Defra’s latest Farm Business Income figures show average agricultural incomes fell by 32 per cent in 2012/13. Livestock and horticultural producers were hit by reductions in real terms of 50 per cent and 45 per cent respectively, while dairy and cereals farmers suffered falls in income of 43 per cent and 30 per cent.
The NFU said the results highlight the financial impact of poor weather in 2012 – and the need to ensure that a consultation on CAP implementation results in a system of support which allows farmers to take their businesses forward.
On horticulture farms average incomes fell by over 40 percent as the poor growing season reduced output from fruit, flowers, bulbs and hardy nursery stock, Defra said.
Output from outdoor vegetables and potatoes increased, reflecting higher farmgate prices and a higher yield for some crops.
Last year's average horticulture income per farm wasd £53,000. This has dropped to to £30,000 on average per farm this year, Defra found.
Over a fifth of horticultural businesses Defra surveyed failed to make a profit.