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Farm incomes

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  • Release date: 22 March 2018
  • Period covered: 2017-18
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, 2017-18

Release date: 22 March 2018

The forecasts give a broad indication of how farm incomes are expected to move since 2016-17, and are subject to a margin of error.

The 2016-17 release includes final figures for 2016-17, and greater analysis. Final figures for 2017-18 are provisionally due to be published in December 2018.

The figures must be seen in the context of longer term trends in farm incomes, particularly for dairy farms.

Key points

Dairy farms: There is a large increase expected in 2017-18. However, average income on dairy farms is expected to remain below the levels seen in 2013-14 and 2014-15. Cattle and sheep (Less Favoured Area) farms: Average income is forecast to be higher than any year since 2011-12. Cattle and sheep (lowland) farms: Although there is forecast to be an increase in 2017-18, average income is expected to remain below levels seen during 2008-09 to 2014-15. Following two years when Total Income from Farming was particularly low, the 2017 forecast is more in line with the figure seen in 2014. Source: Welsh Government

Farm incomes, 2016-17

Release date: 13 December 2017

Contains final figures from the 2016-17 Wales Farm Business Survey and greater analysis, including:

  • a new separate infographic (on the right of this page)
  • components of income and output, including subsidy and new analysis of diversification
  • factors affecting farm incomes, including weather and commodity prices
  • farm assets, liabilities and net worth
  • additional tables with detailed breakdowns of output and cost, trends in three different measures of farm income, and farm assets, liabilities and net worth.

Contact

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

Media
Tel: 0300 025 8099

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