Question reference: S6W-12980
- Date lodged: 8 December 2022 Registered interest
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Current status: Answered by Mairi Gougeon on 16 December 2022
Question
To ask the Scottish Government whether average farm income has increased in real terms for each financial year since 2016-17, and, if so, by how much.
Answer
The latest estimates from the Farm Business Survey suggest that in the accounting year 2020-21, the average Farm Business Income (FBI) for businesses in the survey was £39,347. This represented an increase of 20 per cent (£6,517) in real terms from 2016-17, when the average income was £32,830. FBI includes income from grants and subsidies; when these are excluded farms are, on average, not profitable. Figures for other years are shown in the following table.
2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | |
Farm Business Income (2020/21 prices) | £32,830 | £39,130 | £42,636 | £29,096 | £39,347 |
FBI, excluding grants and subsidies (2020/21 prices) | -£13,056 | -£8,221 | -£4,121 | -£16,304 | -£3,340 |
Change in FBI from previous year | £6,300 | £3,506 | -£13,540 | £10,251 | |
Change in FBI from previous year (%) | 19% | 9% | -32% | 35% |
This table shows averages for all farm types included in the survey; more detailed data, including FBI for different farm types, is available at Scottish farm business income: annual estimates 2020-2021 .