Farm diversification in England and Wales — what can we learn from the farm business survey?

Given the series of crises in agriculture, farm diversification is an increasingly relevant strategy for farmers. Trends in various types of diversification are described in England and Wales — as recorded in the Farm Business Survey. Although hirework is the most frequently reported diversification activity, renting out of farm buildings is the only activity considered here where there has been a substantial increase in participation over the last 10 years. Furthermore, for most types of diversification, the rate of exit is similar in magnitude to that of entry. When they are present, most types of diversification make a relatively small contribution to average business income. The probability of observing diversification is strongly related to farm size and type. A particular concern is that most types of diversification activities considered here may be more difficult to pursue on small farms, especially within less favoured areas.