General cropping and dairy farms incomes decrease
Dairy and general cropping farms typically have high incomes. Their performance has varied a lot in recent years. Some farms make larger incomes than average, but some will also be making a loss.
£69,100 - General cropping average income
General cropping farms had the highest average income by farm type this year. Their average income was estimated at £69,100. Dairy farms also continued to have a high average income.
Both farm types experienced a decrease in average income in 2019-20.
These farms are sensitive to market prices and experience fluctuating performance as a result. For example, a fall in milk prices in 2015-16 resulted in the lowest average dairy income in the last eight years. Milk prices
The decrease in farm income in 2019-20 for general cropping was largely due to a decreased value from cereals and potatoes.