Economic Report on Scottish Agriculture, 2016
Presents an overall picture of Scottish agriculture using data from the various agricultural surveys that RESAS manage.
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Table B11 Average opening and closing balance sheets by tenure and type of farm: 2014-15
Tenure of farm | Type of farm | Specialist sheep ( LFA) | Specialist cattle ( LFA) | Other cattle and sheep ( LFA) (1) | Cereals | General cropping | Dairy | Lowland cattle and sheep |
Mixed | All farm types | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | Valuation (£/farm) | |||||||||||
Opening | Closing | Opening | Closing | Opening | Closing | Opening | Closing | Opening | Closing | Opening | Closing | Opening | Closing | Opening | Closing | Opening | Closing | ||
Owner-occupied farms | Sample Size | 20-50 | >50 | 20-50 | 20-50 | 20-50 | 20-50 | <20 | 20-50 | >50 | |||||||||
Total assets | 957,858 | 961,846 | 1,259,273 | 1,284,790 | 1,781,736 | 1,800,629 | 2,439,238 | 2,465,059 | 2,299,953 | 2,357,009 | 2,177,151 | 2,216,185 | 1,350,837 | 1,373,301 | 1,935,528 | 1,933,592 | 1,659,430 | 1,679,409 | |
Total external liabilities | 48,492 | 48,404 | 112,108 | 112,147 | 184,170 | 181,912 | 193,100 | 194,460 | 147,484 | 178,269 | 270,263 | 261,701 | 117,726 | 117,649 | 147,687 | 138,929 | 138,162 | 138,174 | |
Net worth | 909,366 | 913,442 | 1,147,165 | 1,172,643 | 1,597,566 | 1,618,717 | 2,246,138 | 2,270,599 | 2,152,468 | 2,178,740 | 1,906,888 | 1,954,484 | 1,233,112 | 1,255,652 | 1,787,841 | 1,794,663 | 1,521,268 | 1,541,235 | |
Liabilities as a percentage of assets | 5.1 | 5.0 | 8.9 | 8.7 | 10.3 | 10.1 | 7.9 | 7.9 | 6.4 | 7.6 | 12.4 | 11.8 | 8.7 | 8.6 | 7.6 | 7.2 | 8.3 | 8.2 | |
Tenanted farms | Sample Size | <20 | 20-50 | <20 | <20 | <20 | c | <20 | <20 | >50 | |||||||||
Total assets | 247,175 | 240,345 | 399,032 | 392,764 | 350,763 | 347,447 | 299,121 | 301,199 | 381,848 | 360,052 | c | c | 407,539 | 403,396 | 396,123 | 374,949 | 357,975 | 350,035 | |
Total external liabilities | 14,055 | 13,249 | 73,377 | 75,676 | 53,341 | 50,331 | 53,394 | 56,883 | 64,694 | 63,906 | c | c | 45,147 | 46,981 | 103,649 | 92,060 | 60,566 | 58,294 | |
Net worth | 233,121 | 227,096 | 325,655 | 317,088 | 297,422 | 297,117 | 245,727 | 244,316 | 317,154 | 296,146 | c | c | 362,392 | 356,414 | 292,475 | 282,889 | 297,409 | 291,741 | |
Liabilities as a percentage of assets | 5.7 | 5.5 | 18.4 | 19.3 | 15.2 | 14.5 | 17.9 | 18.9 | 16.9 | 17.7 | c | c | 11.1 | 11.6 | 26.2 | 24.6 | 16.9 | 16.7 | |
Mixed tenure farms | Sample Size | <20 | <50 | <20 | <20 | 20-50 | 20-50 | <20 | 20-50 | >50 | |||||||||
Total assets | 738,288 | 757,497 | 1,338,228 | 1,372,532 | 1,163,281 | 1,241,573 | 1,940,153 | 1,937,516 | 2,630,750 | 2,664,018 | 2,635,686 | 2,700,964 | 1,491,557 | 1,499,367 | 1,768,305 | 1,818,905 | 1,502,636 | 1,540,174 | |
Total external liabilities | 66,293 | 72,319 | 125,262 | 141,534 | 160,638 | 197,175 | 159,617 | 170,704 | 278,715 | 300,609 | 376,967 | 406,263 | 258,394 | 247,808 | 334,050 | 376,105 | 186,454 | 206,578 | |
Net worth | 671,995 | 685,177 | 1,212,967 | 1,230,998 | 1,002,644 | 1,044,398 | 1,780,536 | 1,766,812 | 2,352,035 | 2,363,409 | 2,258,719 | 2,294,701 | 1,233,163 | 1,251,560 | 1,434,255 | 1,442,800 | 1,316,182 | 1,333,596 | |
Liabilities as a percentage of assets | 9.0 | 9.5 | 9.4 | 10.3 | 13.8 | 15.9 | 8.2 | 8.8 | 10.6 | 11.3 | 14.3 | 15.0 | 17.3 | 16.5 | 18.9 | 20.7 | 12.4 | 13.4 | |
All Tenures | Sample Size | 38 | 133 | 54 | 62 | 54 | 47 | 28 | 69 | 485 | |||||||||
Total assets | 705,726 | 708,462 | 1,124,345 | 1,145,798 | 1,181,829 | 1,205,675 | 2,025,792 | 2,044,394 | 2,071,834 | 2,114,364 | 2,082,790 | 2,119,346 | 1,228,048 | 1,244,873 | 1,684,939 | 1,686,520 | 1,374,142 | 1,391,016 | |
Total external liabilities | 40,237 | 40,777 | 107,540 | 110,514 | 136,147 | 141,660 | 166,007 | 168,838 | 153,745 | 178,800 | 283,122 | 278,462 | 123,450 | 122,428 | 163,783 | 160,787 | 129,459 | 131,909 | |
Net worth | 665,488 | 667,684 | 1,016,805 | 1,035,283 | 1,045,683 | 1,064,015 | 1,859,786 | 1,875,556 | 1,918,090 | 1,935,564 | 1,799,668 | 1,840,884 | 1,104,598 | 1,122,445 | 1,521,156 | 1,525,734 | 1,244,682 | 1,259,107 | |
Liabilities as a percentage of assets | 5.7 | 5.8 | 9.6 | 9.6 | 11.5 | 11.7 | 8.2 | 8.3 | 7.4 | 8.5 | 13.6 | 13.1 | 10.1 | 9.8 | 9.7 | 9.5 | 9.4 | 9.5 |
(1) Other cattle and sheep ( LFA) excludes farms identified as specialist sheep or specialist cattle.
c: cell values have been suppressed due to small sample sizes.
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