Estimates of Farm Incomes, 2010-11

Forecasts for Farm Business Income, Net Farm Income and Cash Income are presented for 2010-11.  The latest release updates the statistics previously released on 8 December 2010.

The key points from the latest release are:

• Farm Income for 'All Farm Types' is forecast to decrease between 2009-10 and 2010-11, with average Farm Business Income down 17 per cent.
• Each individual farm type is expected to experience a decline in Farm Business Income.  The decline can largely be attributed to a combination of higher input costs and a reduction in the Single Payment.
• Farm Business Income on Lowland Grazing Livestock farms in particular has also been negatively affected by reduced market prices for finished and store cattle.

Contact

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

Next update

November 2011 (provisional - to be confirmed on the 'Due Out Soon' page)