Commodity outlook and financial performance of key agricultural industries in Tasmania Regional Outlook conference paper, Launceston, Tasmania (Conference paper 11.21)
by
 
DHARMA Surya

Title
Commodity outlook and financial performance of key agricultural industries in Tasmania Regional Outlook conference paper, Launceston, Tasmania (Conference paper 11.21)

Series
Conference papers

Series Issue
11.21

Publication Date
28/09/2011

Description
This paper presents information on ABARES current commodities outlook and the recent financial performance of a number of key agricultural industries in Tasmania. In particular, survey results on the performance of beef, sheep and dairy farms in Tasmania are compared with national performance. A brief overview of the Tasmanian forestry and fisheries industry is also provided. The outlook for commodities is based on data published in the September 2011 edition of ABARES quarterly report, Agricultural commodities. The farm performance data for the local region are drawn from the ABARES farm surveys database. The paper was presented at ABARES Regional Outlook conference, Launceston, Tasmania, 28 September 2011. Key Issues Tasmanian broadacre farm cash incomes (receipts less cash expenses) are estimated to have increased to an average of $80 000 per farm in 2010-11, which is around 35 per cent above the average (in real terms) for the 10 years to 2009-10. On average, receipts for beef cattle are estimated to have risen in 2010-11 due to higher beef cattle prices. Average receipts from wool are also estimated to have increased in 2010-11 due to higher wool prices. Average farm cash costs are estimated to have declined slightly on Tasmanian broadacre farms in 2010-11, due to the effects of a reduction in beef cattle purchases as well as a reduction in expenditure on fodder. Farm cash incomes of Tasmanian dairy farms are estimated to have improved in 2010-11 to average $105 000 per farm, which is around 4 per cent below the average (in real terms) for the 10 years to 2009-2010

Resource URL Description
0 : Commodity outlook and financial performance of key agricultural industries in Tasmania - Report - PDF [0.9 MB]

Resource URL
1027478

Publisher
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture

Author
DHARMA Surya
 
MARTIN Peter
 
PHAM Thuy

Right Management
Use constraints: copyright
 
Other constraints: Licence type:Copyright
 
Other constraints: This work is copyright. The Copyright Act 1968 permits fair dealing for study, research, news reporting, criticism or review. Selected passages, tables or diagrams may be reproduced for such purposes provided acknowledgment of the source is included. Major extracts or the entire document may not be reproduced by any process without the written permission of the Executive Director, ABARES. The Australian Government acting through the Australian Bureau of Agricultural and Resource Economics and Sciences has exercised due care and skill in the preparation and compilation of the information and data set out in this publication. Notwithstanding, the Australian Bureau of Agricultural and Resource Economics and Sciences, its employees and advisers disclaim all liability, including liability for negligence, for any loss, damage, injury, expense or cost incurred by any person as a result of accessing, using or relying upon any of the information or data set out in this publication to the maximum extent permitted by law. Postal address: Australian Bureau of Agricultural and Resource Economics and Sciences GPO Box 858 Canberra, ACT 2601 Copies available from: ABARES Publication Sales GPO Box 858 Canberra ACT 2601 Ph: 1800 020 157 Fax: +61 2 6272 2001 Email: info.abares@agriculture.gov.au Internet: http://www.agriculture.gov.au/abares

Identifier
ISSN 1447-3666

Asset Name
pe_A20110928.01_12a