Welsh farm incomes drop 34% in face of 'real challenges' for farmers

Dairy incomes for the period April 2023-March 2024 plummeted 59% as milk prices dropped, according to Welsh Government figures

Alex Black
clock • 2 min read
Farmers' Union of Wales deputy president Dai Miles said the figures demonstrated the ‘economic reality' of trying to maintain profitability against a backdrop of increasing costs and red tape.
Image:

Farmers' Union of Wales deputy president Dai Miles said the figures demonstrated the ‘economic reality' of trying to maintain profitability against a backdrop of increasing costs and red tape.

A drop in incomes on Welsh farms highlights the ‘real challenges facing farmers' and why farmer confidence is lacking, according to NFU Cymru. According to figures released by the Welsh Government for...

To continue reading...

Already a member? Login for full access.

Login

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358
Register for free Join Now

 

More on Farm Business

New study aims to help Scottish farmers negotiate agricultural transition
Farm Business

New study aims to help Scottish farmers negotiate agricultural transition

Farmers say red tape and financial risk preventing engagement with schemes

Jane Thynne
clock 27 November 2025 • 3 min read
Five key takeaways from the Budget and how it will impact your farm business
Farm Business

Five key takeaways from the Budget and how it will impact your farm business

While financial experts have welcomed the concession on Inheritance Tax, several other measures were introduced which could leave farmers worse off

Jane Thynne
clock 27 November 2025 • 5 min read
Milkshakes and coffees to be hit with new 'sugar tax'
Farm Business

Milkshakes and coffees to be hit with new 'sugar tax'

Dairy products including yoghurt drinks and chocolate milk could fall foul of new rules as Gov says tax will cut obesity rates and raise £40m for Treasury

Jane Thynne
clock 25 November 2025 • 4 min read