Total Income from Farming Estimates: 2018-2020

Introduction

Total Income from Farming (TIFF) is the official measure of the profit (income minus costs) gained by the agriculture industry in Scotland. It provides a breakdown of the value of farm production, subsidies and costs.

This publication contains initial estimates for 2020, revised estimates for 2019, and smaller revisions to previous years. Time series data are adjusted for inflation, unless otherwise stated.

A lot of the data used in calculating Total Income from Farming for 2020 will only become available during 2021, and some not until 2022. That is why we say these are only our initial estimates.

Main findings

Total Income from Farming has been relatively stable in recent years and has marginally changed since 2018.

Income increased slightly in 2020. Whilst outputs from farming rose, they did not increase as much as input costs.

The increase in costs was largely due to the increase in feed, labour and capital consumption.

Support payments made to farms, part of the EU's Common Agricultural Policy, decreased by two per cent in 2020. Support payments accounted for 63 per cent of profit from all farming.