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Statistics

Farm incomes

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  • Release date: 13 December 2017
  • Period covered: 2016-17
  • Next update: March 2018
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.

These figures represent the results of the Wales Farm Business Survey for 2016-17.

The report also includes:

  • 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.

Key points

Dairy farms: Average income varied greatly in the past five years. A small fall in 2016-17 was preceded by a much larger fall from 2014-15 to 2015-16. Cattle and sheep (Less Favoured Area) farms: Average income was marginally higher than any year since 2011-12. Cattle and sheep (lowland) farms: Despite the increase in 2016-17, average income remains below levels seen during 2008-09 to 2014-15. Source: Farm Business Survey, Welsh Government

Updates during 2018

Forecasts of farm incomes for 2017-18 are due to be published in March 2018. Final results for 2017-18 are expected to be published at the end of 2018.

Contact

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

Media
Tel: 0300 025 8099

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