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Farm Accounts in England

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Farm Accounts in England 2018/19
Farm Accounts in England 2018/19 is in stock now

In Paperback Format
Farm Accounts in England 2018/19
Results of the Farm Business Survey

£13.00
ISBN
9781839720246
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
17 January 2020
Edition
2018/19
Format
Paperback
Extent
45 pages
Dimensions
A4 (210 x 297 mm)

This release provides further detail behind the income results published on 31st October 2019. The results are sourced from the 2018/19 Farm Business Survey which covers the 2018 harvest and includes the 2018 Basic Payment. Figures are for March/February years with the most recent year shown ending February 2019. The release also includes analysis of diversified activities on farms and of farm succession arrangements.

Key results
  • In 2018/19, average Farm Business Income was lower for dairy, grazing livestock, both lowland and those in Less Favoured Areas, pig and poultry farms. The weather was a key influencing factor for incomes across farm types; a very cold, late spring and extremely hot, dry summer.
  • Average income for cereal farms increased by 8 percent to !!<£67,300 and for general cropping farms by 22 percent to £106,400. The weather conditions led to reduced yields on both types of farms although these were mitigated by higher prices for some crops, particularly cereals.</li>
    <li>On dairy farms, average income decreased by 33 percent to £79,700, driven by higher input costs, particularly feed influenced by the lack of grazed forage due to the weather conditions and increased cereal prices. This more than offset a 7 percent increase in output from milk.</li>
    <li>Notable increases to feed costs were also a major influence on average incomes for grazing livestock farms, which fell by 39 percent for lowland farms to £12,500 and 42 percent for those in Less Favoured Areas to £15,500.</li>
    <li>The average Basic Payment across all farm types was virtually unchanged on 2017 reflecting the very similar Euro / Sterling exchange rates in the September of each year (2017 and 2018) when the payment rates are determined.</li>
    <li>Total income from diversified activities in 2018/19 was £740 million, a 6 percent increase from 2017/18.</li>
    <li>For farm businesses that agreed to answer questions on succession, 44 percent had a nominated successor in 2018/19. This was slightly higher than in previous years.</li>
    </ul>>!! 


Farm Accounts in England 2017/18
Farm Accounts in England 2017/18 is in stock now

In Paperback Format
Farm Accounts in England 2017/18
Results of the Farm Business Survey

£25.00
ISBN
9781787760714
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
11 March 2019
Edition
2017/18
Format
Paperback
Extent
248 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance. This publication also includes detailed information on farm diversification and farm succession.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture. 


Farm Accounts in England 2016/17
Farm Accounts in England 2016/17 is in stock now

In Paperback Format
Farm Accounts in England 2016/17
Results of the Farm Business Survey

£17.50
ISBN
9781787321533
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
4 January 2018
Edition
2016/17
Format
Paperback
Extent
196 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance. This publication also includes detailed information on farm diversification. Data on farm succession was not collected in 2016/17.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture. 


Farm Accounts in England 2015/16
Farm Accounts in England 2015/16 is in stock now

In Paperback Format
Farm Accounts in England 2015/16
Results of the Farm Business Survey

£17.50
ISBN
9781787320161
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
19 January 2017
Edition
2015/16
Format
Paperback
Extent
187 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance. This publication also includes detailed information on farm diversification and succession plans.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture. 


Farm Accounts in England 2014/15
Farm Accounts in England 2014/15 is in stock now

In Paperback Format
Farm Accounts in England 2014/15
Results of the Farm Business Survey

£17.50
ISBN
9781785840968
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
18 December 2015
Edition
2014/15
Format
Paperback
Extent
189 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture.

Key results
  • In 2014/15, average Farm Business Income was lower across all robust farm types except grazing livestock farms. On lowland grazing livestock farms average incomes increased by 23 percent, albeit from a low base, whilst on Less Favoured Area (LFA) grazing livestock farms average incomes were similar to the previous year.
  • For cropping farms, improved weather and a return to more usual cropping patterns saw an increased area of winter crops compared to the previous year and a substantial improvement in yields. However, the increased production was offset by lower commodity prices due to a strong pound and plentiful supplies on global markets.
  • On dairy farms the lower average income was driven by a reduced value of output from milk production. Milk prices fell gradually throughout the year but for the first six months were higher than for the same period in 2013. This together with increased volumes partially offset the lower average price for the year as a whole.
  • Average incomes on pig and specialist poultry farms fell due to a reduced output for pig and poultry meat.
  • The higher value of the pound against the euro led to a lower Single Payment. It also had a negative impact on prices as domestic production had to compete with cheaper imports and alternative suppliers for export markets.
 



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