Introduction

Total income from farming (TIFF) is the official measure of the profit (output minus costs) gained by the agricultural industry in Scotland. It provides a breakdown of the value of farm production, support payments and costs.

TIFF, or ‘income’ in this notice, is the total profit from all farming businesses within the agricultural industry in Scotland. It measures the return to all entrepreneurs for their management, inputs, labour and capital invested, on a calendar year basis.

This publication contains initial estimates for 2024. This estimate is subject to a degree of revision in future years. A lot of the data used in calculating total income from farming for 2024 will only become available during 2025, and some not until 2026. That is why these are only the initial estimates.

Estimates are available for 2023, 2022 and 2021 and revisions have been made to previous results for 2020, 2019 and 2018 to apply new and improved methodology to these years. The publication was temporarily paused while improved methodology was developed. Methodology improvements are continuously made and data revisions are backdated where possible to allow for better data comparability over time. Previous years have not been revised.

Estimates are provided in current (nominal) and real (constant 2024) prices. Real (constant 2024) prices use the latest gross domestic product GDP deflators to convert historic figures into 2024 prices. Inflation was unusually high in 2023 at around 7%.

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.