Most farm types realised an increase in FBI for the year
to February 2009.
Defra has released its latest Farm Business Income (FBI)
results. The figures run for the period March to February, covering
the 2008 harvest and including the 2008 SP.
Average farm business income for all farm types increased
marginally to £50,900 compared to £49,800 (in real
terms at 2008/09 prices) in 2008, although this figure masks a
large variation between the different farm types.
The table illustrates the average FBI by farm type. Just about
all the different farm types realised an increase for the year
ending February 2009. This is due to an increase in the SP through
a more favourable exchange rate compared to the previous year and,
although input costs were a lot higher, the better prices for most
commodities, particularly in the beef, lamb and pig meat sectors
more than offset these.
