Scottish farm business income: annual estimates 2017-2018
This analysis is based on the March 2019 published statistics for the period 2017-2018. Revisions have been made to correct for a processing error affecting these estimates. Revised 2017-18 data is available in the Scottish farm business income: annual estimates 2018-19 publication. For the most recent data, visit the Scottish farm business income (FBI) collection page below.
Glossary
Debt ratio – can explain how much of a businesses assets are financed by debt
Diversified activities – non-agricultural activities that use farm resources
Farm Business Income (FBI) – the total income available to all unpaid labour and their capital invested in the business. Income from diversified activities are included in overall FBI
Farm types – farms are classified based on the how much of their standard output is from the crop and livestock enterprises on each farm
Less Favoured Area (LFA) – land where farming is more difficult due to natural constraints, such as hills and soil quality
Minimum Agricultural Wage (MAW) – is set by the Scottish Agricultural Wages Board each year. For this analysis an average MAW is used to cover the years included in the Farm Business Survey
Off-farm income – income from activities not related to the farm business or farm diversification, such as a income from another family member’s employment
Standard output – estimated worth of crops and livestock
Contact
Email: agric.stats@gov.scot
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