Aggregate agricultural output and income, 2012

Statistics on agricultural output, Gross Value Added (GVA) from agriculture and Total Income From Farming (TIFF) are presented for 2010-12. The latest release updates the statistics previously released on 28 February 2012.

The key points from the latest release are:

• total Income From farming (TIFF) in Wales fell 48% between 2011 and 2012 to £123.6 million
• the value of output from the sheep sector fell 11% in 2012 due to a fall in the average price for lambs during the latter part of the year and reduced marketings.  This contributed to a marginal fall in the value of agricultural output
• the impact of the fall in the value of agricultural output was intensified by a 7% increase in input costs and a fall in the value of subsidy payments to the sector
• gross Value Added from Agriculture in 2012 was £214.4 million, down from £300.4 million in 2011 (a drop of 29%)

Contact

Tel: 029 2082 5051
Email: stats.agric@wales.gsi.gov.uk

Next update

February 2014 (provisional - to be confirmed on the 'Due out soon' page)