Publication - Statistics

Economic Report on Scottish Agriculture 2011 Edition

Published: 15 June 2011
ISBN: 9781780452111

Invalid description field:Agriculture

Table A15 Major Economic Indicators of Scottish Agriculture, 2001 to 2010

*£ millions*	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
Current Prices
A. Net Value Added
at Factor Cost ⁽¹⁾	687	706	833	842	846	992	1,092	1,012	932	1,041
B. Returns to all Labour ⁽²⁾	578	606	729	729	720	862	948	883	847	959
C. TIFF⁽³⁾	334	366	482	473	446	587	665	581	496	618
Stockchange due to Volume in Outputs	13	0	-10	19	-22	50	-41	-4	6	-43
Stockchange due to Volume in Inputs	0	2	-3	-1	1	-1	-3	6	-1	-1
Capital Formation in Livestock	70	67	90	74	82	57	64	51	71	70
minus Consumption of Capital in Livestock	74	74	81	86	85	67	74	70	70	79
D. Sub Total	10	-5	-4	6	-23	40	-53	-16	6	-53
E. Adjusted TIFF⁽⁵⁾ (C-D)	324	371	486	467	470	546	718	597	490	671
Depreciation	227	228	222	218	219	220	221	225	236	233
Capital Grants	200	16	17	13	12	20	23	25	25	28
Change in Borrowings	10	-16	-55	63	-16	3	-157	14	163	209
F. Sub Total	437	228	184	294	214	243	87	264	424	469
G. Capital Investment ⁽⁶⁾	141	185	150	185	170	193	184	235	220	270
H. Cash Available (E+F-G)	621	413	520	576	514	596	620	627	694	870
Annual Work Units of Entrepreneurial Labour ⁽⁴⁾	30,373	29,764	29,440	29,220	28,901	28,348	27,693	26,352	27,030	27,364
TIFF per AWU (£)	10,995	12,296	16,367	16,202	15,441	20,695	24,021	22,047	18,357	22,590
Real Terms
Net Value Added at Factor Cost	675	682	783	768	750	853	900	803	743	793
TIFF	328	354	453	432	396	504	548	461	395	471
Cash Flow	610	400	489	525	456	513	511	497	553	663
TIFF per AWU (£)	10,805	11,884	15,374	14,779	13,696	17,791	19,801	17,479	14,629	17,213
Indices 2000 =100
Net Value Added at Factor Cost	114	115	132	130	127	144	152	136	126	134
TIFF	136	147	188	179	164	209	228	191	164	196
Cash Flow	206	135	165	177	154	173	173	168	187	224
TIFF per AWU (£)	138	152	196	189	175	227	253	223	187	220

(1) Net Value Added at Factor Cost (formerly known as Net Product) is a measure of the value added by the agricultural industry to all goods and services from outside agriculture after provision has been made for depreciation.
(2) Represents Net Value Added at Factor Cost less Rent and Interest payments and so is equivalent to the total returns to labour inputs.
(3) TIFF (Total Income From Farming) represents the return, to all those with an entrepreneurial interest in agricultural production, for their labour, management skills and own capital invested after providing for depreciation.
(4) The total volume of labour provided by those with an entrepreneurial interest in terms of full-time equivalents.
(5) After adjustments for input and output stock changes due to volume (including breeding livestock). Adjustments are also made to convert the effect of subsidies included within the calculation of TIFF from an accruals to a cash paid basis.
(6) The value of work carried out by entrepreneurial labour in the creation of new capital is deducted from the total value of capital investment.
(7) Deflated by the Retail Price Index 2000 = 100.

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