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Publication - Statistics Publication

Scottish farm business income (FBI): annual estimates 2016-2017

Published: 8 Mar 2018
Part of:
Economy, Farming and rural
ISBN:
9781788516747

This publication provides estimates of average farm business incomes for the accounting year 2016-17, which relates to the 2016 crop year.

54 page PDF

3.4MB

54 page PDF

3.4MB

Contents
Scottish farm business income (FBI): annual estimates 2016-2017
Table 2: FBS summary table 2016-17

54 page PDF

3.4MB

Table 2: FBS summary table 2016-17

  Measure Specialist Sheep (LFA) Specialist Cattle (LFA) Cattle and Sheep (LFA) Cereal General Cropping Dairy Lowland Cattle and Sheep Mixed All Types
Average Output (£) 45,371 121,629 115,427 161,821 236,081 383,347 130,325 182,067 147,239
Input (£) 73,621 144,697 136,718 184,087 229,067 386,109 148,332 202,456 165,579
Subsidy and payments (£) 38,965 46,678 54,925 31,978 36,102 35,294 34,325 40,522 41,307
Diversified income (£) 3,332 1,955 1,650 10,878 3,964 2,164 1,934 4,034 3,436
FBI (£) 14,048 25,565 35,284 20,589 47,080 34,696 18,252 24,168 26,402
FBI/ FTE (£) 10,483 17,753 22,764 14,812 34,116 16,138 11,626 16,220 17,839
Output:Input ratio 1.19 1.18 1.26 1.11 1.21 1.09 1.12 1.12 1.16
Off farm income (£) 16,237 14,080 9,155 12,242 17,789 8,191 13,001 19,109 14,305
Off farm income/FTE (£) 12,117 9,778 5,907 8,807 12,891 3,810 8,281 12,825 9,665
Balance Sheets (All Tenures) Net worth (£) closing valuation ( CV) 792,052 1,046,334 1,111,868 1,931,651 1,933,033 1,834,716 1,173,855 1,686,232 1,315,536
Liabilities as % of assets ( CV) 6.7 10.7 11.6 11.0 8.5 14.4 9.2 10.1 10.2
Hourly income Average hourly income (£) 5.52 9.34 11.98 7.80 17.96 8.49 6.12 8.54 9.39
Minimum agricultural wage (£) 7.20 7.20 7.20 7.20 7.20 7.20 7.20 7.20 7.20
Average hourly income as % of MAW 76.6 129.8 166.4 108.3 249.4 118.0 85.0 118.6 130.4
Quartiles FBI upper quartile (£) 73,529 101,008 90,656 78,118 147,893 148,880 63,993 74,200 94,376
FBI lower quartile (£) -13,880 -11,020 2,572 -24,680 -9,347 -56,134 -9,853 -17,053 -15,102
Output:Input ratio upper quartile 1.47 1.65 1.36 1.33 1.35 1.27 1.24 1.23 1.38
Output:Input ratio lower quartile 0.83 0.93 1.02 0.89 0.95 0.86 0.91 0.91 0.91

Full-Time equivalent ( FTE) is 1,900 hours. Off farm Income is only collected for farmers and their spouse as the midpoint of the range in which their income falls. The minimum agricultural wage ( MAW) is the weighted average for 2016 calendar year.


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