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Livestock Farm Monitor ProjectVictoria Appendices 2012/13

Department of Environment and Primary Industries

Appendices: Gippsland

TABLE A1Main Financial Indicators 2012-2013 Gippsland

Farm No

Gross Income

Enterprise Costs

Overhead Costs

Cost Structure

Net Income

O/O Allowance

Operating Profit

Return on Assets

Debt Ratio

Return on Equity

$/EHA $/EHA $/EHA $/EHA $/EHA $/EHA

541 $492 $207 $88 60% $198 $21 $177 4.3% 18% 4.1%553 $458 $200 $108 67% $150 $90 $60 1.0% 13% 0.0%555 $432 $219 $115 77% $98 $54 $44 0.9% 8% 0.3%556 $573 $295 $188 84% $89 $36 $53 1.1% 10% -0.2%635 $1,329 $470 $186 49% $673 $165 $509 2.8% 26% 2.7%636 $671 $187 $168 53% $316 $71 $245 6.8% 6% 7.0%638 $713 $369 $276 91% $67 $76 -$9 0.0% 5% -0.2%643 $511 $254 $98 69% $159 $78 $81 0.6% 32% -0.9%653 $396 $195 $144 86% $57 $95 -$38 -0.8% 11% -2.0%654 $737 $424 $160 79% $152 $244 -$92 -0.6% 23% -2.1%663 $573 $213 $97 54% $263 $114 $149 2.0% 16% 1.3%667 $538 $332 $276 113% -$70 $126 -$196 -0.9% 1% -0.9%669 $235 $53 $46 42% $136 $49 $87 3.5% 13% 3.9%694 $263 $76 $67 54% $120 $14 $106 4.5% 37% 0.6%699 $896 $246 $192 49% $459 $316 $143 1.3% 3% 1.1%700 $178 $47 $87 75% $44 $0 $44 1.4% 55% -2.3%701 $579 $373 $466 145% -$261 $444 -$704 -2.4% 0% -2.4%702 $408 $43 $190 57% $175 $301 -$127 -1.2% 8% -1.6%720 $323 $139 $174 97% $9 $171 -$162 -1.8% 11% -2.4%721 $904 $456 $870 147% -$422 $361 -$783 -5.1% 14% -7.0%723 $321 $145 $157 94% $20 $276 -$256 -4.5% 9% -7.2%726 $488 $238 $170 84% $79 $38 $41 0.3% 5% 0.1%727 $463 $375 $549 200% -$461 $669 -$1,130 -8.1% 29% -10.5%728 $388 $109 $91 52% $188 $51 $138 3.3% 36% -0.1%

Average $536 $236 $207 82% $93 $161 -$68 0.3% 16% -0.8%Top 20% * $792 $264 $146 53% $382 $137 $244 3.5% 14% 3.2%

South Gipp Av $720 $335 $229 88% $155 $224 -$68 -0.4% 17% -1.2%East Gipp Av $444 $186 $196 80% $62 $129 -$67 0.7% 16% -0.6%* Ranked according to operating profit per effective hectare.


