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Statistics

Farm incomes

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  • Release date: 25 February 2016
  • Period covered: 2015-16
  • Next update: November 2016
An annual report which forecasts figures based on two different measures: Farm Business Income (FBI) and Net Farm Income.

Key points

  • Average farm business income across ‘all farm types’ is forecast to decrease by nearly £5,000 (or 16%) between 2014-15 and 2015-16, to £24,500.
  • For dairy farms, average farm business income is forecast to decrease by around £28,500 (or 40%) to £42,000.
  • Average farm business income on cattle and sheep (LFA) farms is forecast to decrease by around £1,000 (or 4%) to £22,500 and on cattle and sheep (lowland) farms to decrease by £2,000 (or 8%) to £25,500.
  • Average net farm income for ‘all farm types’ is forecast to decline by around £4,500 (or 25%) between 2014-15 and 2015-16, to £13,000.

Contact

Phone: 029 2037 0363
Email: stats.agric@wales.gsi.gov.uk

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