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Scottish Farm Income Estimates 2011-12

Scotland's Chief Statistician has today published the latest estimates for farm incomes in Scotland. The main findings of the report are that:

Total Income From Farming (TIFF) fell £111 million or 15 per cent (19 per cent in real terms) in 2012 The value of Outputs in 2011 increased by £310 million or twelve per cent (mainly barley and finished cattle), but the estimated value of Outputs in 2012 fell by £20 million or one per cent, mainly due to poor yields affecting the harvest In 2011, input costs rose by £219 million or 13 per cent. The estimated value of Input costs in 2012 has risen by £44 million or two per cent Changes in the exchange rates resulted in a £45 million fall in farm subsidy payments in 2012 Average Farm Business Income (FBI) in 2011-12 was £45,000, a decrease of £1,000 (3 per cent) from 2010-11.

See the report here...

 

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