High Level Summary of Statistics Trend Last update: Monday, February 18, 2008
Total Income From Farming
Between 1990 and 1995 Scottish aggregate farm incomes in real terms almost tripled to reach a historically high level in 1995.
Compared to the mid 1990s aggregate farm incomes remain relatively low, however, 1995 was an exceptionally good year. The fall from 1995-98 was primarily due to a strong pound, weak world commodity prices and the impact of BSE (Bovine Spongiform Encephalopathy) and then Foot and Mouth Disease. Since 1998, in real terms, Total Income from Farming ( TIFF) has recovered to two-thirds of the 1995 peak.
TIFF figures for 2007 show aggregate incomes to have risen by 16.7% since 2006 (an increase of 11.9% once inflation is taken into account). The figures show that in 2007 TIFF is estimated to be £627.5 million.
Source: 2007 Scottish Farm Income Estimates
Further Information