Farm business income

Updated 16 October 2024

Latest UK dairy farm business income statistics by region on an annual basis.
Accounting YearaEnglandWalesScotlandNorthern Ireland
£ per farm
2003/04b 30,500 25,700   23,800
2004/05  33,000 28,500   24,900
2005/06  33,500 30,500   28,500
2006/07  31,000 30,500 47,000 27,500
2007/08  55,000 51,500 69,500 58,500
2008/09  69,500 62,000 78,500 37,500
2009/10c 59,000 47,500 90,500 20,000
2010/11  66,000 57,500 97,500 51,500
2011/12  86,500 68,000 83,500 58,000
2012/13d 52,500 45,000 63,500 28,000
2013/14e 88,000 77,000 75,000 61,500
2014/15  84,000 70,000 81,000 45,500
2015/16f 44,000 33,000 6,500 12,000
2016/17  50,000 31,500 41,500 23,500
2017/18  118,500 82,500 76,500 68,000
2018/19 79,500 46,500 68,000 58,000
2019/20 85,000 50,500 51,000 52,000
2020/21 92,500 60,000 101,500 63,000
2021/22 140,000 88,000 164,000 83,000
2022/23 229,000 165,000 248,500 na

Additional information

a) Data shown is average farm business income at current prices with figures rounded to £500. All figures are accounting years ending February.

b) Data from 2003-04 to 2008/09 is based upon Standard Gross Margin (GSM) typology 

c) 2009/10 data for England, Wales and Northern Ireland nased upon Standard Output (SO) typology. Scotland results revised from 2009/10 to reflect new weighting methodology.

d) England and Wales results derived from 2010 standard output coefficients from 2012/13. Nothern Ireland from 2013/14. Scotland hresults based on 2007 standard output co-efficients.

e) England, Wales and Northern Ireland 2013/14 onwards are derived using 2010 standard output co-efficients. Scotland are based on 2007 standard output coefficients.

f) Scotland results derived from 2010 standard output co-efficients.

* Provisional

How is Farm Business Income worked out?

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Farm business income

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This dataset was produced by our Data and Analysis Team. To find out more about the team, please visit the Data and Analysis team page.

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