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Farmers: Income

Volume 491: debated on Thursday 23 April 2009

To ask the Secretary of State for Environment, Food and Rural Affairs what estimate he has made of the number of farm businesses with an income of less than £10,000 in each year since 1997. (270447)

The following table shows the percentage of farms with a Farm Business Income1 (FBI) of less than £10,000 since 2003-04. This is the preferred measure of income but is not available prior to 2003-04.

1 Farm Business Income 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.

Percentage of farms with less than £10,000 FBI

1997-98

n/a

1998-99

n/a

1999-2000

n/a

2000-01

n/a

2001-02

n/a

2002-03

n/a

2003-04

29

2004-05

36

2005-06

35

2006-07

34

2007-08

27

Source: Farm Business Survey, England.1

1 The Farm Business Survey 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.