High Level Summary of Statistics Trend Last update: Wednesday, May 07, 2008
Net Farm Income
The trends in net farm incomes have broadly followed that for total income from farming, that is, incomes were historically high in the mid 1990s and have fallen back since that time.
Average Net Farm Incomes ( NFI) show an increase of £8,100 from £10,800 in 2005/06 to £18,900 in 2006/07.
Between 2005/2006 and 2006/2007, nearly all farm types experienced an increase in net farm incomes. Farm types ' LFA: Specialist Sheep' and ' LFA: Cattle and Sheep' were the only types to experience a decrease in net farm income, where the realignment of LFASS payments has meant that only earlier supplement payments have been counted in 2006/07. The increases have been driven by a background of increases in the value of potato, cereal and cattle output, which have more than balanced the strong increases in input costs. 'Dairy' farms also benefited from the increase in the value of milk and also from increases in grant and subsidy payments.
Source: Farm Accounts Survey, Scottish Government Rural and Environment Research and Analysis Directorate
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