Incomes fall 75% in two years

19 May 1999

Incomes fall 75% in two years

FARM incomes fell by 75% over the last two years, according to a new report published by the National Farmers Union (NFU).

In three sectors – pigs and poultry, mixed farms, and lowland cattle and sheep farms – net incomes are forecast to be negative this year.

Nine out of 10 rural businesses have laid off staff in the last year and say business confidence is at an all-time low, the report claims.

• NFU points up damage to rural economy, FWi, yesterday (18 May, 1999)
• Two-thirds of farmers diversify, FWi, 06 May, 1999
• Farm incomes plummet again, FWi, 28 January, 1999
  

• Financial Times 19/05/99 page 12 (News Digest)