Farm incomes: April 2021 to March 2022

These figures represent the results of the Wales Farm Business Survey for 2021-22.

The report includes an additional table with trends in three different measures of farm income.

The coronavirus (COVID-19) pandemic continued to disrupt the collection of data which resulted in the sample being reduced from the usual 550 farms to 517 farms for the 2021-22 year.

Average farm business income in Wales in 2021-22, and change since 2020-21 (at current prices)

Dairy farms

Average income has varied greatly over the past eight years. After a drop in 2018-19, income has steadily increased year on year and has reached a new high in 2021-22 of £88,000. This is an increase of 46% on last year and is notably higher than the low period of 2015-16 and 2016-17.

Cattle and sheep (Less Favoured Area) farms

After a low in 2018-19 average income increased for the third consecutive year in 2021-22 to £38,600 (an increase of 29%) and is the highest since 2011-12.

Cattle and sheep (lowland) farms

Following a two year decrease since 2017-18, average income in 2021-22 saw the second consecutive annual increase reaching £26,500 (an increase of 16%) and is the highest since 2014-15.