UK 2020 farm profit at lowest level in real terms since 2007

摘要

UK farming profits fell by almost 16% in 2020, to a total of ￡4,119m, according to a Defra update on its initial forecast made in December.When adjusted for inflation, the E4,119m total income from farming (Tiff) figure is a 20% drop and the lowest real-terms farming profit since 2007.While the new figures show a lower drop before the effect of inflation, compared with the department's December forecast, there is greater detail, including the stark implications of the Covid-19 pandemic on diversified businesses.