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Farm incomes

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  • Release date: 23 March 2017
  • Period covered: Forecasts for 2016-17
Two annual reports: 1) final figures on farm incomes (with greater analysis, including assets, liabilities and net worth); and 2) forecasts of average farm business income.

Forecasts of farm incomes, 2016-17

Release date: 23 March 2017

The forecasts give a broad indication of how farm incomes are expected to move since 2015-16, and are subject to a margin of error.

The 2015-16 release includes final figures for 2015-16, and greater analysis. Final figures for 2016-17 are provisionally due to be published in November 2017.

Key points

Dairy farms: lower output (driven by a fall in milk prices) is expected to be partially offset by a higher basic farm payment (due to the weaker pound) and slightly lower input costs. Cattle and sheep (Less Favoured Area) farms: expected rise in average income largely driven by a higher basic farm payment (due to the weaker pound) and an increase in the value of output from the sheep enterprise. Cattle and sheep (lowland) farms: expected rise in average income for similar reasons as cattle & sheep (Less Favoured Area) farms, and also an increase in the value of output from the beef enterprise. (a) At current prices. Source: Welsh Government

Farm incomes, 2015-16

Release date: 08 December 2016

Contains final figures for 2015-16 and greater analysis, including:
  • variation around average incomes
  • components of income and output (including subsidy)
  • factors affecting farm incomes
  • farm assets, liabilities and net worth
  • additional tables with detailed breakdowns of output and cost, and trends in three different measures of farm income.

Contact

Statistician
Tel: 0300 025 0363
Email: stats.agric@wales.gsi.gov.uk

Media
Tel: 0300 025 8099

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