Auto Trader Ltd
Farminguk
02 May 2016 | Online since 2003
OvoConcept


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


Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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

World News

United Kingdom | 29 April 2016
Banned pesticides 'not equally harmful' to bees

The largest field study so far in to the group of pesticides called "neonicotinoids" has concluded that each acts differently on the brains of the bees. One of the chemicals widely considered as be...


Canada | 29 April 2016
Competing ethical meat standards leave Alberta beef farmers in crossfire

Colleen Biggs and her husband, Dylan, own an award-winning livestock operation in Alberta. TK Ranch produces beef without antibiotics, drugs, added hormones, animal by-products and chemical insecticid...


India | 29 April 2016
Govt plans to use quarter of farmland for horticulture

In a bid to gain from Haryana's close proximity to the national capital, the state government has planned to use major chunks of agriculture land for horticulture in the state. The state governmen...


Austria | 29 April 2016
Negative effect on Austrian agriculture

The trade agreement between the US and Europe, TTIP, will have negative effects on employment and the biggest losses in jobs will be in the agricultural and food producing sectors. This is one of ...


New Zealand | 29 April 2016
Suicide concerns rise for farmers as dairy downturn takes its toll

A rise in substance abuse and domestic violence in Golden Bay's rural community raises concerns over suicide as the dairy downturn continues to bite, mental health workers say. Community Mental Hea...



Trending Now

Viewed
Discussed

Farms and Land for sale


Holiday Rentals search



Top stories you may have missed
Username
Password