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Bank Advances to Scottish Agriculture 2010

DescriptionBank Advances to Scottish Agriculture 2010
ISBN
Official Print Publication DateAugust 2010
Website Publication DateAugust 12, 2010

NationalStatisticsBank Advances to Scottish Agriculture 2010

Farm borrowing statistics based on information collected from banks and mortgage companies operating in Scotland were published on 12th August 2010.

The total outstanding balance of bank advances to Scottish agriculture on 31st May 2010 was £1,506 million. This was £121 million (8.7 per cent) higher than in 2009, or an increase in real terms of 5.5 per cent.

In real terms, this is the largest annual increase since 2000, with the 2010 total close to the average for the last twenty years of £1,450 million.

There was little change in the proportion of the balance of outstanding bank advances to owner-occupier farmers (88.3 per cent), tenant farmers (8.8 per cent), agricultural contractors (2.3 per cent) and livestock salesmen (0.6 per cent).

The prevalence of advances to owner-occupier farms reflects the structure of agriculture in Scotland, where 74% of agricultural area (excluding common grazing) is owner-occupied.

Estimates of total liabilities to Scottish agriculture were published in the 2010 Economic Report on Scottish Agriculture. In 2009, this stood at £2,315 million of which £1,385 million (60 per cent) was from bank borrowing. The remaining £930 million came from hire purchase, leasing, family members and other sources.

The Farm Accounts Survey (FAS) provides detailed results on farm liabilities, including bank loans and overdrafts by farm type and tenure. The FAS is representative of larger farms in Scotland. The latest available results from 2008/09 show that the average farm had external liabilities of £89,900 including bank loans and overdrafts of £52,600.

Bank Advances Tables and Chart (Excel format)

Bank Advances to Scottish Agriculture at 31st May each year

Bank Advances To Scottish Agriculture as at 31st May

Advances (£m)Advances (£m)Year on year changeYear on year changeIndex May 2010 = 100Index May 2010 = 100
MayCurrentRealCurrentRealCurrentReal
1980517.91,705.937.3%16.4%34113
1981616.41,814.619.0%6.4%41120
1982664.61,801.57.8%-0.7%44120
1983741.31,921.411.5%6.7%49128
1984823.92,033.711.1%5.8%55135
1985885.72,061.17.5%1.3%59137
1986969.72,182.59.5%5.9%64145
1987958.42,071.0-1.2%-5.1%64138
1988927.21,910.2-3.3%-7.8%62127
1989911.41,741.6-1.7%-8.8%61116
1990890.41,554.2-2.3%-10.8%59103
1991886.11,461.2-0.5%-6.0%5997
1992895.91,424.11.1%-2.5%5995
1993870.21,362.0-2.9%-4.4%5890
1994894.51,366.22.8%0.3%5991
1995895.91,323.10.2%-3.2%5988
1996942.31,358.45.2%2.7%6390
1997967.81,352.82.7%-0.4%6490
19981,065.61,440.410.1%6.5%7196
19991,057.91,408.1-0.7%-2.2%7093
20001,188.81,537.412.4%9.2%79102
20011,213.41,541.02.1%0.2%81102
20021,233.81,541.61.7%0.0%82102
20031,299.81,578.25.4%2.4%86105
20041,282.71,512.6-1.3%-4.2%85100
20051,298.31,488.91.2%-1.6%8699
20061,321.71,468.71.8%-1.4%8898
20071,419.01,512.57.4%3.0%94100
20081,390.31,424.8-2.0%-5.8%9295
20091,385.41,427.4-0.4%0.2%9295
20101,506.21,506.28.7%5.5%100100


Bank Advances By Sector as at 31st May

MayFarmers (Occupiers)

Farmers (Tenants)

TotalAgricultural ContractorsLivestock SalesmenTotal
198080.8%15.1%95.8%1.5%2.7%100%
198182.3%15.0%97.3%1.0%1.7%100%
198281.3%14.9%96.2%1.2%2.7%100%
198382.4%14.5%96.9%1.0%2.1%100%
198482.5%14.6%97.0%1.0%2.0%100%
198582.3%14.4%96.7%1.4%1.9%100%
198682.2%15.1%97.3%1.5%1.2%100%
198782.5%15.2%97.7%1.3%1.0%100%
198882.6%15.1%97.7%1.2%1.0%100%
198982.6%14.7%97.3%1.5%1.2%100%
199082.2%14.9%97.1%1.2%1.7%100%
199182.2%14.6%96.8%1.5%1.7%100%
199283.0%13.9%96.9%1.7%1.4%100%
199383.5%13.3%96.8%2.1%1.1%100%
199484.0%13.1%97.0%1.9%1.1%100%
199584.1%12.7%96.8%2.0%1.2%100%
199684.2%12.3%96.4%1.5%2.0%100%
199783.9%13.3%97.2%1.3%1.4%100%
199882.7%14.2%96.8%1.2%2.0%100%
199983.2%13.4%96.6%1.4%2.0%100%
200081.9%13.1%95.0%2.7%2.2%100%
200184.1%10.5%94.6%2.9%2.5%100%
200286.4%10.1%96.5%2.7%0.8%100%
200386.1%9.7%95.8%3.6%0.6%100%
200486.8%9.6%96.4%3.2%0.4%100%
200586.8%9.7%96.6%3.0%0.4%100%
200686.5%9.9%96.4%3.2%0.4%100%
200787.5%8.9%96.5%3.0%0.5%100%
200887.8%9.3%97.1%2.5%0.4%100%
200988.3%9.0%97.3%2.2%0.5%100%
201088.3%8.8%97.1%2.3%0.6%100%