Farm Accountancy Data Network: Who Qualifies and What You Get
Learn how selected farms contribute data to the Farm Accountancy Data Network to receive detailed economic benchmarking and support national statistics.
The Farm Accountancy Data Network is a system used to collect agricultural information from specific farms to help generate accurate national statistics.
Who it's for
This program is not open to all agricultural businesses. It is intended for selected farms that have been chosen to provide the necessary data required to build and maintain national statistics. Participation is based on whether your farm has been identified as a contributor to these national datasets.
What you get
By participating, you receive detailed benchmarking of your farm's economic performance. This allows you to see how your farm's financial results compare to broader trends. This information can help you understand your economic standing within the wider agricultural sector.
What it costs you
There is no direct monetary fee mentioned for this scheme. However, the cost to you is the act of sharing your private financial data with national researchers. You are providing your economic information to support the research community.
The catch to know
The main requirement for those involved is that the data must be submitted in a specific standardized format. This means your financial information cannot be sent in just any way; it must follow the specific structure required by the researchers to be useful for the national statistics.
How to apply
- Check if your farm has been selected to participate in providing data for national statistics.
- Prepare to share your financial data with national researchers.
- Ensure your data is organized into the specific standardized format required for the network.