Scotland’s Chief Statistician has published results from the 2012 Survey Of Bank Advances to Scottish Agriculture. http://www.scotland.gov.uk/Resource/0039/00398833.pdf
The main findings show:
- At the 31st of May 2012, the total outstanding balance of advances from banks and mortgage companies to Scottish agriculture was £1,670 million. This was 3.5% higher than the previous May, which is an increase in real terms of 0.1%.
- This is the 3rd consecutive year that the outstanding debt of Scottish agriculture has risen, despite difficult lending conditions in the economy.
- Most of the outstanding advances to agriculture were to owner-occupier farmers (89%). The remainder went to tenant farmers (8%); agricultural contractors (2%) and livestock salesmen 1% - this is a similar profile to previous years.
- The distribution of advances to owner-occupier farms generally reflects the structure of agriculture in Scotland, where 75% of agricultural area (excluding common grazing) is owner-occupied.