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According to latest figures published by Defra, in 2014/15, average Farm Business Income was lower across all robust farm types except grazing livestock farms.
On specialist pig farms, average Farm Business Income fell by almost a quarter in 2014/15 to £49,400 per farm. Total output from agriculture was around 10 percent lower almost entirely due to a reduced output from the pig enterprise as values for finished pigs and cull sows fell. This fall in output was partially offset by lower agricultural input costs, both variable and fixed. Cheaper feed accounted for much of the reduction in variable costs, driven by cheaper cereals and soya. In terms of fixed costs, lower labour and machinery costs were of a sufficient magnitude to offset an increase in building depreciation.
Thursday October 29, 2015/ DEFRA/ United Kingdom.
https://www.gov.uk
