26-04-2003, 12:29 PM
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UK farm profitability to jun 2002
On Monday, in article
"Torsten Brinch" wrote:
On Mon, 6 Jan 2003 09:13:30 -0000, "Michael Saunby"
wrote:
"Torsten Brinch" wrote in message
.. .
The avg income earner in UK had an income in 99/00
of £23400 (males)/£14400(females).
(Source: Survey of Personal Incomes, Board of Inland Revenue)
For comparison, avg farm income (Cash Income, rounded figures):
93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01
£39000 £43000 £53000 £52000 £41000 £35000 £33000 £31000
(Source: Farm Accounts Book)
Quite interesting that farm incomes £33000 are so close UK avg income
(i.e. 23400+14400) £37800. Though I doubt many others on slightly
less than the average income have quite such expensive to maintain
properties as the average farming family.
Look up the definition of Cash Income.
So it seems farmers are even worse off than that. Bad news.
The point is that the cost of maintenance of property relevant to the
farm business has already been deducted once in the calculation of
the Cash Income figure.
I would argue that Cash Income is misleading because some of these costs
may have been deferred in hard times, and Cash Income will thus not fall
quite so rapidly as other measures. Check the hedges thread for
discussions of how the short-term cash flow can be improved by not
cutting hedges so frequently, at the expense of higher costs later.
This all makes Cash Income a politically useful measure for playing down
the effects of short-term recession. As the financial pressures
continue, I expect some other figure to get the publicity.
Torsten, just which bunch of vultures are you pimping for?
--
David G. Bell -- SF Fan, Filker, and Punslinger.
"Let me get this straight. You're the KGB's core AI, but you're afraid
of a copyright infringement lawsuit over your translator semiotics?"
From "Lobsters" by Charles Stross.
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