Publication - Statistics publication

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

Published: 8 Mar 2018
Directorate:
Agriculture and Rural Economy Directorate
Part of:
Economy, Farming and rural
ISBN:
9781788516747

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

54 page PDF

3.4 MB

54 page PDF

3.4 MB

Contents
Scottish farm business income (FBI): annual estimates 2016-2017
Table 2: FBS summary table 2016-17

54 page PDF

3.4 MB

Table 2: FBS summary table 2016-17

  Measure Specialist Sheep (LFA) Specialist Cattle (LFA) Cattle and Sheep (LFA) Cereal General Cropping Dairy Lowland Cattle and Sheep Mixed All Types
Average Output (£) 45,371 121,629 115,427 161,821 236,081 383,347 130,325 182,067 147,239
Input (£) 73,621 144,697 136,718 184,087 229,067 386,109 148,332 202,456 165,579
Subsidy and payments (£) 38,965 46,678 54,925 31,978 36,102 35,294 34,325 40,522 41,307
Diversified income (£) 3,332 1,955 1,650 10,878 3,964 2,164 1,934 4,034 3,436
FBI (£) 14,048 25,565 35,284 20,589 47,080 34,696 18,252 24,168 26,402
FBI/FTE (£) 10,483 17,753 22,764 14,812 34,116 16,138 11,626 16,220 17,839
Output:Input ratio 1.19 1.18 1.26 1.11 1.21 1.09 1.12 1.12 1.16
Off farm income (£) 16,237 14,080 9,155 12,242 17,789 8,191 13,001 19,109 14,305
Off farm income/FTE (£) 12,117 9,778 5,907 8,807 12,891 3,810 8,281 12,825 9,665
Balance Sheets (All Tenures) Net worth (£) closing valuation (CV) 792,052 1,046,334 1,111,868 1,931,651 1,933,033 1,834,716 1,173,855 1,686,232 1,315,536
Liabilities as % of assets (CV) 6.7 10.7 11.6 11.0 8.5 14.4 9.2 10.1 10.2
Hourly income Average hourly income (£) 5.52 9.34 11.98 7.80 17.96 8.49 6.12 8.54 9.39
Minimum agricultural wage (£) 7.20 7.20 7.20 7.20 7.20 7.20 7.20 7.20 7.20
Average hourly income as % of MAW 76.6 129.8 166.4 108.3 249.4 118.0 85.0 118.6 130.4
Quartiles FBI upper quartile (£) 73,529 101,008 90,656 78,118 147,893 148,880 63,993 74,200 94,376
FBI lower quartile (£) -13,880 -11,020 2,572 -24,680 -9,347 -56,134 -9,853 -17,053 -15,102
Output:Input ratio upper quartile 1.47 1.65 1.36 1.33 1.35 1.27 1.24 1.23 1.38
Output:Input ratio lower quartile 0.83 0.93 1.02 0.89 0.95 0.86 0.91 0.91 0.91

Full-Time equivalent (FTE) is 1,900 hours. Off farm Income is only collected for farmers and their spouse as the midpoint of the range in which their income falls. The minimum agricultural wage (MAW) is the weighted average for 2016 calendar year.


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