04 May 2015 | Online since 2003



22 January 2014|Finance,News,NFU

Worrying decline in farm incomes - NFU


Farm incomes in Wales have undergone a further, significant decline according to figures released by the Welsh Government today.

The figures, which cover the period 2012-13, are based on three data sets, namely Farm Business Income, Net Farm Income and Cash Income.

The figures show another worrying decline in farm incomes in Wales, with the combined ‘All Farm Types’ net farm income figure for 2012-13 standing at £16.500, a fall of 44 per cent on the 2011-12 figure.


For cattle and sheep farms operating in the Less Favoured Area, average farm income per farm decreased by an average of around 53 per cent to £11,300. Average farm business income on lowland cattle and sheep farms decreased by 26% to just over £19,800; whilst dairy farms saw their incomes fall by 42% to £32,500.

Commenting on the figures, NFU Cymru President, Ed Bailey said, “As farmers we are used to some year on year variation in farm income and the fact that some sectors might fare better than others.

"What is so alarming about these figures is the sheer size of the drop in incomes across all farm types (44 per cent) and the fact that this drop has been witnessed across all sectors represented in these statistics.”

Mr Bailey continued, “These figures are of course reflective of the dreadful weather we had during the summer of 2012, which hit productivity hard and added significantly to costs. What has not been fully reflected in these figures of course was the very late arrival of spring in 2013 and the severe snowfall that large parts of Wales experienced at the end of March, leading to significant losses and adding massively to costs.

"The horrendous start to spring 2013 has only been partly reflected in these figures, most of the costs, including additional purchased feed and the loss of livestock have yet to work their way into the system, and this certainly does not bode well for 2013-14 farm incomes in Wales.”

Mr Bailey concluded, “Farmers in Wales were of course dealt a significant blow at the end of 2013 when the Minister for Natural Resources and Food, Alun Davies, announced that he was to transfer 15% of direct payments to farmers, into Pillar 2.

"NFU Cymru has consistently argued against this deeply unpopular decision as it will put a further strain on farm incomes in Wales over the coming years. The Union is of the firm view that this further undermines our resilience. There are no guarantees that farmers will be able to recover the income that they will lose from this transfer process.”

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


21 April 2015
General Farm Worker - Gloucester
General Farm Worker. Required to join a strong dynamic team on a high achieving large arable and poultry farm with substantia...

17 April 2015
National Trials Manager
HGCA is the Cereals and Oilseeds Division of the Agriculture and Horticulture Development Board. An experienced Trials Manage...

15 April 2015
Principal/Senior Consultant – Agriculture
Leverage existing relationships to develop new business in agriculture and land-use areas; Provide relevant expertise and tec...

24 April 2015
Trainee Packaging Technologist
This is an opportunity for someone to work as part of the packaging development team to train and develop over a fixed time p...

14 April 2015
Graduate Digital Sales Executive
Our client specialises in producing sustainable agriculture, animal health and welfare literature. Graduate Digital Sales Exe...



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...