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Statistics

Farm incomes

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  • Release date: 26 February 2015
  • Period covered: 2014-15 (forecasts)
  • Next update: November 2014
A 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 from £29,300 in 2013-14 to £22,200 in 2014-15, a decline of around 24%.
  • For dairy farms, average farm business income is forecast to decrease by around 23 per cent to £59,300.
  • Average farm business income on Cattle and Sheep (LFA) farms is forecast to decrease by 22 per cent to £15,000, and on Cattle and Sheep (Lowland) farms to decrease from £28,600 to £23,100.
  • Average net farm income for ‘All Farm Types’ is forecast to decline by around 37% between 2013-14 and 2014-15, to £11,200.

Contact

Phone: 029 2082 5051
Email: stats.agric@wales.gsi.gov.uk