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

 

BNG Habitat Bank Creation & Unit Sales

BNG Habitat Bank Creation & Unit Sales

VIEW ADVERT
£POA

BUSINESS OPPORTUNITY

BUSINESS OPPORTUNITY

VIEW ADVERT
£POA

WATER ABSTRACTION LICENCES FOR SALE

WATER ABSTRACTION LICENCES FOR SALE

VIEW ADVERT
£POA

More on Farm Business

Chafer Machinery seeks 'professional financial advice' as firm prepares for potential sale

Chafer Machinery seeks 'professional financial advice' as firm prepares for potential sale

The Lincolnshire-based machinery dealership, with more than 120 years of trading history, said its factory will be closed as it seeks a buyer

Chris Brayford
clock 13 October 2025 • 1 min read
British Wool reports sharpest price increase in a decade as averages hit £1.18/kg

British Wool reports sharpest price increase in a decade as averages hit £1.18/kg

The most recent sale saw the ‘most intense level of competition in the last decade’

Alex Black
clock 11 October 2025 • 2 min read
Mairi Gougeon says SPS agreement is key to establish a closer relationship with the EU

Mairi Gougeon says SPS agreement is key to establish a closer relationship with the EU

The Cabinet Secretary attended this year’s largest food and beverage trade show with Quality Meat Scotland (QMS) to shine a spotlight on Scottish red meat

clock 11 October 2025 • 2 min read