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Total farming income in the United Kingdom (UK) 2000-2019

This statistic shows the total income from farming in the United Kingdom from 2000 to 2019. Despite some fluctuation over the period, income generally rose between 2000 and 2019. In 2017, income peaked at 5.6 billion British pounds.

Total income from farming in the United Kingdom (UK) from 2000 to 2019

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Source

Release date

May 2020

Region

United Kingdom

Survey time period

2000 to 2019

Supplementary notes

Figures taken from accounts for the aggregate income of the UK agricultural sector and are based on current prices.

The source describes the Total Income from Farming (TIFF) measurement as follows: "Total Income from Farming is income generated by production within the agriculture industry including subsidies and represents business profits and remuneration for work done by owners and other unpaid workers. It excludes changes in the values of assets, including stocks, due to price changes but includes non-agricultural activities such as further processing or tourist activities where these cannot be separated from the agricultural business. It is the preferred measure of aggregate income for the agricultural industry conforming to internationally agreed national accounting principles required by the UK National Accounts and by Eurostat."

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