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Farm incomes

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  • Release date: 13 December 2017
  • Period covered: 2016-17
  • Next update: 22 March 2018
An annual report which includes figures for average farm business income, analysis of the variation around the average, and long term context.

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

The report also includes:

  • 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.

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.


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