27 April 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


8 April 2015
Category Manager
Establish new & build on existing relationships with the customer, with the aim of moving us towards indispensable partne...

15 April 2015
Product Manager
A good knowledge of the agriculture sector is also required for this role. You will also need to have general knowledge on th...

21 April 2015
Sales Representatives
Salespeople wanted in the Bristol Area for our award-winning ethical brand A natural salesperson? Make a break and join the R...

15 April 2015
Product Manager (Commercial)
The successful candidate will have a firm understanding and general knowledge of agriculture, combines with proven negotiatio...

20 April 2015
Goods In - Quality Control Technician
Qualifications Dairy Hygiene Certifications Fork Truck Licence HACCP Awareness IOSH Working Safely. At Volac we believe that ...



Top stories you may have missed
10 April 2015 | Agri Safety

The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...


10 April 2015 | Dairy

The abolition of milk quotas in Europe on 1st April has resulted in a numbe...


10 April 2015 | Cattle

The top 14 milk producing countries in Europe will increase their productio...


10 April 2015 | News

Matt Ware is the NFU's head of government and parliamentary affairs, based ...


10 April 2015 | Arable

There is a 'desperate need' to improve farmgate returns given low incomes a...


9 April 2015 | Arable

Rapid stem extension, after a slow start to spring, is likely to create spl...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...


8 April 2015 | Cattle

Cogent’s reputation as a source of the highest calibre sires has been enhan...


8 April 2015 | Arable

The spread of exotic and aggressive strains of a plant fungus is presenting...


7 April 2015 | Animal Health

The FSA’s new Food Crime Unit wants the industry to share information, some...