Scottish Farm Debt September 12, 2013 12:00 am Figures released by the Scottish Government show a 3% rise in Scottish farm debt. The harsh winter and poor 2012 harvest have been blamed for the £53m increase in debt, which stood at £1.72 billion to the year ending 31st May 2013. This is the fifth consecutive year when Scottish farm debt has increased, however in real terms debt has fallen by 2% since 1990. Across the UK, agriculture is shown to be the only business area to see considerable increases in outstanding debt over the last two years, according to Bank of England figures from May 2013. Most other business areas saw reductions in both years.
