Wales farm consumption of fixed capital
Wales farm consumption of fixed capital stood at £409m in 2025, according to StatsWales — Welsh Government open data. It is one of the indicators in the Farm income and yields table (Value · Annual), with a complete series running from 2013 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Farm income and yields table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumption of fixed capital3 | 409 | 399 | 386 | 366 | 327 | 325 | 340 | 334 | 307 | 302 | |
| Consumption of fixed capital — buildings and works | 119 | 116 | 114 | 110 | 101 | 97 | 98 | 97 | 94 | 92 | |
| Consumption of fixed capital — vehicles, plant and machinery | 220 | 211 | 205 | 195 | 176 | 168 | 165 | 161 | 153 | 147 |
Understanding wales farm consumption of fixed capital
The monetary value of capital assets consumed through wear, tear, and normal obsolescence across agricultural holdings in Wales is expressed in £m. Consumption of fixed capital measures the depreciation of buildings, machinery, vehicles, and breeding livestock over the production cycle. Unlike intermediate consumption, which captures items used up entirely within a single year, this series accounts for the gradual reduction in value of long-lived productive assets.
Interpreting capital consumption requires understanding that calculations rely on asset valuation models and estimated service lifespans rather than direct transactional invoices. Revisions occur when capital stock surveys update the estimated asset base or replacement cost assumptions. Analysts should avoid comparing depreciation figures directly with cash flow metrics, as capital consumption is an accounting adjustment rather than a cash outlay.
Frequently asked questions
- What does consumption of fixed capital measure in agricultural accounts?
- It measures the annual depreciation and wear and tear of long-lived farm assets.
- How does this series differ from intermediate consumption?
- Intermediate consumption covers inputs used up within a year, whereas capital consumption tracks multi-year asset depreciation.
- Why are capital consumption figures subject to periodic model revisions?
- They depend on estimated asset lifespans and replacement cost valuations that are updated through periodic surveys.