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Annual Estimates of Scottish Farm Business Income (FBI) 2016-17

Annual Estimates of Scottish Farm Business Income (FBI) 2016-17

Thursday, March 8, 2018

ISBN: 9781788516747

The Scottish Farm Business Income (FBI) publication provides farm business level estimates of average incomes for the accounting year 2016-17, which relates to the 2016 crop year. Other financial indicators, such as productivity and financial strength, are also presented.

Executive Summary

In 2016-17, the average FBI for businesses in the survey was £26,400. This represents an increase of 94 per cent (£12,800) in real terms over the last year and a decrease of 46 per cent (£22,900) in real terms since 2011-12. When FBI is calculated without the addition of subsidy payments the value results in a loss of £14,900.

From the Farm Business Survey, 23 per cent of farm businesses made a loss and less than half of farm businesses (45 per cent) generated income roughly equivalent to less than the minimum agricultural wage (MAW), per hour of unpaid labour. This latter figure has decreased by 14 percentage points compared to the previous year.