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Publication - Statistics Publication

Economic Report on Scottish Agriculture, 2016

Published: 14 Jun 2016
ISBN:
9781786522276

Presents an overall picture of Scottish agriculture using data from the various agricultural surveys that RESAS manage.

175 page PDF

5.6MB

175 page PDF

5.6MB

Contents
Economic Report on Scottish Agriculture, 2016
Table A15 Major economic indicators of Scottish agriculture, 2011 to 2015

175 page PDF

5.6MB

Table A15 Major economic indicators of Scottish agriculture, 2011 to 2015

£ million

  2011 2012 2013 2014 2015 (prov)
Current Prices
A. Net value added at factor cost (1) 1,258 1,081 1,277 1,238 1,153
B. Returns to all labour (2) 1,183 998 1,197 1,140 1,053
C. TIFF (3) 825 662 850 791 681
Stockchange due to volume in outputs -27 -43 1 12 2
Stockchange due to volume in inputs -5 -6 9 2 -3
Capital formation in livestock 122 139 166 181 194
minus consumption of capital in livestock 159 178 171 182 174
D. Sub total -70 -88 5 14 18
E. Adjusted TIFF (4) (C-D) 895 750 846 777 662
Depreciation 262 271 266 255 250
Capital grants 41 40 30 23 10
Change in borrowings 151 -51 72 -14 -34
F. Sub total 454 260 367 264 226
G. Capital investment (5) 205 234 175 164 179
H. Cash available (E+F-G) 1,144 776 1,038 878 710
Annual work units of entrepreneurial labour (6) 27,120 27,363 26,890 26,688 26,462
TIFF per AWU (£) 30,428 24,201 31,626 29,626 25,722
Real terms
Net value added at factor cost 1,328 1,123 1,301 1,238 1,140
TIFF 871 688 866 791 673
Cash flow 1,208 806 1,057 878 701
TIFF per AWU (£) 32,116 25,135 32,208 29,626 25,417
Indices 2000=100
Net value added at factor cost 167 141 163 156 143
TIFF 264 208 262 240 204
Cash flow 292 195 255 212 169
TIFF per AWU (£) 299 234 300 276 237

(1) Net Value Added at Factor Cost (formerly known as Net Product) is a measure of the value added by the agricultural industry to all goods and services from outside agriculture after provision has been made for depreciation.

(2) Represents Net Value Added at Factor Cost less Rent and Interest payments and so is equivalent to the total returns to labour inputs.

(3) TIFF (Total Income From Farming) represents the return, to all those with an entrepreneurial interest in agricultural production, for their labour, management skills and own capital invested after providing for depreciation.

(4) After adjustments for input and output stock changes due to volume (including breeding livestock). Adjustments are also made to convert the effect of subsidies included within the calculation of TIFF from an accruals to a cash paid basis.

(5) The value of work carried out by entrepreneurial labour in the creation of new capital is deducted from the total value of capital investment.

(6) The total volume of labour provided by those with an entrepreneurial interest in terms of full-time equivalents.


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