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FarmPerformanceVegetable2017.pdf
Resource Name:
FarmPerformanceVegetable2017.pdf
File Size:
1.36 MB
Resource Type:
Pdf Documents
Metadata
Title:
Australian vegetable-growing farms: An economic survey, 2015-16 and 2016-17
Series:
Australian vegetable-growing farms
Publication Date:
30/11/2017
Description:
Overview Since 2007 ABARES has conducted an annual survey of vegetable-growing farm businesses to provide industry and government with information about farm-level production and the financial situation of vegetable growers. This web-report present estimates of farm financial performance, farm debt, equity, capital, investment and physical characteristics for the vegetable-growing industry from 2006-07 to 2016-17. The report will be published as a series of chapters online throughout the year. The web-reports are a new format for publishing this information - aimed at delivering information to stakeholders as the chapters are completed rather than as one annual report. Physical characteristics (published 20 October 2017) This chapter presents estimates of physical characteristics for vegetable-growing farms. Key Issues Queensland and Victoria are the two largest vegetable-growing states, together accounting for 55 per cent of the total value of vegetable production in 2015-16. From 2006-07 to 2015-16 the total number of Australian vegetable-growing farms fell by 37 per cent largely as result of a decline in the number of small vegetable-growing farms planting less than 20 hectares. Most of the decline was in Queensland, New South Wales and Victoria. From 2006-07 to 2015-16 the intensity of vegetable production increased with the proportion of total farm cropping area planted to vegetables trending upwards in all states except Western Australia and Tasmania. The average area planted to vegetables per farm increased from 2006-07 to 2016-17 mainly due to increased plantings of a range of more intensive vegetable crops such as Asian greens and other specialty vegetables. Farm financial performance (published 14 November 2017) This chapter presents estimates of the incomes, profits, costs and rates of return for vegetable-growing farms. Key Issues In 2015-16 average farm cash income of Australian vegetable-growing farms is estimated to have increased to around $254,100 per farm as a result of increased vegetable production per farm and higher prices. Average farm cash income of vegetable-growing farms rose in all states except Victoria and Tasmania. In 2016-17 average farm cash income of Australian vegetable-growing farms is projected to be the highest in real terms* since ABARES began surveying vegetable-growing farms in 2007. Average farm cash income is projected to increase in all states except Queensland. Farm debt and equity (published 14 November 2017) This chapter presents estimates of the debt, equity, and debt-servicing capacity for vegetable-growing farms. Key Issues Average farm debt of Australian vegetable-growing farms is estimated to have increased by around 15 per cent to around $542,900 per farm in 2015-16 (in 2016-17 dollars). From 2006-07 to 2015-16 the average equity ratio of vegetable-growing farms remained strong and fluctuated around 86 per cent. The average proportion of farm receipts needed to fund interest payments is projected to have fallen to a ten-year low 2 per cent in 2016-17. Farm capital and investment (published 14 November 2017) This chapter presents estimates of farm capital and farm investment for vegetable-growing farms. Key Issues The total value of capital for Australian vegetable-growing farms decreased by 15 per cent in real terms from 2006-07 to 2015-16 because of a reduction in the number of vegetable-growing farms. Nevertheless, Australian vegetable growers made an average of $271 million in new capital investment each year from 2006-07 to 2015-16 (in 2016-17 dollars). On a per farm basis, average total capital increased by 35 per cent to around $4.5 million per farm. * Note: real dollar values are adjusted to remove the effect of inflation.
Resource URL Description:
0 : Australian vegetable-growing farms: An economic survey, 2015-16 and 2016-17 - PDF [1.4 MB]
Publisher:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture
Author:
WERAGODA Aruni

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: Weragoda, A, Frilay, J, & Ashton, D 2017, Australian vegetable growing farms: An economic survey, 2015–16 and 2016–17, ABARES, Canberra, December. CC BY 4.0.
Identifier:
ISBN 978-1-74323-363-4

ISSN 1447-8358
Asset Name:
pb_ffpvegd9aas20171030