Total Income from Farming Rising03 December 2012
UK - The UK's total income from farming is estimated to have risen by 24 per cent year on year in 2011.
The latest estimate from the Department of the Environment Food and Rural Affairs shows that the total income increased by £1.084 billion to £5.567 billion.
In real terms, after adjustment for the effect of inflation, the total income from farming rose by £851 million or 18 per cent.
Defra says that this represents the best performance for the agricultural industry since the mid-1990s.
The total income from farming per annual work unit (AWU) of entrepreneurial labour - farmers and other unpaid labour - is estimated to have risen by 16 per cent in 2011 to £30,000 in real terms.
Over the longer term, total income from farming per Annual Work Unit (AWU) of entrepreneurial labour has performed better than total income from farming owing to a decline in the number of farmers and other unpaid workers, the Defra report says.
Further ReadingYou can view the full report by clicking here.
TheCattleSite News Desk