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Total Income from Farming Estimates for Scotland 2015 to 2017

Total Income from Farming Estimates for Scotland 2015 to 2017

Wednesday, January 31, 2018

ISBN: 9781788515801

The official measure of the net income gained by the agriculture industry in Scotland.

Executive Summary

Total income from farming is estimated to have increased by £245 million in 2017, after a modest increase in 2016.

The figures show net income rose by five per cent in 2016 compared to the previous year, with initial estimates for 2017 suggesting a further increase of 36 per cent.

Agriculture was worth £672 million to the Scottish economy in 2016, up from £639 million in 2015, with improvements in potatoes and sheep farming offsetting the effect of the fall in milk price.

Although not all the data are yet in, TIFF for 2017 appears to risen to about £917 million, which, once inflation is taken into account, is the third highest since 2000.