Farm incomes: April 2019 to March 2020

These figures represent the results of the Wales Farm Business Survey for 2019-20.

The report includes an additional table with trends in three different measures of farm income.

The coronavirus (COVID-19) pandemic seriously disrupted the collection of data which resulted in significantly delayed analysis and publication of results. It has been decided to publish the key results before the end of the current financial year (March 2021) with further detailed analyses to follow in the coming months, according to users’ requirements.

Average farm business income in Wales in 2019-20, and change since 2018-19 (at current prices)

Dairy farms

Average income has varied greatly over the past eight years. After the high of 2017-18, income has returned to a moderate level of £50,700 but has increased 9% on last year and is significantly higher than the low period of 2015-17.

Cattle and sheep (Less Favoured Area) farms

After a low in 2018-19 average income is again around the level (£22,600) seen over the previous six years following an increase of 20% on last year.

Cattle and sheep (lowland) farms

Following the increase in 2017-18, average income remains around the level (£16,600) of that in 2015-16 following a slight decrease of 3% on last year.

Updates during 2022

Final results for 2020-21 are expected to be published in early 2022.