Farm Income Estimates 2010

27th January 2011

Scotland's Chief Statistician today published Scottish Farm Income Estimates 2010, containing the first release of aggregate Total Income From Farming (TIFF) estimates for 2010 and average Farm Business Income (FBI) estimates for 2009-10, along with revisions for previous years.

Main findings:

Total Income From Farming (TIFF) increased by £122 million to £618 million between 2009 and 2010. This represents a rise of 25 per cent before inflation is accounted for and a rise of 18 per cent in real terms

TIFF for 2009 has been revised down by £93 million (16 per cent) to £496 million and for 2008 has been revised down by £28 million (5 per cent) to £581 million. The revised trend in TIFF between 2008 and 2009 now shows a decrease of £85 million (15 per cent) before inflation

Average Farm Business Income (FBI) in 2009-10 was £34,400 a decrease of £4,900 (12 per cent) from 2008-09. Trends in FBI between 2008-09 and 2009-10 are most closely related to trends in TIFF between 2008 and 2009, which fell by 15 per cent
There were decreases in FBI between 2008-09 and 2009-10 for the following farm types:

- General Cropping down £42,500 to £18,300

- Cereals down £25,100 to £16,700

- Dairy down £19,700 to £58,700

- Mixed Farms down £5,100 to £40,200
FBI for all of the livestock farm types increased in 2009-10:

- Cattle & Sheep LFA up £16,500 to £44,400

- Specialist Sheep LFA up £13,600 to £29,900

- Specialist Beef LFA up £11,400 to £38,300

- Lowground Cattle & Sheep up £6,300 to £30,300

Thje full report can be found at http://www.scotland.gov.uk/Publications/2011/01/27082045/0