UK farm incomes fall for third straight year
The strengthening pound (ahead of the Brexit vote) and falling prices compounded losses for some sectors.
However, within this there were some success stories. The figures - which give figures for the year to March 2016 - show cereal production, horticulture and general cropping performed better than expected, all other farm types performed poorly.
Incomes from general cropping rose by over 20% on the year, to £62,900 and horticulture incomes rose by 11% to £35,100; cereal growers fared worse, with incomes falling to £35,600 (though this figure was better than expected).
All livestock sectors fared worse than expected, but pig producers took the biggest hit, with incomes more than halved, down to £22,000 due to increased input costs and oversupply.
Dairy incomes were almost halved, too, down to £42,300, though some costs were also reduced, including purchased feed and forage. ■