farm incomes

With farm incomes rising in 2024, Cedric Porter takes a look at historic trends and inflation

But farmers say no time to celebrate as confidence stands at all-time low

Scottish Government said farm incomes were at their 'lowest level' since 2020

The Tenant Farmers Association said the Government's decision to make area-based payments without considering evidenced claims has resulted in more severely affected farmers losing out on compensation 'with no means of recourse'

Incomes have barely improved in real terms since the 1970s

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

Bridget Gooden, who runs Garslade Farm on the Somerset Levels has noticed an increased level of interest from people wanting to stay on a working farm and puts it down to the 'Jeremy Clarkson effect' and the popularity of his TV series Clarkson's Farm

Farm finances were in discussion at the Groundswell Event

Farm incomes were expected to be down year-on-year for 2023