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Farms: Income

Volume 487: debated on Tuesday 10 February 2009

To ask the Secretary of State for Environment, Food and Rural Affairs what the average farm income was in (a) England, (b) Scotland, (c) Wales and (d) Northern Ireland for each of the last 10 years. (254033)

Information on the average Farm Business Income and Net Farm Income in England, Scotland, Wales and Northern Ireland, for each of the last 10 years, is shown in the following table.

Average farm business income

£ per farm

March to February

England

Wales

Northern Ireland

1998/99

n/a

n/a

n/a

1999-2000

n/a

n/a

n/a

2000-01

n/a

n/a

n/a

2001-02

n/a

n/a

n/a

2002-03

n/a

n/a

n/a

2003-04

36,800

23,400

14,300

2004-05

28,300

21,900

15,500

2005-06

28,600

20,200

17,300

2006-07

34,400

21,600

18,100

2007/08

48,100

26,500

30,100

n/a = not available

Source:

Farm Business Survey1

1 The FBS sample covers businesses with a Standard Labour Requirement (SLR) of at least 0.5, i.e. a size considered sufficient to occupy a farmer for at least half their time.

Farm Business Income is the headline measure of the profitability of farm businesses. It represents the financial return to all unpaid labour (farmers and spouses, non-principal partners and directors and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. It is not available for years before 2003-04 given the way that data were recorded in earlier years. Scotland are in the process of adapting their Farm Business Survey to derive equivalent data.

Average net farm income

£ per farm

March to February

England

Wales

Scotland

Northern Ireland

1998-99

11,500

6,200

4,300

2,200

1999-2000

8,700

6,000

3,900

1,100

2000-01

10,600

5,900

6,000

5,800

2001-02

14,900

9,300

12,400

8,300

2002-03

16,600

14,100

9,600

4,500

2003-04

29,500

15,800

19,800

8,700

2004-05

21,200

14,200

13,100

9,400

2005-06

21,100

12,200

10,800

10,100

2006-07

26,700

12,100

19,800

10,400

2007-08

38,600

18,400

29,800

22,600

Net farm income is defined as the return to the principal farmer and spouse for their manual and managerial labour and on the tenant type capital of the business. It is net of an imputed rental charge on owned land and an imputed charge for unpaid labour.