Economic Report on Scottish Agriculture: 2005 Edition

Table B8 Farm business fund flows and net profit by tenure and type of farm, 2002-03 and 2003-04: tenanted farms

Type of farm	LFA: Specialist sheep		LFA: Specialist beef		LFA: Cattle and sheep		Lowground Cattle and sheep
Number of farms in sample	12	10	35	33	30	26	1	2
	2002- 03	2003- 04	2002- 03	2003- 04	2002- 03	2003- 04	2002- 03	2003- 04
	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm
Net farm income excl. BLSA⁽¹⁾	12,365	12,173	21,108	22,330	19,947	27,528	"	"
plus inputs not involving cash outlay	7,508	5,589	9,698	14,028	12,362	11,098	"	"
minus interest	625	858	1,421	1,455	2,427	2,020	"	"
Cash income	19,249	16,903	29,385	34,903	29,882	36,606	"	"
minus net investment spending	4,015	3,613	14,792	11,140	13,832	15,133	"	"
Cash flow from farm business	15,234	13,290	14,593	23,763	16,050	21,473	"	"
plus net cash from non-farming sources	1,608	-933	7,698	1,776	8,297	3,561	"	"
plus increase in borrowing	-5,969	-596	-1,487	-4,029	-4,941	-3,070	"	"
Flow of funds	10,873	11,761	20,803	21,510	19,407	21,964	"	"
Net farm income excl. BLSA⁽¹⁾	12,365	12,173	21,108	22,330	19,947	27,528	"	"
plus imputed labour charges for partners and family	2,809	3,453	3,938	4,824	6,588	6,135	"	"
plus rental value	-	-	-	-	-	-	"	"
plus imputed rent on improvements	878	1,033	1,755	1,551	1,560	1,592	"	"
plus ownership income, etc.	84	123	235	139	134	201	"	"
minus interest	625	858	1,421	1,455	2,427	2,020	"	"
minus depreciation on tenant's improvements	1,154	1,370	1,885	1,851	1,837	1,988	"	"
minus ownership expenses	18	3	77	61	80	114	"	"
Net Profit	14,338	14,551	23,653	25,476	23,886	31,335	"	"

Type of farm	Cereals		General cropping		Dairy		Mixed
Number of farms in sample	23	24	17	15	42	39	29	27
	2002- 03	2003- 04	2002- 03	2003- 04	2002- 03	2003- 04	2002- 03	2003- 04
	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm
Net farm income excl. BLSA⁽¹⁾	2,701	17,640	8,337	26,381	10,147	21,356	3,537	16,837
plus inputs not involving cash outlay	38,739	38,068	39,899	36,317	47,526	42,752	29,608	20,173
minus interest	5,142	4,633	6,770	6,493	6,705	5,783	6,764	7,822
Cash income	36,297	51,075	41,466	56,205	50,967	58,325	26,381	29,188
minus net investment spending	26,550	14,493	6,684	10,747	37,145	35,819	14,800	15,301
Cash flow from farm business	9,747	36,582	34,782	45,459	13,822	22,506	11,581	13,887
plus net cash from non-farming sources	9,987	-5,423	10,915	17,487	6,579	35,124	11,316	4,888
plus increase in borrowing	8,808	-5,341	-17,790	-23,979	19,889	1,047	-4,040	3,609
Flow of funds	28,542	25,818	27,908	38,966	40,290	58,676	18,857	22,384
Net farm income excl. BLSA⁽¹⁾	2,701	17,640	8,337	26,381	10,147	21,356	3,537	16,837
plus imputed labour charges for partners and family	4,815	5,174	3,891	4,052	11,699	12,551	4,517	2,720
plus rental value	17,344	18,495	20,391	19,832	11,960	11,556	12,955	13,709
plus imputed rent on improvements	2,034	2,175	3,288	4,097	11,581	11,378	2,866	3,072
plus ownership income, etc.	9,549	9,730	298	631	340	275	480	730
minus interest	5,142	4,633	6,770	6,493	6,705	5,783	6,764	7,822
minus depreciation on tenant's improvements	-	-	45	-	-	-	-	-
minus ownership expenses	419	369	642	1,745	205	351	295	382
Net Profit	30,880	48,212	28,747	46,756	38,815	50,981	17,296	28,864

(1) BLSA: Breeding livestock appreciation.

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Economic Report on Scottish Agriculture: 2005 Edition