Farming Incomes Increase By Over £1.3m

Total income from farming for 2011 was estimated to have reached £5,693m compared with 2010, an increase of £1,352m or 25%. The return per annual work unit of entrepreneurial labour is estimated to have been £30,900 in real terms, an increase of 24%. Looking at the longer term, 2011 represents the best performance of the UK agricultural industry since the mid-1990s. Gross value added at basic prices increased by £1,748m to £8,845m which more than offset the increase in intermediate consumption which rose by £1,321m to £14,806m.