Farm Accounts in England

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Farm Accounts in England 2015/16

Free UK delivery on Farm Accounts in England 2015/16

In Paperback Format
Farm Accounts in England 2015/16
Results of the Farm Business Survey

£17.50
ISBN
9781787320161
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
19 January 2017
Edition
2015/16
Format
Paperback
Extent
187 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance. This publication also includes detailed information on farm diversification and succession plans.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture. 


Farm Accounts in England 2014/15

Free UK delivery on Farm Accounts in England 2014/15

In Paperback Format
Farm Accounts in England 2014/15
Results of the Farm Business Survey

£17.50
ISBN
9781785840968
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
18 December 2015
Edition
2014/15
Format
Paperback
Extent
189 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture.

Key results
  • In 2014/15, average Farm Business Income was lower across all robust farm types except grazing livestock farms. On lowland grazing livestock farms average incomes increased by 23 percent, albeit from a low base, whilst on Less Favoured Area (LFA) grazing livestock farms average incomes were similar to the previous year.
  • For cropping farms, improved weather and a return to more usual cropping patterns saw an increased area of winter crops compared to the previous year and a substantial improvement in yields. However, the increased production was offset by lower commodity prices due to a strong pound and plentiful supplies on global markets.
  • On dairy farms the lower average income was driven by a reduced value of output from milk production. Milk prices fell gradually throughout the year but for the first six months were higher than for the same period in 2013. This together with increased volumes partially offset the lower average price for the year as a whole.
  • Average incomes on pig and specialist poultry farms fell due to a reduced output for pig and poultry meat.
  • The higher value of the pound against the euro led to a lower Single Payment. It also had a negative impact on prices as domestic production had to compete with cheaper imports and alternative suppliers for export markets.
 


Farm Accounts in England 2013/14

Free UK delivery on Farm Accounts in England 2013/14

In Paperback Format
Farm Accounts in England 2013/14
Results of the Farm Business Survey

£17.50
ISBN
9781910535325
Author
Department for Environment, Food and Rural Affairs
Published by
Dandy Booksellers Ltd
Publication Date
8 January 2015
Edition
2013/14
Format
Paperback
Extent
184 pages
Dimensions
A4 (210 x 297 mm)

Farm Accounts in England is the primary publication from the Farm Business Survey. It provides information on farm incomes, outputs and costs for the various farm types, farm sizes, regions and economic performance.

The main income measure used is Farm Business Income. For non-corporate businesses, Farm Business Income represents the financial return to all unpaid labour on the farm (farmers and spouses, non-principal partners and their spouses and family workers) and on all their capital invested in the farm business, including land and buildings. For corporate businesses it represents the financial return on the shareholders’ capital invested in the farm business. Farm Business Income is essentially the same as Net Profit, which, as a standard financial accounting measure of income, is used widely within and outside agriculture.

Key results
  • Average Farm Business Income fell on cereals, general cropping, mixed and grazing livestock farms in 2013/14 but increased on dairy, specialist pig and specialist poultry farms.
  • For the cropping sector, the wet autumn of 2012 continued to influence profitability. Drilling was disrupted, leading to increased areas of lower yielding spring crops harvested in 2013. Crop prices were also lower due to weakening global markets.
  • On dairy farms, the increased income was driven by a higher milk price (14% higher than in 2012/13) and increased production (8% higher than in 2012/13).
  • Average incomes fell on grazing livestock farms (lowland and LFA). The cold, late spring following the wet autumn of 2012 led to higher feed costs and lower output from the sheep enterprises. In the LFA, output from beef was also lower than in 2012.
  • The 2013 Single Payment was, on average, unchanged compared to the previous year. The impact of the weaker exchange rate was offset by the introduction of financial discipline.
 
  • Results from the Farm Business Survey 2013/14 Bulletin
  • Incomes
  • Business output, input costs and income
  • Details by farm type
  • Distribution of farm incomes
  • Balance sheets
  • Bank borrowings and external liabilities
  • Crop yields and implied output price of crops and livestock
  • Flow of funds statement by farm type
  • Trading account Financial versus management account
  • Gross margins for crop and livestock enterprises
  • Farm diversification figures



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