Data for average farm business income, analysis of the variation around the average, and long term context for 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)
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.
Farm incomes, April 2021 to March 2022 , file type: PDF, file size: 982 KB
Datasets and interactive tools
Farm incomes, April 2021 to March 2022 , file type: ODS, file size: 55 KB
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