High Level Summary of Statistics Trend Last update: January, 2012
Total Income From Farming
In real terms, once inflation has been accounted for, TIFF almost tripled between 1990 and 1995. The fall from 1995 to 1998 was primarily due to a strong pound, weak world commodity prices and the impact of BSE. This was followed by the outbreak of Foot and Mouth Disease in 2001. Since 1998, TIFF has doubled, recovering to 60 per cent of the 1995 peak. High inflation in the mid 1970s resulted in high TIFF values in real terms
Total Income From Farming (TIFF) increased by £23 million to £596 million between 2010 and 2011. This represents a rise of 4.1 per cent before inflation is accounted for but a fall of 1 per cent in real terms
In 2011, there was a £338 million (13.9 per cent) increase in the value of agricultural outputs to £2.76 billion. There was a corresponding increase in input and other costs of £277 million (13.0 per cent) to £2.40 billion. Other changes include a £32 million (9.7 per cent) increase in consumption of fixed capital and a £5 million (0.8 per cent) decrease in payments and subsidies
Revisions have been made to the TIFF time series, incorporating improvements to the estimation methodologies and receipt of more recent data for the 2010 year. For the most recent years, TIFF has been revised down £39 million (7.8 per cent) in 2009 and £46 million (7.4 per cent ) in 2010. The revised trend in TIFF between 2009 and 2010 shows an increase of £115 million (25 per cent) before inflation, the same trend as published in January 2011
In 2011, the value of Outputs has risen by £338 million (13.9 per cent), whilst the value of Inputs has risen by £264 million (15.2 per cent). Other Costs to farmers have risen by £13 million (3.5 per cent) and the value of de-coupled Payments and Subsidies has decreased by £5 million (0.8 per cent). These factors, along with an increase in the Consumption of Fixed Capital of £32 million (9.7 per cent), combine to produce an overall increase in Total Income From Farming of £23 million (4.1 per cent).
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Source: 2011 Scottish Farm Income Estimates, Scottish Government Rural and Environment Science and Analytical Services Directorate
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