Total income from farming (TIFF) has fallen by 14% to £4,704m between 2011 and 2012 according to Defra, allowing for he effects of inflation. TIFF per annual work unit of entrepreneurial labour is estimated to have fallen by the same percentage to £25,175 in 2012. The fall in income was said to be due to an increase in the value of inputs and other costs greater than the increase in the value of output. There was also the effect of the changes in value of the pound against the euro regarding direct payments to farmers.
Showing posts with label farm incomes. Show all posts
Showing posts with label farm incomes. Show all posts
Friday, 10 May 2013
Friday, 30 November 2012
Increase In Farmers Incomes In 2011
Total income from farming (TIFF) in 2011 was estimated to be £5,567m, up £1,084m on 2010 according to a second estimate of TIFF from Defra. Allowing for adjustments for inflation TIFF went up by £851m or 18%. It is the best performance by the agricultural industry since the mid-1990s.
TIFF per annual work unit (AWU) of entrepreneurial labour was up by 16% to £30,000 in real terms. TIFF per AWU of entrepreneurial labour has, over time, performed better than TIFF due to a decline in the number of farmers.
Friday, 28 October 2011
Cereals Farmers See Big Rise In Incomes
The Farm Business Survey results show that income figures have substantially increased in the year ending February 2011. In 2010/11, incomes increased on arable and mixed farms and a smaller increase on dairy farms. However, average incomes fell on beef, sheep and pig farms. Significant variations in incomes exist within the sectors.
Mixed farms saw an increase of 57% while cereals farms increased their incomes by 107%. General cropping farms increases were 80%. The average increase across all types was 33%. In real terms it means a 97% increase for cereal farms, 72% for general cropping farms and a 49% increase for mixed farms.
Over half of cereal, general cropping and dairy farms had an income over £50,000 and a third over £75,000 but more than 15% of LFA and lowland grazing farms didn't make any profit at all and approximately 60% had incomes of less than £20,000. Different farms are influenced by a variety of different factors including size, location and soil type. The variation in incomes also reflects the differences in production costs.
Mixed farms saw an increase of 57% while cereals farms increased their incomes by 107%. General cropping farms increases were 80%. The average increase across all types was 33%. In real terms it means a 97% increase for cereal farms, 72% for general cropping farms and a 49% increase for mixed farms.
Over half of cereal, general cropping and dairy farms had an income over £50,000 and a third over £75,000 but more than 15% of LFA and lowland grazing farms didn't make any profit at all and approximately 60% had incomes of less than £20,000. Different farms are influenced by a variety of different factors including size, location and soil type. The variation in incomes also reflects the differences in production costs.
Friday, 29 January 2010
Fall In Farm Incomes In 2009
Farm incomes are estimated to have fallen in 2009 according to the most recent statistics from Defra. Total income from farming (TIFF) fell by 5.7% in 2009 to £4.07bn. There was a decrease in the value of output, a fall in input costs and an increase in the Single Payment. Farm business income (FBI) on specialist pig, specialist poultry, LFA and lowland grazing livestock farms is expected to increase in 2009/10. On general cropping and specialist cereal farms FBI is expected to fall.
The value of output fell by 3.2%, though there was a significant variation between sectors. Cereals (-25%), oilseeds (-23%), potatoes (-16%) and milk (-9.7%) fell in value, whereas cattle (6.4%), sheep (21%) and pigs (17%) increased in value. The total value of output at market prices fell by 3.1% to £19.3bn. The value of intermediate consumption, items like maintenance, services, feed, fuel, fertilisers and sprays, fell 1.1% and the Gross Value Added (GVA) for the industry fell 6.2% to £7.1bn. Input costs fell by 2.2%. The cost of fuel and animal feed fell by 17% and 7.3% respectively but that was partly offset by increases in other costs.
The value of output fell by 3.2%, though there was a significant variation between sectors. Cereals (-25%), oilseeds (-23%), potatoes (-16%) and milk (-9.7%) fell in value, whereas cattle (6.4%), sheep (21%) and pigs (17%) increased in value. The total value of output at market prices fell by 3.1% to £19.3bn. The value of intermediate consumption, items like maintenance, services, feed, fuel, fertilisers and sprays, fell 1.1% and the Gross Value Added (GVA) for the industry fell 6.2% to £7.1bn. Input costs fell by 2.2%. The cost of fuel and animal feed fell by 17% and 7.3% respectively but that was partly offset by increases in other costs.
Subscribe to:
Posts (Atom)