Aggregate agricultural output and income: 2022

The 2022 provisional estimate for agricultural output has reached an all-time high following an exceptional year of price increases across the majority of commodities that have offset increases in input prices. It is anticipated that the current rises in costs of living will be more evident in the 2023 estimate.

In 2022, it is estimated that both gross value added and total income from farming increased for the third consecutive year (nearly 40% and just over 55% respectively). Aggregate agricultural output increased over 20% in 2022, alongside an increase of around 15% in intermediate consumption.

Main points

• The value of aggregate agricultural output (gross output) rose by just over £400 million (or 23%) to just over £2.1 billion in 2022.
• Intermediate consumption (the goods and services consumed or used in the production process) increased by nearly £180 million (or 15%) to around £1.4 billion in 2022. This is, in effect, an increase in costs.
• Gross value added (aggregate agricultural output, less intermediate consumption) increased by around £225 million (or 38%) to just over £810 million in 2022.
• Total income from farming increased by around £215 million (a little over 55%) to nearly £600 million in 2022.