The incomes of commercial farms in Scotland are estimated to have halved over the four years to 2014.
The latest reduction in farm business income, a measure of the return to unpaid labour on commercial farms, continues a four-year decline in average income.
Average farm business income fell by a quarter (£8,000) between 2013 and 2014, to £23,000 which is the lowest level of FBI since the measure was introduced, according to estimates from the Scottish government’s annual farm accounts survey. Since peaking at £51,000 in 2010, commercial farms have seen a decrease of 55% (£28,000).
The results are based on annual audits of 500 commercial farms in Scotland.