TABLE A2Key Physical Data 2012-2013 Gippsland

Farm No

Average Rainfall

Actual Rainfall

Stocking Rate

S.R. - Rf S.R. - Rf July Stocking

Rate

P Applied

P Applied

P Nutrient Balance

K Nutrient Balance

S Nutrient Balance

MM MM DSE/HA DSE/HA/ 100MM

DSE/HA/25MM OVER

250MMKG P/

GRAZED HAKG

P/GRAZED HA/100MM

KG/HA KG/HA KG/HA

541 596 497 12.8 2.1 0.93 11.4 7 1.1 9.3 5.2 6.0553 650 532 15.9 2.5 1.00 14.1 8 1.3 7.1 2.3 8.2555 600 556 15.0 2.5 1.07 14.4 4 0.7 3.9 -0.5 3.1556 599 545 15.0 2.5 1.08 12.0 0 0.1 -2.1 -7.3 -3.7635 856 701 25.7 3.0 1.06 21.6 23 2.7 18.1 45.7 23.6636 618 615 13.1 2.1 0.89 17.8 2 0.3 0.6 8.4 -1.3638 1018 792 23.4 2.3 0.76 21.0 20 2.0 17.6 38.6 22.2643 877 758 19.8 2.3 0.79 17.1 16 1.8 13.2 28.5 17.2653 487 498 10.9 2.2 1.15 16.3 8 1.7 7.2 -1.3 8.2654 928 687 24.4 2.6 0.90 21.1 0 0.0 -3.5 -0.5 -4.2663 788 850 15.7 2.0 0.73 12.8 9 1.1 6.5 15.8 13.2667 1100 796 22.2 2.0 0.65 24.6 24 2.1 22.2 28.0 28.7669 635 482 9.5 1.5 0.62 8.8 0 0.0 -0.9 -0.8 -1.5694 600 521 5.2 0.9 0.37 5.1 2 0.3 2.5 -1.8 -0.9699 924 838 28.9 3.1 1.07 23.4 16 1.7 11.3 19.4 14.8700 675 612 5.7 0.8 0.34 5.3 1 0.1 0.7 2.2 -0.2701 673 619 14.9 2.2 0.88 17.6 16 2.3 15.4 58.2 19.0702 913 1014 12.3 1.3 0.46 12.2 0 0.0 -1.7 -0.8 -1.7720 833 843 11.8 1.4 0.51 12.7 2 0.3 1.2 1.9 1.8721 846 885 25.7 3.0 1.08 25.6 0 0.0 -1.3 14.4 -1.8723 625 792 19.8 3.2 1.32 19.6 4 0.6 2.1 8.3 3.1726 625 890 20.5 3.3 1.37 15.1 1 0.2 -1.9 9.2 3.4727 1025 891 26.0 2.5 0.84 35.8 0 0.0 -1.6 -0.1 -1.6728 648 617 12.8 2.0 0.81 14.8 22 3.4 19.9 15.1 10.3

Average 756 701 17.0 2.2 0.86 16.7 8 1.0 6.1 12.0 6.9 Top 20% * 756 700 19.2 2.5 0.94 17.4 11 1.4 9.2 18.9 11.3 South Gipp

Av 939 789 23.3 2.5 0.85 22.2 13 1.4 10.5 21.9 14.2

East Gipp Av 664 657 13.8 2.1 0.87 13.9 5 0.8 3.9 7.0 3.2 * Ranked according to operating profit per effective hectare.


TABLE A3Wool Sheep Production 2012-2013 Gippsland

Farm No

Stocking Rate

Adult Clean Wool Cut

Clean Wool Cut

Clean Wool Cut

Clean Wool Cut

Net Clean Wool Price

Main Wool Sale Mont

h

AvWool

Micron

Av Wool Yield

Ram Cost Per

Progeny

Av Sale Price

Gross Margin

Gross Margin

Gross Margin

Time of

Lambing

Lamb Markin

g %

DSE/HA KG/HD KG/HA KG/DSE KG/HA /100MM $/KG $/HD $/HA $/HA

/100MM $/DSE

541 12.8 3.9 33.4 2.6 5.6 $12.07 Dec 17.5 72% $4.18 $50 $310 $52 $24 Aug 92%553 15.9 3.4 36.6 2.3 5.6 $11.98 Feb 18.6 74% $2.69 $43 $323 $50 $20 Aug 71%555 15.0 3.7 37.8 2.5 6.3 $11.51 Feb 22.2 71% $3.90 $54 $199 $33 $13 Aug 72%556 15.0 3.1 36.9 2.5 6.2 $11.03 Jan 17.5 72% $8.85 $45 $294 $49 $20 Aug 90%636 13.1 4.6 48.2 3.7 7.8 $9.26 May 18.4 73% $1.86 $70 $477 $77 $36 Jul 83%653 10.9 4.3 30.7 2.8 6.3 $9.74 Aug 18.0 76% $0.00 $33 $200 $41 $18 Aug 92%669 9.5 3.7 22.4 2.4 3.5 $10.49 May 18.7 66% $3.99 $31 $202 $32 $21 Aug 72%694 5.2 3.3 13.6 2.6 2.3 $11.09 Sep 18.4 73% $0.00 $55 $86 $14 $17 - -700 5.7 3.8 30.4 5.3 4.5 $10.35 Dec 18.8 75% $0.00 $66 $238 $35 $42 - -728 12.8 3.8 30.9 2.4 4.8 $10.21 Sep 18.9 74% $14.94 $94 $265 $41 $21 Sep 76%

