29 March 2015 | Online since 2003



30 November 2012|Finance,News,Property News

Farm income figures show rise of 15%


Farm income figures for Wales have shown an average increase of 15% coming from business income across all farm types.

"I am encouraged by these figures and the positive headline performance across the different sectors is undoubtedly good news, a marked change from the decade-long lows we witnessed before 2008" said NFU Cymru President Ed Bailey.

"It is profitability that underpins industry confidence and generates investment in the whole supply chain, which in turn boosts the Welsh economy by creating jobs and economic growth. Profitability is also vital if, as an industry, we are to attract young farmers and new entrants into agriculture."

The newly released figures cover the period up until the end of February 2012, are in stark contrast to the 2010/2011 figures which showed a 22% fall.

But farming groups have warned the agricultural sector that a difficult winter lies ahead.

Poor harvests have lead to many farmers dependent on buying in feed for their animals with the price of concentrates having increased by 20 to 30%.

Bailey said that, with the increase in the strength of the pound against the Euro, the value of the Single Farm Payment would also be down this year by around eight per cent, another factor certain to hit future farm profitability.

"This week we heard from the Deputy Minister Alun Davies’ office that 91 per cent of farmers in Wales will receive their Single Farm Payment on the first day of the payment window" said Bailey.

"The Deputy Minister and his staff are to be congratulated on this excellent achievement because such prompt payments are certainly a considerable help to managing cash flow on the farm. I now very much hope that the remaining nine per cent of farmers will be paid by the Welsh Government in the very near future.”

Download



Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


18 March 2015
Assistant Flood Risk Consultant
Wind Farms, Roads Schemes, & Mini Hydro Schemes. We are currently recruiting for an Assistant Flood Risk Consultant to jo...

12 March 2015
Retail Shop Apprentice
Bains Supersave Ltd sell a range of household groceries such as fresh fruit and vegetables, dairy items and frozen foods....

25 March 2015
Inspector
The successful candidate will have experience in food manufacturing and/or agriculture or horticulture. Soil Association Cert...

12 March 2015
Apprentice Light Vehicle Technician
Table Oak Farm. This vacancy is for a small company who repair and restore classic cars....

16 March 2015
Client Account Manager - Poultry Biosecurity
Agriculture, Animal Husbandry, Poultry Management, Food Science, Meat Technology, Food Microbiology or a related discipline.....




Top stories you may have missed
23 March 2015 | Cattle

UK butchers face difficulties to recruit...

Butchers in the UK are losing a generation through lack of training opportu...


20 March 2015 | Arable

Dust - the secret fertiliser?

NASA research has revealed how dust blown from the Sahara desert helps supp...


19 March 2015 | Arable

The Budget 2015: A Farmer's Budget?

“In the run up to the Budget 2015 most commentators were predicting that th...


17 March 2015 | News

UK's first floating solar power system l...

The UK’s first fully operational floating solar panel system has been unvei...


13 March 2015 | Animal Health

Labour and Conservatives clash over badg...

Axing the badger cull in England and Wales will save more than £120 million...


12 March 2015 | News

Solar could be cheapest energy source by...

By 2025, solar power could become one of the cheapest forms of energy in ma...


11 March 2015 | Finance

English buyers turn their attention to S...

Demand for Scottish farm land remains strong and continues to be better val...


9 March 2015 | Cattle

2020 vision for the Welsh red meat indus...

The Welsh red meat industry should aim to increase sales by at least 34 per...


6 March 2015 | News

MP raises egg industry concerns on trans...

Fears about the impact that a proposed transatlantic trade agreement could ...


Stay safe and legal when flying drones

The use of Unmanned Aerial Vehicles and Unmanned Aircraft Systems - or dron...