Publication - Statistics

Economic Report on Scottish Agriculture 2011 Edition

Published: 15 June 2011
ISBN: 9781780452111

Invalid description field:Agriculture

APPENDIX OF TABLES AND CHARTS

Table B6(a) Average opening and closing balance sheets by tenure and type of farm, 2009/10: Owner-occupied Farms

Type of farm	LFA: Specialist sheep		LFA: Specialist beef		LFA: Cattle and sheep		Cereals
Number of farms in sample	25		50		20		33
	Valuation		Valuation		Valuation		Valuation
	Opening	Closing	Opening	Closing	Opening	Closing	Opening	Closing
Assets	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm
Land and buildings etc ⁽¹⁾	429,510	493,951	502,174	536,848	644,972	715,972	1,100,298	1,209,781
Other fixed assets ⁽²⁾	49,486	56,669	115,314	134,657	133,698	152,098	112,339	125,878
Current assets ⁽³⁾	87,364	72,423	188,293	178,809	174,801	173,828	275,331	248,928
Total assets	566,360	623,043	805,780	850,314	953,471	1,041,897	1,487,969	1,584,587
Liabilities
Bank loans	5,709	4,951	26,842	26,049	47,418	69,394	16,240	15,524
Other long and medium term loans ⁽⁴⁾	8,598	8,371	9,218	7,984	3,616	3,723	26,734	26,376
Bank overdraft	18,692	15,894	35,752	33,578	43,669	34,520	31,153	43,625
Other short term loans ⁽⁵⁾	9,159	8,476	15,056	16,814	19,520	25,174	39,089	34,832
Total external liabilities	42,158	37,692	86,868	84,424	114,223	132,812	113,216	120,357
(of which total bank borrowing)	(24,401)	(20,845)	(62,594)	(59,627)	(91,087)	(103,915)	(47,393)	(59,149)
Net worth	524,202	585,351	718,912	765,890	839,248	909,085	1,374,753	1,464,230
Total external liabilities as a percentage of total assets	7	6	11	10	12	13	8	8
Type of farm	General cropping		Dairy		Mixed		All farm types ⁽⁶⁾
Number of farms in sample	23		33		31		222
	Valuation		Valuation		Valuation		Valuation
	Opening	Closing	Opening	Closing	Opening	Closing	Opening	Closing
Assets	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm	£/farm
Land and buildings etc ⁽¹⁾	1,347,120	1,436,125	825,762	930,481	669,201	709,589	777,234	846,705
Other fixed assets ⁽²⁾	147,226	163,427	208,742	231,537	123,557	142,005	126,271	143,126
Current assets ⁽³⁾	270,059	218,070	281,119	278,858	247,999	232,086	221,992	203,026
Total assets	1,764,405	1,817,622	1,315,623	1,440,876	1,040,756	1,083,680	1,125,578	1,192,857
Liabilities
Bank loans	44,313	72,709	28,534	41,433	9,664	13,568	26,191	33,740
Other long and medium term loans ⁽⁴⁾	19,853	19,902	52,992	51,922	8,896	9,485	19,168	18,701
Bank overdraft	27,782	30,905	48,811	48,671	60,848	61,561	36,933	38,101
Other short term loans ⁽⁵⁾	30,960	27,924	40,571	43,477	22,001	20,891	24,160	24,679
Total external liabilities	122,908	151,440	170,908	185,503	101,409	105,506	106,452	115,221
(of which total bank borrowing)	(72,095)	(103,614)	(77,346)	(90,103)	(70,512)	(75,129)	(63,124)	(71,842)
Net worth	1,641,497	1,666,182	1,144,715	1,255,373	939,347	978,174	1,019,126	1,077,635
Total external liabilities as a percentage of total assets	7	8	13	13	10	10	9	10

(1) Land and buildings, improvements and fixed equipment.
(2) Machinery, equipment and vehicles, and breeding livestock.
(3) Physical working assets such as trading livestock, harvested and growing crops, purchased stores and liquid assets such as sundry debtors.
(4) Loans by the Scottish Agricultural Securities Corporation, insurance companies and building societies and also family loans.
(5) Outstanding capital debt for machinery and equipment being acquired under hire purchase or finance leasing arrangements, and also sundry creditors and receipts in advance.
(6) Includes Lowground Cattle & Sheep farms not identified separately above.

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APPENDIX OF TABLES AND CHARTS

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