§ Chris GraylingTo ask the Secretary of State for Environment, Food and Rural Affairs what the average farm income was(a) in 1997 and (b) at the most recent available date in real terms. [76465]
§ Mr. MorleyExpressed in real terms at 2001–02 prices, average net farm income in England was £17,400 in 1997–98, and £11,400 in 2001–02. This last figure was a forecast made last January.
The final figure for 2001–02 will be published on 28 November and the forecast for 2002–03 will be released on 30 January.
Net farm income is defined as the return to the principal farmer and spouse for their labour and on the capital of the business