High Level Summary of Statistics Trend Last update: January 2018
Total Income From Farming
Last updated: January 2018
The long term trend, illustrated in Chart 2, inevitably includes some jumps in individual elements where a particular methodology has changed and it has not been possible or preferable to recalculate the time-series back to 1973. However these individual discontinuities are considered small enough relative to the overall pattern of changes in TIFF.
In real terms (once inflation has been accounted for), high inflation in the mid-1970s resulted in a large fall in TIFF. TIFF then almost trebled between 1990 and 1995 before falling from 1995 to 1998 primarily due to a strong pound, weak world commodity prices and the impact of BSE. The outbreak of Foot and Mouth Disease in 2001 appears to have had little impact on TIFF. The real terms value of TIFF then almost trebled between 1998 and 2013, showing consistent steady growth, though fluctuating every few years.
Total outputs from farms in Scotland fell from £2.86 billion in 2015 to £2.82 billion in 2016. Once inflation is taken into account this was a decrease of three per cent. The first estimates for 2017 suggest a rise of £390 million to £3.21 billion, or a real terms increase of 12 per cent.
Total costs for farms in Scotland fell from £2.68 billion in 2015 to £2.62 billion in 2016. Once inflation is taken into account this was a fall of four per cent. The first estimates for 2017 suggest a rise of £184 million to £2.80 billion, or a real terms rise of five per cent.
Subsidies and other payments are mainly affected by changes in the euro exchange-rate. This meant that in 2016 total payments (excluding coupled support) rose by £16 million to £467 million, a one per cent increase after accounting for inflation. However, in 2017, budgeted figures saw a €24 million increase in the initial euro amount meaning 2017 payments increased by £39 million to £506 million, a six per cent increase after accounting for inflation.
Source: “Total Income from Farming 2015 - 2017”, Scottish Government Rural and Environment Science and Analytical Services Division
Total Income from Farming Estimates 2015 to 2017 (Published January 2018)