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Scottish Farm Income Estimates 2011-12
31/01/2013
Scotland's Chief Statistician today published the latest estimates for farm incomes in Scotland.
This publication contains near-final estimates of Total Income From Farming (TIFF) for 2011, an initial estimate of 2012 TIFF, and average Farm Business Income (FBI) estimates for 2011-12, along with revisions for previous years.
Main findings:
- Total Income From Farming (TIFF) increased by £58 million to £746 million between 2010 and 2011. This represents a rise of eight per cent before inflation is accounted for or three per cent in real terms
- Initial estimates suggest TIFF fell £111 million or 15 per cent (19 per cent in real terms) in 2012
- The value of Outputs in 2011 increased by £310 million or twelve per cent (mainly barley and finished cattle)
- Within these figures the estimated value of Outputs in 2012 fell by £20 million or one per cent, mainly due to poor yields affecting the harvest
- In 2011, input costs rose by £219 million or 13 per cent. The estimated value of Input costs in 2012 has risen by £44 million or two per cent
- Changes in the exchange rates resulted in a £45 million fall in farm subsidy payments in 2012
- Average Farm Business Income (FBI) in 2011-12 was £45,000, a decrease of £1,000 (3 per cent) from 2010-11.
There were decreases in FBI between 2010-11 and 2011-12 for the following farm types:
- Cereals (down £2,000 to £50,000)
- General Cropping (down £20,000 to £50,000)
- Lowland Cattle and Sheep (down £7,000 to £24,000)
FBI remained virtually unchanged for:
- Specialist Sheep LFA at around £29,000
FBI for all other farm types increased in 2011-12
- Specialist Beef LFA (up £4,000 to £37,000)
- Cattle & Sheep LFA (up £1,000 to £43,000)
- Dairy (up £6,000 to £79,000)
- Mixed farms (up £1,000 to £48,000)
Related information
Scottish Farm Income Estimates 2012
Further information on Agriculture, Fisheries and Rural statistics in Scotland
Information on the standards of official statistics in Scotland