Scottish farm business income: annual estimates 2022-2023
Farm business level estimates of average incomes for 2022-2023. An Accredited Official Statistics publication for Scotland.
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Cereal farm income at record high
Average income for cereal farms was £99,700, an increase of 6% from the previous year. Growth slowed in 2022-23 compared to the increases of recent years.
Figure 4: Average farm business income, cereal and all farms, 2012-13 to 2022-23. 2022-23 prices.
Higher cereal outputs saw agricultural output increase by 14% compared to 2021-22. In particular, barley output increased by £30,200, or 36%.
Rising fertiliser and machinery costs mostly drove a 12% increase in input costs. Increased input costs were compensated by higher outputs.
Table 4: Farm business income (FBI) and contributions to FBI, cereal, 2021-22 and 2022-23. 2022-23 prices.
|
Measure |
2021-22 |
2022-23 |
Percentage change |
|
1 Total output (£) |
288,700 |
320,500 |
11% |
|
1a Agricultural output (£) |
262,100 |
298,000 |
14% |
|
2 Support and grants (£) |
36,900 |
34,900 |
-5% |
|
3 Total input (£) |
239,800 |
267,700 |
12% |
|
3b Agricultural input (£) |
228,500 |
256,500 |
12% |
|
4 Diversification income (£) |
14,200 |
12,200 |
-14% |
|
FBI (£) = 1 + 2 + 4 - 3 |
94,200 |
99,700 |
6% |
Cereal farms tend to make more money than the average farm, but experience fluctuations in performance over time.
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