Introduction

This report provides estimates of farm business income (FBI), or farm income, for the accounting year 2023-24, which relates to the 2023 crop year. FBI is the total income available to the people who draw money from the farm business, usually the owners or partners who are not paid a regular wage. Figures are rounded to the nearest hundred and adjusted for inflation using GDP deflators.

This analysis is based on a survey of around 400 commercial farms (whose standard output exceeds around £20,000). The sample excludes farm types not in receipt of support payments (such as pigs, poultry and horticulture). The survey sample is weighted using results from the 2023 June Agricultural Census and is representative of 95% of the standard output from farm types included in the survey.

Our infographic provides an overview of farm incomes in 2023-24.

All data tables are available to download under supporting documents. 

An Accredited Official Statistics Publication for Scotland

These statistics are accredited official statistics. The Office for Statistics Regulation has independently reviewed and accredited these statistics as complying with the standards of trustworthiness, quality, and value in the Code of Practice for Statistics.

These accredited official statistics were independently reviewed by the OSR in November 2020. The accreditation notice is available on the OSR website.

Accredited official statistics are called National Statistics in the Statistics and Registration Service Act 2007.

Scottish Government statistics are regulated by the Office for Statistics Regulation (OSR). OSR sets the standards of trustworthiness, quality and value in the Code of Practice for Statistics that all producers of official statistics should adhere to.

More information about Scottish Government statistics is available on the Scottish Government website.