UK Farm Balance Sheet November 27, 2015 12:00 am The UK farming industry increased its net worth by almost 6% in the 2014 calendar year according to DEFRA statistics. As part of the aggregate accounts for the industry that produce the Total Income from Farming (TIFF) figures, a balance sheet is also drawn up. This shows a big increase in net worth as at December 2014 compared to a year earlier. Not surprisingly, this is a result of rising land values. The table below sets out the data; UK FARM BALANCE SHEET – Source: DEFRA £ billion December 2000 December 2010 December 2013 December 2014 Land 57.5 163.5 216.3 232.0 Buildings, Plant and Machinery 23.1 29.0 32.4 32.8 Breeding Livestock 3.6 6.8 8.2 8.3 Total Fixed Assets 84.3 199.4 257.0 273.1 Total Current Assets 8.5 13.0 14.4 14.8 Total Assets 92.8 212.3 271.4 287.9 Long and Medium Term Liabilities 4.6 7.4 8.9 10.0 Short Term Liabilities 5.0 6.0 6.4 6.6 Total Liabilities 9.6 13.3 15.4 16.6 Net Worth 83.2 199.0 256.1 271.3 Net Worth Index in Real Terms (2011 = 100) 50.2 93.6 113.9 119.5
