Average farm incomes in Scotland rise to record highs

Average farm incomes in Scotland have risen to the highest levels on record, with agricultural activity alone being profitable for the average farm.

Farm income is estimated to be £69,100 in 2022-23, rising by £14,600 from the year before, according to the Scottish government's Farm Business Survey.

The upturn in prices, published by the Chief Statistician, was mostly driven by increases in cereals, milk, and livestock output, reflecting strong wholesale prices.

However, total input costs increased 12 percent to £262,400 for the average farm, according to the report which looked at 400 farms.