Value of measuring Farm Business Incomes
Nearly half (49 per cent) of food consumed in the UK is sourced from UK Agriculture.
The industry employs 67,000 people in Scotland (430,000 in the UK as a whole). Agricultural farm land makes up 74 per cent of Scotland’s total land area and supplies vital food and drink industries. Farm incomes provide an important measure of farm performance and profitability to help reliably measure the strength of the industry.
Measures of Farm Income
There are two main measures of farm income, Farm Business Income (FBI) and Total Income from Farming (TIFF). FBI is the business-level measure of farm incomes and is based on crop years. It provides an estimate of average incomes, outputs, costs and subsidies for eight different farm types. TIFF is an estimate of national-level farm incomes and is based on calendar years. It provides a national estimate for total income across the sector as a whole.
This publication focuses on Farm Business Income statistics.