Estimates of Farm Incomes, 2011-12

This release presents first estimates of farm income figures for 2011-12 based on two different measures: Farm Business Income (FBI) and Net Farm Income (NFI).  The latest release updates the statistics previously released on 30 November 2011.

The key points from the latest release are:

• Average Farm Business Income (FBI) across ‘All Farm Types’ is forecast to rise by 16% in 2011-12, from £32,900 to £38,200.
• A combination of higher commodity prices, small increases in production volumes and increased subsidy payments are forecast to outweigh increasing input costs.
• Average FBI is forecast to rise by 12%, 14% and 20% on Dairy, LFA Cattle & Sheep and Lowland Cattle & Sheep farms respectively.

Contact

Phone: 029 2082 3349
Email: stats.agric@wales.gsi.gov.uk

Next Update

November 2012 (provisional - to be confirmed on the 'Due Out Soon' page)