Dairy farm income falls in a year of two halves

Published 25 November 15

Dairy farm income in England dropped 5% in the 2014/15 season to an average of £83,800 according to Defra estimates. The decrease in average dairy income resulted from lower prices and the impact of the weaker Euro on the value of the Basic Payment. Average prices remained above 30ppl for the first half of the season, falling sharply afterwards. However, the increase in milk production partially offset the price impact on revenues.

In light of the significant challenges facing the sector in the current season, it is likely that the performance of this industry for the current year will tell a different story.

Defra’s full Farm Business Income report can be accessed here.