Information on agricultural output, Gross Value Added from agriculture and Total Income From Farming for 2018.
The 2018 forecast is still at a high level from 2017 following low Total Income from Farming in 2015 and 2016.
- The value of aggregate agricultural output (gross output) rose by £84 million (or 5%) to £1,677 million.
- Intermediate consumption (the goods and services consumed or used in the production process) increased by £97 million (or 9%) to £1,178 million. This is, in effect, an increase in costs.
- Gross Value Added (aggregate agricultural output, less intermediate consumption) fell by £12 million (or 2%) to £498 million.
- Total Income from Farming (TIFF) decreased by £43 million (or 12%) to £308 million.
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