Scottish farm business income: annual estimates 2022-2023
Farm business level estimates of average incomes for 2022-2023. An Accredited Official Statistics publication for Scotland.
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General cropping income highest in time-series
Average income for general cropping farms was £167,100 in 2022-23. This is the highest value in the time series and an increase of 83% from the previous year.
Figure 2: Average farm business income, general cropping and all farms, 2012-13 to 2022-23. 2022-23 prices.
Total output increased by 24%, which more than offset a 6% increase in input costs from 2021-22.
The value of agricultural output increased by 26% for the average farm. The rise in agricultural outputs was largely driven by an increase of 44% in both wheat (£28,200), and barley (£38,600) output and a 17%, or £29,500 increase in potato output.
Despite a 52%, or £16,700, rise in fertiliser costs, rising total input costs were moderated by a 30%, or £10,900, fall in seed input cost.
Table 2: Farm business income (FBI) and contributions to FBI, general cropping, 2021-22 and 2022-23. 2022-23 prices.
|
Measure |
2021-22 |
2022-23 |
Percentage change |
|
1 Total output (£) |
431,400 |
533,300 |
24% |
|
1a Agricultural output (£) |
405,200 |
510,900 |
26% |
|
2 Support and grants (£) |
42,500 |
42,000 |
-1% |
|
3 Total input (£) |
394,300 |
416,500 |
6% |
|
3b Agricultural input (£) |
381,900 |
407,700 |
7% |
|
4 Diversification income (£) |
9,000 |
8,300 |
-8% |
|
FBI (£) = 1 + 2 + 4 - 3 |
91,200 |
167,100 |
83% |
General cropping farms have a high average income compared to other farm types. However, while some farms make large incomes, others will make a loss. Average income for general cropping farms is also considerably more volatile than for other farms. This reflects their greater exposure to wholesale market and weather fluctuations.
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