Figures released by DEFRA show that average farm business income for all farm types was slightly higher in 2008/09 at £50,900 compared to £48,200 in 2007/08. This reflects firmer prices during the year for a range of commodities, particularly pigmeat, lamb and beef and to a lesser extent milk. Farmers also saw an increase in the value of their single farm payment due to a more favourable exchange rate compared to the previous year.

Of the individual farm types, specialist pig farms, grazing livestock farms and dairy farms all saw modest increases in income, whilst cereal farms, poultry farms and horticultural units saw a small decline in income.

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