Average 11.6 3.8 32.1 2.9 5.3 $10.77 18.7 73% $4.04 $54 $259 $42 $23 81%

Top 20% * 13.0 4.3 40.8 3.1 6.7 $10.66 18.0 73% $3.02 $60 $394 $65 $30 88%

*Top 20% ranked according to gross margin per hectare per 100mm of rainfall


TABLE A4Prime Lamb Production 2012-2013 Gippsland

Farm No

Stocking Rate

Lamb Produced

Lamb Produced

Lamb Produced

Av Lamb Weight

Av Lamb Price

Av Lamb Price

Adult Gr. Wool Cut

Greasy Wool Cut

Average Wool

Micron

DSE/HA KG LWT/HA KG CWT/HA KG CWT /HA/100MM KG CWT $/KG CWT $/HD KG/HD KG/HA

553 15.9 193 87 13.4 21.4 $2.98 $64 4.4 30 26.4555 15.0 167 75 12.5 16.0 $4.23 $68 4.5 35 22.2556 15.0 195 88 14.6 19.6 $4.37 $86 3.2 43 18.0635 25.7 478 215 25.1 21.5 $4.67 $100 4.9 51 32.1638 23.4 349 157 15.4 19.4 $4.36 $84 5.7 48 29.0643 19.8 284 128 14.6 17.9 $3.87 $69 4.3 31 29.0654 24.4 448 202 21.7 20.1 $3.83 $77 2.5 54 36.0699 28.9 578 260 28.1 20.2 $4.07 $82 4.5 52 29.0

Average 21.0 336 151 18.2 19.5 $4.05 $79 4.2 43 27.7Top 20% * 20.3 336 151 19.9 20.5 $4.52 $93 4.0 47 25.1Merino Ewe

Av 15.0 181 81 13.6 17.8 $4.30 $77 3.8 39 20.1

Other Ewe Av 23.0 388 175 19.7 20.1 $3.96 $79 4.4 44 30.3South Gipp Av 24.4 427 192 21.0 19.8 $4.16 $83 4.4 47 31.0East Gipp Av 15.3 185 83 13.5 19.0 $3.86 $72 4.0 36 22.2

Farm No

Ewe Breed

Net Greasy Wool Price

Gross Margin

Gross Margin

Gross Margin

Time of Lambing

Lamb Marking %

Ewe % of DSE

$/KG $/HA $/HA/100MM $/DSE

553 Xbred $4.79 $119 $18 $7 Aug 97% 80%555 Merino $7.91 $318 $53 $21 Jul 66% 69%556 Merino $7.45 $490 $82 $33 Aug 84% 64%635 Xbred $3.08 $783 $92 $31 Aug 142% 72%638 Xbred $4.03 $287 $28 $12 Aug 113% 83%643 Xbred $4.35 $305 $35 $15 Aug 128% 89%654 Xbred $1.98 $469 $51 $19 Sep 121% 80%699 Xbred $4.14 $711 $77 $25 Aug 122% 93%

Average $4.72 $435 $54 $20 109% 79%

Top 20% * $5.26 $637 $87 $32 113% 68%

Merino Ewe Av $7.68 $404 $67 $27 75% 66%

Other Ewe Av $3.73 $446 $50 $18 121% 83%

South Gipp Av $3.52 $511 $56 $20 125% 84%

East Gipp Av $6.72 $309 $51 $20 83% 71%



TABLE A5Beef Cattle Production 2012-2013 Gippsland

Farm No

Stocking Rate

Beef Produced

Beef Produced

Beef Sold

Average Sale Price

Average Wt Sales

Average Sale Price

DSE/HA KG LWT/HA KG LWT/HA/100MM KG LWT/HA $/HD KG LWT $/KG LWT

667 22.2 213 19 57 $891 540 $1.65720 11.8 298 36 210 $872 557 $1.57721 25.7 547 65 840 $637 401 $1.59727 26.0 224 22 516 $875 768 $1.14701 14.9 396 59 443 $609 420 $1.45723 19.8 248 40 364 $471 320 $1.47702 12.3 208 23 277 $493 394 $1.25541 12.8 263 44 350 $484 400 $1.21635 25.7 764 89 704 $1,083 611 $1.77638 23.4 430 42 475 $658 387 $1.70643 19.8 358 41 372 $551 414 $1.33663 15.7 347 44 209 $658 391 $1.68669 9.5 109 17 102 $581 352 $1.65699 28.9 528 57 286 $639 400 $1.60720 11.8 175 21 282 $509 356 $1.43726 20.5 374 60 504 $885 576 $1.54728 12.8 180 28 155 $623 346 $1.80700 5.7 89 13 105 $500 303 $1.65723 19.8 221 35 427 $555 318 $1.74556 15.0 281 47 152 $689 461 $1.49654 24.4 452 49 571 $574 423 $1.36553 15.9 265 41 211 $702 472 $1.49667 22.2 271 25 809 $1,058 610 $1.73694 5.2 121 20 147 $841 500 $1.68701 14.9 386 57 2,418 $605 394 $1.53

