5/25/2023 0 Comments Uncut magazine pdf blogspotIt is also worth noting that there has been a steady and significant growth in upland FBI over the past three years. What is evident from the FBI graph is that upland farm income is very volatile – the 2021-22 figures are almost 3 times as high as the 2013-14 ones. The FBI data for Grazing Livestock LFA farms since 2012 is summarised in the table below and is depicted in the two graphs below the table. ![]() Without these income streams the average upland farm would have made a profit of just £4100. FBI for upland farms rose by almost a third to an average of £42,900 with almost of this coming from public subsidies, environmental grants and diversified income. It should also be noted that despite the unprecedentedly strong sheep sales and prices the average English upland farm only made a profit of £200 from its agricultural activity. Nevertheless, the full impacts of the war in Ukraine will not be fully felt until the 2022-23 figures are published. Additionally, the concerns of Brexit on sheep sales to Europe appear not to have impacted on upland farm finances. The figures did somewhat surprise me as input costs (fertilisers and fuel costs for example) had already begun to rise by late 2021 as a result of global geopolitical insecurities. ![]() So, in summary, upland farming in England had its best year financially since 2011-12 and this was largely driven by strong sales particularly from sheep.
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