Forecasts of average farm business income for April 2018 to March 2019.

The forecasts give a broad indication of how farm incomes are expected to move since 2017-18, and are subject to a margin of error. The report also includes the final figures for 2017-18.

Final figures for 2018-19 are provisionally due to be published in December 2019.

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

Key points

Forecasts for average farm business income in Wales in 2018-19, and change since 2017-18 (a) Dairy farms (£64,500, down by 25%): There is an expected decrease in milk prices in 2018-19 along with a smaller decrease in production, resulting in a fall in average income on dairy farms. Cattle and sheep (LFA) farms (£24,500,down by 9%): Average income is forecast to decrease but remains higher than the levels seen in most years since 2012-13. Cattle and sheep (lowland) farms (£17,000, down by 29%):  A significant decrease in average income is forecast. This level is marginally above the low point seen in 2015-16. (a) At current prices Source: Welsh Government

Reports

Farm incomes, April 2018 to March 2019 (forecasts)
, file type: PDF, file size: 957 KB

PDF
957 KB
This file may not be accessible. Request a different format. If you need a more accessible version of this document please email digital@gov.wales. Please tell us the format you need. If you use assistive technology please tell us what this is.

Data

Datasets and interactive tools

Farm incomes, April 2018 to March 2019 (forecasts): additional tables
, file type: ODS, file size: 106 KB

ODS
106 KB
This file may not be accessible. Request a different format. If you need a more accessible version of this document please email digital@gov.wales. Please tell us the format you need. If you use assistive technology please tell us what this is.

Contact

Tim Evans

Tel: 0300 062 8236

Media

Tel: 0300 025 8099