High Level Summary of Statistics Trend Last update: Thursday, May 07, 2009
Total Income From Farming
Between 1990 and 1995 Scottish aggregate farm incomes in real terms almost tripled to reach a historically high level in 1995.
Compared to the mid 1990s aggregate farm incomes remain relatively low. The fall from 1995-98 was primarily due to a strong pound, weak world commodity prices and the impact of BSE (Bovine Spongiform Encephalopathy) and then Foot and Mouth Disease. Since 1998, in real terms, Total Income from Farming ( TIFF) has recovered to two-thirds of the 1995 peak.
TIFF figures for 2008 show aggregate incomes to have decreased by £11.9 million in 2008 to £629.6 million, a fall of 1.8 per cent over the previous year before inflation is taken into account. In real terms, this represents a fall of 5.6 per cent.
Whilst output values have increased by £187.3m between 2007 and 2008, input costs have also risen by £216.6m, mainly due to increases in the cost of animal feed (up by £69.9m), fertilisers and lime (up by £72.1m) and fuel and oil (up by £37.1m).
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Source: 2008 Scottish Total Income From Farming ( TIFF) estimates, Scottish Government Rural and Environment Research and Analysis Directorate.
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