High Level Summary of Statistics Trend Last update: January, 2013
Total Income From Farming
Last updated: January 2013
In real terms, once inflation has been accounted for, TIFF almost tripled between 1990 and 1995. The fall from 1995 to 1998 was primarily due to a strong pound, weak world commodity prices and the impact of BSE. This was followed by the outbreak of Foot and Mouth Disease in 2001. Since 1998, TIFF has doubled, recovering to 60 per cent of the 1995 peak. High inflation in the mid 1970s resulted in high TIFF values in real terms
Total Income from Farming (TIFF) increased by £58 million to £746 million between 2010 and 2011. This is an increase of eight per cent before inflation is accounted for and an increase of three per cent in real terms. Initial estimates suggest that TIFF has fallen by £111 million to £635 million in 2012, a 15 per cent fall before inflation is accounted for, or 19 per cent in real terms.
Within TIFF, outputs increased by £310 million (twelve per cent) from £2.49 billion in 2010 to £2.80 billion in 2011, but reduced by £20 million (one per cent) to an estimated £2.78 billion in 2012. Costs rose £252 million (ten per cent) from £2.41 billion in 2010 to £2.66 billion in 2011, and by an estimated £46 million (two per cent) to £2.71 billion in 2012.
The size of payments and subsidies are mainly dependent upon the euro exchange rate applied to EC farm payments. The total figure decreased only marginally in 2011, but fell by £45 million (eight per cent) from £602 million in 2011 to £557 million in 2012.
The main contributors to changes between 2010 and 2011 were the output value of barley increased by £80 million the output value of finished cattle and calves increased by £57 million the input cost of feedstuffs increased by £66 million.
Source: 2013 Scottish Farm Income Estimates, Scottish Government Rural and Environment Science and Analytical Services Directorate