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Annual Estimates of Scottish Farm Business Income (FBI) 2015-16

Annual Estimates of Scottish Farm Business Income (FBI) 2015-16

Thursday, April 27, 2017

ISBN: 9781786529350

The Scottish Farm Business Income (FBI) publication provides farm business level estimates of average incomes for the accounting year 2015-16, which relates to the 2015 crop year. Other financial indicators, such as productivity and financial strength, are also presented.

Executive Summary

In 2015-16, the average FBI for businesses in the survey was £12,600, the lowest level over the six-year series. This represents a decrease of 48 per cent (£11,500) in real terms over the last year and a decrease of 75 per cent (£38,200) in real terms since 2010-11. When FBI is calculated without the addition of subsidy payments the value results in a loss of £25,500.

From the Farm Business Survey, 36 per cent of farm businesses made a loss and more than half of farm businesses (59 per cent) generated income roughly equivalent to less than the minimum agricultural wage (MAW), per hour of unpaid labour. This latter figure has increased by 11 percentage points compared to the previous year.