Provisional figures from DAERA suggest that the total income from farming (TIFF) in NI rose by 87% during 2017 from £253m to £473m, the highest figure ever recorded in NI. The last time TIFF broke the £400m barrier was in the mid-1990s.

One of the main factors behind the increase is the weakening of sterling against the euro during the second half of 2017 which increased the value of direct farm subsidies to £287m, an increase of 5% on 2016 levels. Direct payments still account for over 60% of total farm income.