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Common farm incomes in Scotland rise to report highs

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Common farm incomes in Scotland have risen to the best ranges on report, with agricultural exercise alone being worthwhile for the typical farm.

Farm earnings is estimated to be £69,100 in 2022-23, rising by £14,600 from the yr earlier than, in accordance with the Scottish authorities’s Farm Enterprise Survey.

The upturn in costs, printed by the Chief Statistician, was largely pushed by will increase in cereals, milk, and livestock output, reflecting robust wholesale costs.

Nevertheless, whole enter prices elevated 12 % to £262,400 for the typical farm, in accordance with the report which checked out 400 farms.

Growing costs of agricultural inputs similar to feed, gas and fertilisers have been seen for a second yr.

The Chief Statistician stated: “Common earnings elevated to its highest degree since 2012-13, after adjusting for inflation

“For the primary time since 2012-13, when these data started, agricultural exercise alone is worthwhile for the typical farm.”

Basic cropping farms noticed the strongest progress, with common incomes rising by 83% to £167,100, its highest worth.

Revenue for common dairy (£248,700), cereal (£99,700), and combined (£85,700) farms have been additionally at report values in 2022-23.

Nevertheless, earnings fell for livestock farms on common. Livestock farms, which make up 60% of business farms, proceed to make losses on common.

Rising prices exceeded smaller will increase in output. Solely Much less Favoured Areas (LFA) cattle farms noticed earnings develop in contrast with the earlier yr.

Livestock farms proceed to be extra reliant on help funds to make a revenue. Sheep farms in much less favoured areas have been the least prone to make a revenue with out help.

Solely 8% of those farms would have made a revenue in 2022-23 if help funds have been excluded, in accordance with the Chief Statistician’s report.

In 2022-23 whole common output elevated by 19% to £280,300. Farms on common obtained £46,300 in help and made £5,000 from diversification, like renting out farm buildings.

The outcomes are calculated from the 2022-23 Farm Enterprise Survey, which coated the 2022 cropping yr and the 2022-23 monetary yr.


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