The total income from farming (TIFF) in England in 2022 was £5.7 billion, a 12.9% increase from 2021.
This is the highest TIFF in the past six years for England. The second-highest TIFF was in 2021 at £5 billion, and the lowest over the past six years was in 2018 at £3.2 billion.
Even after adjusting for inflation using the current baseline (real terms), 2022 still saw an increase in TIFFF of £397 million (7.5%) from 2021. This is the highest TIFF in England in ‘real terms’ since 1996.
Commenting on the TIFF figures for 2022, Farming Minister Mark Spencer said:
“A 13% increase in farming income for 2022 is promising news for the sector and works out at more than £600 million extra into the industry in England compared with 2021.
“This money will go straight to the heart of our rural economies, supporting farmers who work tirelessly to keep high-quality food on our tables,” he said.
The latest TIFF figures were published by the Department for Environment, Food and Rural Affairs (Defra) today (Thursday, July 6).
Defra said that high commodity prices for outputs outweighed the increased input costs last year, contributing to the overall rise in TIFF.
“I know it hasn’t been easy, given the impact the illegal war in Ukraine has had on input costs for necessities such as feed, fuel and fertiliser, as well as global market volatilities and the challenges of our weather,” Minister Spencer added.
“The government will continue to work with and support farmers – and it’s an issue which is high on our agenda.
“Our UK Farm to Fork Summit saw a whole host of measures announced to support British farming, whether through safeguarding our food and production standards in future trade deals, confirming another 45,000 visas for seasonal workers next year, or making it easier for farmers to diversify their incomes.
“We will continue to deliver these measures on the ground as, with the right tools in place, we can protect the environment, produce food sustainably and keep businesses profitable – in turn growing our economy.”
