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Farm Borrowing Statistics

Farm borrowing statistics based on information collected from banks and mortgage companies operating in Scotland were published on 20th August 2009.

At the end of May 2009 total outstanding advances to the Scottish agricultural industry were estimated to be £1,385 million. This represents an actual decrease of £5.7 million (0.4 per cent) on the 2008 figure. In real terms (adjusting for deflation across the same period using the retail price index) this represents an increase of 0.7 per cent.

The figures include advances to agricultural contractors and livestock salesmen. However, advances to farmers accounts for over 97 per cent of the total, with 88 per cent of total advances to agriculture going to owner-occupiers.

The prevalence of lending to owner-occupiers reflects the structure of agriculture in Scotland, where 72% of agricultural area (excluding common grazing) is owner-occupied.

CHART : Bank Advances To Scottish Agriculture as at May 31 1980 to 2009

Farm Borrowing

Table of Bank Advances To Scottish Agriculture as at May 31 2009

Advances (£m)Advances (£m)Index May 2009 = 100Index May 2009 = 100
MayCurrentRealCurrentReal
1980518165237119
1981616176045127
1982665173348125
1983741186454135
1984824197160142
1985886198064143
1986970210970152
1987958200169145
1988927185867134
1989911168666122
1990890150264108
1991886141364102
199289613696599
199387013126395
199489513156595
199589612746592
199694213126895
199796813137095
19981066138777100
1999105813597698
20001189148286107
20011213148288107
20021234149089108
20031300152494110
20041283146493106
20051298143994104
20061322142395103
200714191464102106

2008

2009

1390

1385

1376

1385

100

100

99

100



Bank Advances By Sector as at May 31 2009

MayOccupiersTenantsTotalAgricultural
Contractors
Livestock
Salesman
Total
198182.30%15.00%97.30%1.00%1.70%100.00%
198281.30%14.90%96.20%1.20%2.70%100.00%
198382.40%14.50%96.90%1.00%2.10%100.00%
198482.50%14.60%97.00%1.00%2.00%100.00%
198582.30%14.40%96.70%1.40%1.90%100.00%
198682.20%15.10%97.30%1.50%1.20%100.00%
198782.50%15.20%97.70%1.30%1.00%100.00%
198882.60%15.10%97.70%1.20%1.00%100.00%
198982.60%14.70%97.30%1.50%1.20%100.00%
199082.20%14.90%97.10%1.20%1.70%100.00%
199182.20%14.60%96.80%1.50%1.70%100.00%
199283.00%13.90%96.90%1.70%1.40%100.00%
199383.50%13.30%96.80%2.10%1.10%100.00%
199484.00%13.10%97.00%1.90%1.10%100.00%
199584.10%12.70%96.80%2.00%1.20%100.00%
199684.20%12.30%96.40%1.50%2.00%100.00%
199783.90%13.30%97.20%1.30%1.40%100.00%
199882.70%14.20%96.80%1.20%2.00%100.00%
199983.20%13.40%96.60%1.40%2.00%100.00%
200081.90%13.10%95.00%2.70%2.20%100.00%
200184.10%10.50%94.60%2.90%2.50%100.00%
200286.40%10.10%96.50%2.70%0.80%100.00%
200386.10%9.70%95.80%3.60%0.60%100.00%
200486.80%9.60%96.40%3.20%0.40%100.00%
200586.80%9.70%96.60%3.00%0.40%100.00%
200686.50%9.90%96.40%3.20%0.40%100.00%
200787.50%8.90%96.50%3.00%0.50%100.00%

2008

2009

87.80%

88.30%

9.30%

9.00%

97.10%

97.30%

2.60%

2.20%

0.30%

0.50%

100.00%

100.00%