Scottish farm business income: annual estimates 2013-2014

Introduction

Source: Table 1

Source: Table 5

This publication, released today by Scotland's Chief Statistician, contains farm business level estimates of average incomes for the accounting year 2013-14, relating to the 2013 crop year. Other financial indicators are also presented.

In 2013-14 the average Farm Business Income (FBI) was £31,000, the lowest level in the last 5 years. This has remained largely unchanged from the previous year; down two per cent (£600) and down 25 per cent (£10,000) over five years. When FBI is calculated without the addition of grants and subsidies, the value falls to -£16,000.

From the farm accounts sample two in five farms (43 per cent) generated income roughly equivalent to less than the minimum agricultural wage, per hour of unpaid labour. This includes the one in five farm businesses that made a loss.