Average 17.5 310 40 439 $682 445 $1.54Top 20% * 21.0 428 55 356 $724 436 $1.66Autumn Av 18.9 305 38 387 $693 486 $1.45Spring Av 17.6 327 42 335 $642 410 $1.57Other Av 14.5 261 36 896 $801 494 $1.61

South Gipp Av 23.3 422 46 493 $762 500 $1.54East Gipp Av 14.3 260 38 437 $628 411 $1.53


Farm No

Main Sale Stock

Gross Margin

Gross Margin

Gross Margin

Time of Calving

Calving % Cow % Beef Enterprise

$/HA $/HA/100MM $/DSE

667 Cows -$51 -$5 -$2 Mar 90% 95% Autumn Calving

720 Steers $285 $34 $24 Mar 80% 57% Autumn Calving

721 Weaners $364 $43 $14 Jun 97% 93% Autumn Calving

727 Cows -$122 -$12 -$5 Mar 100% 93% Autumn Calving

701 Vealers $170 $25 $11 Mar 85% 74% Autumn Calving

723 Weaners $54 $9 $3 Apr 96% 65% Autumn Calving

702 Steers $185 $20 $15 May 93% 88% Autumn Calving

541 Weaners $194 $33 $15 Aug 85% 77% Spring calving635 Steers $918 $107 $36 Sep 91% 52% Spring calving638 Steers $367 $36 $16 Sep 81% 60% Spring calving643 Cows $230 $26 $12 Aug 98% 59% Spring calving663 Steers $359 $46 $23 Sep 86% 56% Spring calving669 Steers $160 $25 $17 Aug 92% 63% Spring calving699 Steers $541 $59 $19 Sep 93% 63% Spring calving720 Weaners $95 $11 $8 Sep 94% 53% Spring calving726 Steers $248 $40 $12 Aug 82% 39% Spring calving728 Weaners $276 $43 $22 Aug 97% 81% Spring calving700 Weaners $109 $16 $19 Jul 94% 87% Spring calving723 Weaners $283 $45 $14 Aug 96% 59% Spring calving556 Steers $270 $45 $18 Aug 81% 56% Spring calving654 Cows $194 $21 $8 Oct 90% 45% Spring calving553 Steers $150 $23 $9 Oct 88% 64% Other667 Steers $183 $17 $8 - - 0% Other694 Steers $129 $21 $25 - - 0% Other701 Heifers -$94 -$14 -$6 - - 0% Other

Average $220 $29 $13 90% 59%

Top 20% * $474 $60 $22 89% 57%

Autumn Av $126 $16 $9 92% 81%

Spring Av $303 $39 $17 90% 61%

Other Av $92 $12 $9 88% 16%

South Gipp Av $334 $37 $15 91% 54%

East Gipp Av $180 $26 $14 90% 60%



TABLE A6Wool Sheep Enterprise Costs 2012-2013 Gippsland

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt

Pasture Casual Labour

Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs

$/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE

541 $1.92 $6.53 $4.99 $4.55 $0.00 $0.35 $0.15 $0.00 $0.05 $2.18 $20.72553 $1.16 $5.36 $2.18 $3.61 $0.10 $0.74 $0.20 $0.00 $0.46 $1.87 $15.68555 $2.77 $7.06 $2.86 $1.68 $0.13 $0.31 $0.26 $0.00 $0.29 $1.48 $16.83556 $2.32 $6.43 $3.87 $0.98 $0.00 $0.96 $0.28 $0.00 $0.25 $1.59 $16.68636 $2.86 $4.12 $4.01 $2.60 $0.00 $0.87 $0.25 $0.00 $0.10 $3.03 $17.86653 $2.13 $5.25 $0.98 $5.23 $0.00 $0.29 $0.57 $2.64 $1.69 $2.05 $20.83669 $2.84 $5.29 $0.00 $0.52 $0.04 $0.43 $0.14 $0.00 $0.22 $2.22 $11.71694 $2.02 $5.33 $0.17 $2.87 $0.00 $0.00 $0.00 $0.00 $0.04 $1.92 $12.36700 $3.61 $9.51 $0.30 $2.08 $0.00 $0.00 $0.00 $0.00 $0.15 $4.94 $20.59728 $3.23 $1.56 $0.41 $3.53 $0.09 $0.13 $0.09 $0.07 $0.09 $1.59 $10.77

Average $2.49 $5.64 $1.98 $2.76 $0.04 $0.41 $0.19 $0.27 $0.33 $2.29 $16.40Top 20% * $2.39 $5.32 $4.50 $3.58 $0.00 $0.61 $0.20 $0.00 $0.08 $2.61 $19.29

