Scottish farm business income (FBI): annual estimates 2016-2017

This publication provides estimates of average farm business incomes for the accounting year 2016-17, which relates to the 2016 crop year.


Introduction

Average Farm Business Income

Average Farm Business Income

Source: Table 1

Percentage of farms according to FBI/FTE, relative to MAW

Percentage of farms according to FBI/FTE, relative to MAW

Source: Table 5

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.

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. However, this is still 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 (FBS), 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.

Contact

Back to top