HROC (agency) - Kubota
Farminguk
01 October 2016 | Online since 2003
Auto Trader Ltd


22 January 2014 02:17:54 |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

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

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


USA | 30 September 2016
Toolbox unveiled to help preserve agriculture in Utah County

Rex Larsen, a fifth-generation Utah County farmer, is facing issues that the previous generations didn’t have to worry about, namely, rapid urban development encroaching on farmland. His farm, he s...


China | 30 September 2016
Will big agriculture mergers impact smallholder farmers?

A tsunami-sized wave of corporate megamergers sweeping the agrochemical industry has the potential to reshape the landscape of global farming and food production. If approved, the multibillion doll...


USA | 30 September 2016
Morris farm works to rebound after beef recall

A Connecticut farm in the middle of a beef recall is giving refunds, and fighting to guarantee its reputation. Truelove Farms had one steer sent off to Adams Farm in Massachusetts in late July for ...


USA | 30 September 2016
Small dairy farm wins with robotic milking

Old English cheese recipes and high-tech production put Kenton County farmer on the menu. On a rainy day, Eddie Gibson sits outside his dairy barn near Walton looking out at his 130-acre farm. Surr...


Canada | 30 September 2016
Schumer continues push against harmful Canadian dairy rules

A push against Canadian protectionism harming O-AT-KA Milk and dairy entities has reached federa Department of Agriculture Secretary Tom Vilsack. Democratic Sen. Charles Schumer said Wednesday that...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

Farm subsidy payments funded by the UK taxpayer are being paid to millionai...


FarmingUK
FarmingUK Logo

FarmingUK

Labour will end the badger cull and prioritise ending bovine TB, Shadow Def...


FarmingUK
FarmingUK Logo

FarmingUK

A herd of rare White Park cattle could die out if its owners do not urgentl...


FarmingUK
FarmingUK Logo

FarmingUK

The UK government is "failing" to support farmers in the long-term accordin...


FarmingUK
FarmingUK Logo

FarmingUK

Retailer Co-op has announced that from May 2017 all of its bacon and lamb w...


FarmingUK
FarmingUK Logo

FarmingUK

Over 50 wildlife organisations have compiled a stock-take of all the UK's n...


FarmingUK
FarmingUK Logo

FarmingUK

In the run up to the EU farm ministers meeting the agricultural sector have...


FarmingUK
FarmingUK Logo

FarmingUK

The RPA must iron out a number of problems that still exist with 2015 BPS p...


FarmingUK
FarmingUK Logo

FarmingUK

Tourism businesses in the countryside are being held back due to the uncert...


FarmingUK
FarmingUK Logo

FarmingUK

A 24 point action plan aimed at revitalising Scotland's sheep sector after ...


closeicon
Username
Password