However, advances to farmers account for 96.4 per cent of the total. Some 86.5 per cent of the advances to agriculture are to owner-occupiers.
Bank Advances To Scottish Agriculture as at May 31, 2006
Advances (£m) Index May 2004 = 100
May | Current | Real | Current | Real |
1980 | 518 | 1,449 | 40 | 113 |
1981 | 616 | 1,544 | 48 | 120 |
1982 | 665 | 1,520 | 52 | 119 |
1983 | 741 | 1,635 | 58 | 127 |
1984 | 824 | 1,729 | 64 | 135 |
1985 | 886 | 1,737 | 69 | 135 |
1986 | 970 | 1,850 | 76 | 144 |
1987 | 958 | 1,756 | 75 | 137 |
1988 | 927 | 1,630 | 72 | 127 |
1989 | 911 | 1,480 | 71 | 115 |
1990 | 890 | 1,317 | 69 | 103 |
1991 | 886 | 1,239 | 69 | 97 |
1992 | 896 | 1,201 | 70 | 94 |
1993 | 870 | 1,151 | 68 | 90 |
1994 | 895 | 1,154 | 70 | 90 |
1995 | 896 | 1,118 | 70 | 87 |
1996 | 942 | 1,151 | 73 | 90 |
1997 | 968 | 1,152 | 75 | 90 |
1998 | 1,066 | 1,217 | 83 | 95 |
1999 | 1,058 | 1,193 | 82 | 93 |
2000 | 1,189 | 1,300 | 93 | 101 |
2001 | 1,213 | 1,300 | 95 | 101 |
2002 | 1,234 | 1,307 | 96 | 102 |
2003 | 1,300 | 1,338 | 101 | 104 |
2004 | 1,283 | 1,283 | 100 | 100 |
2005 | 1,298 | 1,263 | 101 | 98 |
2006 | 1,322 | 1,260 | 103 | 98 |
Bank Advances By Sector as at May 31, 2006
May | Farmers -
Occupiers | Farmers -Tenants | Farmers - Total* | Agricultural
Contractors | Livestock
Salesmen | Total |
1980 | 80.8% | 15.1% | 95.8% | 1.5% | 2.7% | 100.0% |
1981 | 82.3% | 15.0% | 97.3% | 1.0% | 1.7% | 100.0% |
1982 | 81.3% | 14.9% | 96.2% | 1.2% | 2.7% | 100.0% |
1983 | 82.4% | 14.5% | 96.9% | 1.0% | 2.1% | 100.0% |
1984 | 82.5% | 14.6% | 97.0% | 1.0% | 2.0% | 100.0% |
1985 | 82.3% | 14.4% | 96.7% | 1.4% | 1.9% | 100.0% |
1986 | 82.2% | 15.1% | 97.3% | 1.5% | 1.2% | 100.0% |
1987 | 82.5% | 15.2% | 97.7% | 1.3% | 1.0% | 100.0% |
1988 | 82.6% | 15.1% | 97.7% | 1.2% | 1.0% | 100.0% |
1989 | 82.6% | 14.7% | 97.3% | 1.5% | 1.2% | 100.0% |
1990 | 82.2% | 14.9% | 97.1% | 1.2% | 1.7% | 100.0% |
1991 | 82.2% | 14.6% | 96.8% | 1.5% | 1.7% | 100.0% |
1992 | 83.0% | 13.9% | 96.9% | 1.7% | 1.4% | 100.0% |
1993 | 83.5% | 13.3% | 96.8% | 2.1% | 1.1% | 100.0% |
1994 | 84.0% | 13.1% | 97.0% | 1.9% | 1.1% | 100.0% |
1995 | 84.1% | 12.7% | 96.8% | 2.0% | 1.2% | 100.0% |
1996 | 84.2% | 12.3% | 96.4% | 1.5% | 2.0% | 100.0% |
1997 | 83.9% | 13.3% | 97.2% | 1.3% | 1.4% | 100.0% |
1998 | 82.7% | 14.2% | 96.8% | 1.2% | 2.0% | 100.0% |
1999 | 83.2% | 13.4% | 96.6% | 1.4% | 2.0% | 100.0% |
2000 | 81.9% | 13.1% | 95.0% | 2.7% | 2.2% | 100.0% |
2001 | 84.1% | 10.5% | 94.6% | 2.9% | 2.5% | 100.0% |
2002 | 86.4% | 10.1% | 96.5% | 2.7% | 0.8% | 100.0% |
2003 | 86.1% | 9.7% | 95.8% | 3.6% | 0.6% | 100.0% |
2004 | 86.8% | 9.6% | 96.4% | 3.2% | 0.4% | 100.0% |
2005 | 86.8% | 9.7% | 96.6% | 3.0% | 0.4% | 100.0% |
2006 | 86.5% | 9.9% | 96.4% | 3.2% | 0.4% | 100.0% |
*Sum of constituents parts may not equal 100% due to rounding
