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AustLambFinPerf_2016-17_2018-19_v.1.0.0.pdf
Resource Name:
AustLambFinPerf_2016-17_2018-19_v.1.0.0.pdf
File Size:
1.47 MB
Resource Type:
Pdf Documents
Metadata
Title:
Australian lamb: financial performance of lamb producers, 2016-17 to 2018-19
Series:
Australian Lamb
Series Issue:
August 2019
Publication Date:
12/08/2019
Description:
Overview This report presents the detailed financial performance estimates for lamb-producing farms for 2016-17, 2017-18 and 2018-19, and discusses incomes, profits, costs, rates of return, farm capital, farm investment, farm debt, equity, debt-servicing capacity, physical characteristics, and costs of lamb production in a historical context. The report draws on data from the ABARES annual Australian Agricultural and Grazing Industries Survey (AAGIS). The report was commissioned by Meat & Livestock Australia (MLA). Key Issues Average farm cash income of Australian lamb-producing farms is projected to decline by around 14 per cent in 2018-19 to $226,000 per farm. The projected decline in incomes is a result of drought conditions in south-eastern Australia leading to lower crop receipts, partly offset by higher prices for lambs, sheep and wool. Average farm debt of Australian lamb-producing farms increased slightly to $826,000 in 2017-18 (in real terms) and is projected to increase slightly again in 2018-19. The average equity ratio of lamb-producing farms trended downwards slightly over the 10 years to 2017-18, averaging around 86 per cent. The proportion of farm receipts needed to fund interest payments is projected to be around 6 per cent in 2018-19. On average, 67 per cent of lamb-producing farms each year made additions to their total capital over the 10 years to 2017-18. From 2000-01 to 2017-18, the total number of Australian farms producing lambs for slaughter fell by 10 per cent. Most of this decline was in Victoria (1,700 farms). The number of lambs sold per farm increased by 41 per cent from 1989-90 to 2017-18, as part of a long term shift in production from wool to lambs on lamb-producing farms. The average cost of sheep production for slaughter lamb producers increased by 9 per cent in real terms from 2016-17 to 2017-18. Average operating margins declined by 5 per cent for slaughter lamb producers and by 4 per cent for sheep producers in 2017-18. * Note: real dollar values are adjusted to remove the effect of inflation.
Resource URL Description:
0 : Australian lamb: financial performance of lamb-producing farms, 2016-17 to 2018-19 - PDF [1.47 MB]
Publisher:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture
Author:
LITCHFIELD Fred

FRILAY James

ASHTON Dale
Right Management:
Use constraints: copyright

Other constraints: Licence type:Copyright

Other constraints: All material in this publication is licensed under a Creative Commons Attribution 4.0 International Licence except content supplied by third parties, logos and the Commonwealth Coat of Arms. http://creativecommons.org/licenses/by/4.0

Other constraints: This publication (and any material sourced from it) should be attributed as: Litchfield, F, Frilay, J, Ashton, D and Martin, P 2019, Australian lamb: financial performance of lamb producers, 2015‒16 to 2017‒18, ABARES research report, Canberra, August. CC BY 4.0. https://doi.org/10.25814/5f51e2abf1ddb
Identifier:
ISBN 978-1-74323-428-0

ISSN 1447-8358

DOI https://doi.org/10.25814/5f51e2abf1ddb
Asset Name:
pb_ffplmd9aas20190812
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