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ARTICLE · 05 SEPTEMBER 2012

Farm Incomes Boom

Smith & Williamson
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2011 was a very successful year for farm businesses, with profits hitting their highest levels for 15 years.

United KingdomStrategy
Susan Shaw
Susan Shaw

2011 was a very successful year for farm businesses, with profits hitting their highest levels for 15 years. This impressive performance is shown in the latest total income from farming figures released by Defra in May.

Total income from farming

The total income from farming (TIFF) figures show the returns to entrepreneurs (farmers) in UK farming – they are a close reflection of the aggregated profit for the agricultural industry. For 2011, profit is (provisionally) put at £5.69bn. This is a 25% improvement in real terms over the 2010 figure. This profit is also the industry's best performance since 1996, and is £0.5bn higher than the next best year in that 15-year period (which was 2009).

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