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Farm incomes

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  • Release date: 20 December 2018
  • Period covered: 2017-18
  • Next update: March 2019
An annual report which includes figures for average farm business income, analysis of the variation around the average, and long term context.

These figures represent the results of the Wales Farm Business Survey for 2017-18.

The report also includes:

  • a separate infographic (on the right of this page)
  • components of income and output (including subsidy and new analysis of diversification)
  • factors affecting farm incomes, including weather and commodity prices
  • farm assets, liabilities and net worth
  • additional tables with detailed breakdowns of output and cost, trends in three different measures of farm income, and farm assets, liabilities and net worth.

Key points

Average farm business income in Wales in 2017-18, and change since 2016-17 (at current prices) Dairy farms (£82,400, up 163%): Average income varied greatly in the past five years. 2017-18 saw income return to a higher level than 2014-15 after two particularly low years. Cattle and sheep (Less Favoured Area) farms (£26,900, up 17%): Average income was higher than in any year since 2011-12. Cattle and sheep (lowland) farms (£24,000, up 5%): Despite the increase in 2017-18, average income remains below levels seen during the period 2008-09 to 2014-15. Source: Farm Business Survey, Welsh Government

Updates during 2019

Forecasts of farm incomes for 2018-19 are due to be published in March 2019. Final results for 2018-19 are expected to be published at end 2019.

Contact

Statistician
Tel: 0300 062 8236
Email: stats.agric@gov.wales

Media
Tel: 0300 025 8099

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