Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, what work has been done to identify geographic disparities in farm profitability.
Data on Farm Business Income (output generated by the farm business minus total farm costs, essentially net profit) is published annually at regional level. While this shows geographic differences in farm profitability, it is also heavily influenced by the variation in the predominant type of farming in different parts of the country.
The survey covers farm businesses in England with a Standard Output of more than £21,000. Whilst it captures the majority of agricultural activity, it excludes smaller businesses (which account for 2% of output).
The table below shows average Farm Business Income, in real terms, by region for 2023/24. These data will shortly be backdated to a new methodology introduced in 2024/25. Data for 2024/25 along with revised 2023/24 figures will be published on the 22nd of January in Farm Accounts in England.
Average Farm Business Income in real terms (£ per farm) by region, England 2023/24:
| £ per farm |
Yorkshire and The Humber | 52,200 |
North East | 67,900 |
North West | 51,600 |
East Midlands | 32,300 |
West Midlands | 57,700 |
East | 67,000 |
South East and London | 35,100 |
South West | 36,100 |
England | 47,900 |
Source: Farm Business Survey data dashboard Farm Business Survey dashboard.