Results from the Defra Farm Business Survey 2008-9 on farm household income and household composition show that there were 57,000 farms in England of a size to occupy a farmer for at least half their time while they only account for half the total number of farms in England the farms in the survey account for 91% of total area farmed and 96% of agricultural production.
A total of 73% of the total income of principal farmers households in 2008-9 came from farm business income. The mean household income of principal farmers households was £55,600/household (£53,900/household in 2007-8) and mean off farm income of the farmer and spouse was £13,800 (£13,200 2007-8). Mean income of other household members was £15,200 (£16,000 2007-8). 4,100 principal farmers households had no other income (c7%). Mean farm household income after adjustments for size of household is £45,900 (£45,400 in 2007-8)
The region with the highest average farm household income was the East of England with £83,100 and lowest was the North West with £43,800. Proft exceeded drawings on 56% of farms. A total of 39,600 (69%) farm businesses comprise a single household.
In terms of net worth there is a similar median level of profit and household income for the first three quartiles. Median net worth ranged from £131,000 in the lowest quartile to almost £1.5m in the top quartile. Overall median net worth was £587,000. Median household income for tenanted farms in this population was £42,700 compared with £38,300 for all farms. Over the last three years with an identical sample according to the household income of the principal farmer the bottom quartile had an average income of below £20,000 but the median net worth of the bottom quartile was £409,000.
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