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

 

More on Farm Business

Latest milk prices for dairy farmers: First Milk and Muller cut prices for February

Latest milk prices for dairy farmers: First Milk and Muller cut prices for February

Arla's price has dropped 3.5ppl for December

clock 06 January 2026 • 39 min read
Farmer Sophie Throup named as new NFU director general

Farmer Sophie Throup named as new NFU director general

Former Morrisons head of agriculture says she is 'honoured' to take the organisation forward

clock 06 January 2026 • 3 min read
Health focus opens opportunities for red meat and dairy

Health focus opens opportunities for red meat and dairy

However, the cost of living is a significant barrier for consumers looking to eat healthily

Alex Black
clock 06 January 2026 • 2 min read