The Farm Business Survey (FBS) for England has published a report showing the extent of the growth of diversification in agriculture for 2014/15. Diversification is increasingly being used as a way of diversifying income streams, increasing sustainability and increasing profit in a competitive and changing market.
The below stats show the number of farms utilising some of the more common types of diversification:
Letting buildings for non-farming use - 41%
Processing/retailing of farm produce - 10%
Sport & Recreation - 12%
Tourist accommodation & catering - 5%
Renewable energy - 18%
Other Diversified enterprises - 9%
These diversification stats do not include diversification of some of the more traditional agricultural work such as alternative crops and alternative livestock.
For more information on the Farm Business Survey have a look at their website here...