Listen
Farm borrowing statistics
09/08/2007
Farm borrowing statistics based on information collected from banks and mortgage companies operating in Scotland were published today.
At the end of May 2007 advances to the Scottish agricultural industry were estimated to be £1,419 million. This represents an increase before inflation of £97 million (7.4 per cent) on the 2006 figure. In real terms the level of borrowing has increased by 4.2percent.
The figures include advances to agricultural contractors and livestock salesmen. Advances to farmers account for 96.5 per cent of the total. Some 87.5 per cent of the advances to agriculture are to owner-occupiers.
Bank Advances To Scottish Agriculture as at May 31
| Advances (£m) | Index May 2007 = 100 |
May | Current | Real | Current | Real |
1980 | 518 | 1,584 | 37 | 112 |
1981 | 616 | 1,688 | 43 | 119 |
1982 | 665 | 1,661 | 47 | 117 |
1983 | 741 | 1,787 | 52 | 126 |
1984 | 824 | 1,890 | 58 | 133 |
1985 | 886 | 1,898 | 62 | 134 |
1986 | 970 | 2,022 | 68 | 143 |
1987 | 958 | 1,920 | 68 | 135 |
1988 | 927 | 1,782 | 65 | 126 |
1989 | 911 | 1,617 | 64 | 114 |
1990 | 890 | 1,440 | 63 | 101 |
1991 | 886 | 1,355 | 62 | 95 |
1992 | 896 | 1,313 | 63 | 92 |
1993 | 870 | 1,259 | 61 | 89 |
1994 | 895 | 1,261 | 63 | 89 |
1995 | 896 | 1,222 | 63 | 86 |
1996 | 942 | 1,258 | 66 | 89 |
1997 | 968 | 1,259 | 68 | 89 |
1998 | 1,066 | 1,330 | 75 | 94 |
1999 | 1,058 | 1,304 | 75 | 92 |
2000 | 1,189 | 1,421 | 84 | 100 |
2001 | 1,213 | 1,422 | 86 | 100 |
2002 | 1,234 | 1,429 | 87 | 101 |
2003 | 1,300 | 1,463 | 92 | 103 |
2004 | 1,283 | 1,402 | 90 | 99 |
2005 | 1,298 | 1,380 | 91 | 97 |
2006 | 1,322 | 1,362 | 93 | 96 |
2007 | 1,419 | 1,419 | 100 | 100 |
Bank Advances By Sector as at May 31
| Farmers | Agricultural | Livestock | |
May | Occupiers | Tenants | Total1 | Contractors | 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% |
2007 | 87.5% | 8.9% | 96.5% | 3.0% | 0.5% | 100.0% |