Statistics

Farm incomes: April 2017 to March 2018 (forecast)

The forecasts give a broad indication of how farm incomes are expected to move and are subject to a margin of error for April 2017 to March 2018.

The figures must be seen in the context of longer term trends in farm incomes, particularly for dairy farms.

Main points

Forecasts for average farm business income in Wales in 2017-18, and change since 2016-17 (at current prices)" alt="Dairy farms: There is a large increase expected in 2017-18. However, average income on dairy farms is expected to remain below the levels seen in 2013-14 and 2014-15. Cattle and sheep (Less Favoured Area) farms: Average income is forecast to be higher than any year since 2011-12. Cattle and sheep (lowland) farms: Although there is forecast to be an increase in 2017-18, average income is expected to remain below levels seen during 2008-09 to 2014-15. Following two years when Total Income from Farming was particularly low, the 2017 forecast is more in line with the figure seen in 2014. Source: Welsh Government

Reports

Farm incomes, April 2017 to March 2018 (forecasts) , file type: PDF, file size: 1 MB

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Datasets and interactive tools

Contact

Tim Evans

Telephone: 0300 062 8236

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Series

Farm incomes