Economic Report on Scottish Agriculture: 2005 Edition

Table B2 Average tenant's capital and net farm income, 2003-04

Type of farm	Average of opening and closing valuations							Net farm income
	Medium-term capital			Short-term (working) capital			Total
	Size of business⁽¹⁾	Breeding livestock	Machinery	Trading livestock	Crops	Other	Total
		£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm
LFA: Specialist sheep	Small	13,342	18,483	6,751	1,335	707	40,617	7,540
	Medium	27,213	18,036	6,011	921	1,024	53,206	7,889
	Large	49,046	25,769	18,065	871	1,750	95,501	16,328
	All sizes	24,386	20,348	9,641	1,164	1,019	56,558	9,894
LFA: Specialist beef	Small	31,561	27,864	25,130	4,440	1,903	90,898	9,399
	Medium	58,191	39,821	35,138	5,093	3,790	142,033	18,223
	Large	103,146	62,713	81,344	10,489	5,056	262,748	49,396
	All sizes	54,037	38,623	40,805	6,050	3,022	142,537	20,860
LFA: Cattle and sheep	Small	18,744	19,436	13,583	2,070	1,074	54,906	6,807
	Medium	39,732	28,441	23,511	2,897	1,745	96,326	20,005
	Large	84,368	45,575	46,596	6,388	4,026	186,953	32,531
	All sizes	52,961	33,155	30,709	4,244	2,575	123,644	20,912
Lowground Cattle and Sheep	Small	21,594	20,353	34,760	3,002	1,121	80,829	8,064
	Medium	69,094	37,572	69,995	6,716	5,504	188,881	22,804
	Large	59,786	76,748	117,579	3,538	9,830	267,481	54,845
	All sizes	34,543	32,913	54,438	3,561	3,274	128,729	18,539
Cereals	Small	1,355	57,447	11,647	21,334	9,535	101,318	10,303
	Medium	8,232	97,210	36,123	32,420	21,578	195,562	33,699
	Large	12,752	115,323	50,727	48,497	23,857	251,156	52,087
	All sizes	3,315	67,984	18,476	25,367	12,408	127,550	17,271
General cropping	Small	1,668	42,195	10,446	8,031	4,327	66,666	7,590
	Medium	10,831	53,359	16,570	22,084	10,086	112,930	20,020
	Large	19,523	150,264	31,658	51,455	27,492	280,392	58,771
	All sizes	9,640	81,253	18,929	25,711	13,398	148,931	27,571
Dairy	Small	22,592	22,049	21,131	1,994	2,300	70,066	-5,980
	Medium	42,501	44,245	38,841	7,244	3,986	136,817	26,369
	Large	79,684	62,225	61,432	9,395	7,663	220,399	30,222
	All sizes	61,492	51,424	49,484	7,689	5,909	175,998	23,507
Mixed	Small	15,557	31,425	35,569	10,011	3,700	96,262	9,672
	Medium	41,617	63,212	58,155	13,053	7,059	183,095	20,784
	Large	67,658	84,327	73,649	22,657	15,746	264,036	38,160
	All sizes	35,960	53,055	51,088	14,400	7,960	162,463	20,290
All farm types	Small	15,875	32,740	18,532	7,960	3,586	78,693	8,311
	Medium	37,536	47,407	32,901	10,792	6,358	134,993	20,952
	Large	69,747	70,372	55,670	16,083	9,802	221,675	38,314
	All sizes	36,396	46,998	32,585	10,982	5,999	132,960	19,836

(1) Defined in terms of total standard gross margin ( SGM average value 1998 to 2002).

1 SLR (Standard Labour Requirement) = 1900 SLRs.

The size groups are:	Small 0.5 < 2 SLRs;
	Medium 2<3 SLRs;
	Large 3+ SLRs

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Economic Report on Scottish Agriculture: 2005 Edition