Farm Incomes, 2008-09

Statistics on Farm Incomes include data for Wales for the period 2008-09. The latest release updates the statistics previously released on 26 November 2008.

This release presents farm income figures based on three different measures: Farm Business Income (FBI), Net Farm Income (NFI) and Cash Income.  The figures are from the annual Farm Business Survey.

The key points from the latest release are:

• Farm Incomes for ‘All Farm Types’ increased between 2007/08 and 2008/09, with Farm Business Income up 18%.
• Strong commodity prices and higher average Single Farm Payments combined to generate increased farm incomes on Dairy, Less Favoured Area (LFA) Cattle & Sheep and Lowland Cattle & Sheep farms.
• On Mixed Cropping and Livestock farms an increase in output was outweighed by higher input costs resulting in a 6% decline in FBI between 2007/08 and 2008/09.

Contact

Tel: 029 2082 3349
E-mail: andrew.hobden@wales.gsi.gov.uk

Next update

February 2010 (provisional - to be confirmed on the Due Out Soon page)