Publication - Statistics

Economic Report on Scottish Agriculture 2011 Edition

Published: 15 June 2011
ISBN: 9781780452111

Invalid description field:Agriculture

Table B6(b) Average opening and closing balance sheets by tenure and type of farm 2009/10: Tenanted Farms

Type of farm	Specialist sheep ( LFA)		Specialist beef ( LFA)		Cattle and sheep ( LFA)		Cereals
Number of farms in sample	8		33		19		14
	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⁾	63,504	63,893	16,969	16,652	26,092	25,244	11,809	11,209
Other fixed assets ⁽²⁾	68,553	80,833	104,297	124,719	128,900	145,201	77,023	85,035
Current assets ⁽³⁾	158,111	140,107	185,761	185,347	161,960	153,686	224,250	195,447
Total assets	290,168	284,832	307,028	326,718	316,953	324,131	313,081	291,691
Liabilities
Bank loans	2,677	2,677	1,012	8,048	242	0	6,953	5,912
Other long and medium term loans ⁽⁴⁾	15,131	15,131	1,531	2,259	3,681	3,491	1,090	1,090
Bank overdraft	237	0	15,223	14,482	15,084	17,022	21,395	21,270
Other short term loans ⁽⁵⁾	12,466	13,081	12,380	14,604	21,743	20,399	23,153	24,781
Total external liabilities	30,511	30,890	30,146	39,393	40,750	40,912	52,591	53,053
(of which total bank borrowing)	2,914	2,677	(16,236)	(22,530)	(15,326)	(17,022)	(28,348)	(27,182)
Net worth	259,657	253,943	276,881	287,325	276,203	283,219	260,490	238,639
Total external liabilities as a percentage of total assets	11	11	10	12	13	13	17	18
Type of farm	General cropping		Dairy		Mixed		All farm types ⁽⁶⁾
Number of farms in sample	7		5		16		106
	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⁾	20,221	28,847	47,586	56,678	8,638	10,305	29,513	30,948
Other fixed assets ⁽²⁾	162,892	192,333	175,420	194,677	113,170	122,385	109,548	125,828
Current assets ⁽³⁾	344,238	283,940	270,115	263,708	223,452	216,239	207,822	196,174
Total assets	527,350	505,120	493,120	515,063	345,260	348,929	346,882	352,950
Liabilities
Bank loans	11,481	11,481	11,555	10,276	0	447	3,850	4,964
Other long and medium term loans ⁽⁴⁾	4,614	5,797	7,886	31,995	0	745	5,400	7,124
Bank overdraft	14,858	21,449	30,177	45,960	25,168	26,992	15,304	16,951
Other short term loans ⁽⁵⁾	31,202	37,542	15,586	23,810	21,093	17,491	18,245	24,860
Total external liabilities	62,154	76,268	65,204	112,041	46,261	45,675	42,800	53,900
(of which total bank borrowing)	(26,339)	(32,929)	(41,731)	(56,236)	(25,168)	(27,439)	(19,154)	(21,915)
Net worth	465,196	428,852	427,916	403,022	298,999	303,254	304,082	299,051
Total external liabilities as a percentage of total assets	12	15	13	22	13	13	12	15

(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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