The Total Income from Farming (TIFF) for England in 2020, when adjusted for inflation, is 10% lower than the TIFF in 2019, according to the latest estimated income statistics released by the Department for Environment, Food and Rural Affairs.
TIFF for England in 2020 was £3,552 million, a decrease of £188 million compared with 2019.
The TIFF is the total profit from all farming businesses in England on a calendar year basis.
It is generated by production within the agriculture industry, including subsidies, and represents business profits and remuneration for work done by owners and other unpaid workers. It excludes changes in the value of assets, including stocks, due to price changes but includes non-agricultural activities such as further processing or tourist activities where these cannot be separated from the agricultural business.
Overall, the TIFF for six out of the eight regions that the information was broken down into was lower in 2020 than in 2019.
The biggest proportional decrease was an 18% reduction (-£70 million) in Yorkshire and the Humber, whilst the biggest proportional increase was a rise of 4.6% (+£20 million) in the West Midlands.
The South West made the biggest contribution to England’s TIFF in 2020 at £682 million (19.2%), followed by the east of England at £671 million (18.9%).
The North East made the smallest contribution at £128 million (3.6%).
When expressed on a ‘per hectare of farmed land’ basis, the West Midlands had the highest TIFF in 2020 at £488/ha. The region with the lowest TIFF per hectare was the North East, at £212.
The England average was £389/ha.
For every year from 2010-2020, either the East of England or the South West was the region with the highest TIFF and the North East was the lowest. Regional shares of TIFF have remained fairly stable over time, according to Defra.
However, output differences between regions must be taken into account. For example, in 2020 the largest contributions in an individual region were made by dairy in the South West (£1.1 billion) while in the North East, dairy contributions – as all other sectoral contributions – fell just under the £200 million mark.
