Income Earned and Expenditure Incurred in Farming 1937-8 to 1942-3. (Years June 1st to May 31st) in the United Kingdom, £ Millions 1937-8 1939/40 1940/1 1941/2 1942/3 Prelim. Income 1. Value of Output (including consumption in farmhouse and commodity subsidies) 287 3381/2 4271/2 470 532 2. Sundry receipts 21/2 2 2 11/2 11/2 3. Ploughing grant and drainage subsidies - 11/2 41/2 51/2 51/2 4. Livestock disease and improvement payments 1 1 1 11/2 5. Total receipts (items 1-4) 290 343 435 478 5401/2 6.