UK Farm Balance SheetNovember 27, 2015 12:00 amThe 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£ billionDecember 2000December 2010December 2013December 2014 Land57.5163.5216.3232.0 Buildings, Plant and Machinery23.129.032.432.8 Breeding Livestock3.66.88.28.3Total Fixed Assets84.3199.4257.0273.1Total Current Assets8.513.014.414.8Total Assets92.8212.3271.4287.9Long and Medium Term Liabilities4.67.48.910.0Short Term Liabilities5.06.06.46.6Total Liabilities 9.6 13.3 15.4 16.6Net Worth 83.2 199.0 256.1 271.3Net Worth Index in Real Terms (2011 = 100)50.293.6113.9119.5
