Economic Report on Scottish Agriculture 2015

8.5 Farm Business Income

Chart 8.6 shows the estimated average Farm Business Income for 2012-13 and 2013-14 for UK nations. The highest average value for 2013-14 (i.e. the 2013 crop year) was in England at £43,100, with Scotland at £30,500 just above Northern Ireland at £29,600 and Wales at £29,300.

While Scotland’s average farm business income estimates have remained largely unchanged (down one per cent on 2012-13), incomes in England saw a larger decline (down four per cent). In comparison, average farm business income is estimated to have risen in both Northern Ireland and Wales over the period, by 53 per cent and ten per cent respectively. It should be noted that while survey methodologies are harmonised across the UK the coverage of surveys in each country differs. For example, in England the Farm Business Survey includes results from horticulture, pigs and poultry farms. More information on UK surveys is available from the respective departments^[16].

Chart 8.6 Farm Business Income by UK country: 2012-13 and 2013-14