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs

$/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA

541 $25 $84 $64 $58 $0 $4 $2 $0 $1 $28 $265553 $18 $85 $35 $58 $2 $12 $3 $0 $7 $30 $250555 $41 $106 $43 $25 $2 $5 $4 $0 $4 $22 $252556 $35 $96 $58 $15 $0 $14 $4 $0 $4 $24 $250636 $38 $54 $53 $34 $0 $11 $3 $0 $1 $40 $234653 $23 $57 $11 $57 $0 $3 $6 $29 $18 $22 $227669 $27 $50 $0 $5 $0 $4 $1 $0 $2 $21 $111694 $11 $28 $1 $15 $0 $0 $0 $0 $0 $10 $64700 $21 $54 $2 $12 $0 $0 $0 $0 $1 $28 $118728 $41 $20 $5 $45 $1 $2 $1 $1 $1 $20 $138

Average $28 $63 $27 $32 $1 $6 $3 $3 $4 $25 $191Top 20% * $31 $69 $58 $46 $0 $8 $3 $0 $1 $34 $250*Top 20% ranked according to gross margin per hectare per 100mm of rainfall


TABLE A7Prime Lamb Enterprise Costs 2012-2013 Gippsland

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


553 $1.35 $2.73 $0.19 $3.61 $0.12 $0.92 $0.17 $0.00 $0.55 $3.84 $13.48555 $1.84 $3.08 $1.90 $1.68 $0.00 $0.35 $0.18 $0.00 $0.19 $1.35 $10.57556 $2.14 $6.29 $3.48 $0.98 $0.00 $0.96 $0.28 $0.00 $0.22 $3.06 $17.41635 $3.30 $5.12 $2.91 $8.81 $0.86 $1.15 $0.09 $0.00 $0.04 $1.58 $23.86638 $1.12 $5.15 $1.62 $7.36 $0.00 $1.44 $0.00 $0.00 $0.00 $2.09 $18.78643 $1.48 $1.55 $0.00 $8.41 $0.83 $1.79 $0.02 $0.48 $0.34 $2.57 $17.46699 $2.61 $1.80 $0.15 $4.50 $0.00 $0.78 $0.24 $0.00 $0.30 $2.60 $12.99654 $1.47 $3.15 $0.00 $10.53 $0.00 $1.54 $0.12 $0.82 $0.89 $2.35 $20.87

Average $1.92 $3.61 $1.28 $5.74 $0.23 $1.12 $0.14 $0.16 $0.32 $2.43 $16.93Top 20% * $2.72 $5.71 $3.19 $4.90 $0.43 $1.06 $0.19 $0.00 $0.13 $2.32 $20.64Merino Ewe

Av $1.99 $4.69 $2.69 $1.33 $0.00 $0.66 $0.23 $0.00 $0.21 $2.20 $13.99

Other Ewe Av $1.89 $3.25 $0.81 $7.21 $0.30 $1.27 $0.11 $0.22 $0.35 $2.50 $17.91

South Gipp Av $2.00 $3.35 $0.94 $7.92 $0.34 $1.34 $0.09 $0.26 $0.31 $2.24 $18.79

East Gipp Av $1.78 $4.03 $1.86 $2.09 $0.04 $0.74 $0.21 $0.00 $0.32 $2.75 $13.82

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


553 $22 $43 $3 $58 $2 $15 $3 $0 $9 $61 $215555 $28 $46 $28 $25 $0 $5 $3 $0 $3 $20 $158556 $32 $94 $52 $15 $0 $14 $4 $0 $3 $46 $261635 $85 $131 $75 $226 $22 $30 $2 $0 $1 $40 $612638 $26 $121 $38 $172 $0 $34 $0 $0 $0 $49 $440643 $29 $31 $0 $167 $16 $35 $0 $10 $7 $51 $346699 $75 $52 $4 $130 $0 $23 $7 $0 $9 $75 $375654 $36 $77 $0 $257 $0 $38 $3 $20 $22 $57 $510

Average $42 $74 $25 $131 $5 $24 $3 $4 $7 $50 $365Top 20% * $58 $113 $63 $120 $11 $22 $3 $0 $2 $43 $437Merino Ewe

Av $30 $70 $40 $20 $0 $10 $3 $0 $3 $33 $210

Other Ewe Av $46 $76 $20 $168 $7 $29 $3 $5 $8 $56 $416

South Gipp Av $50 $82 $23 $191 $8 $32 $2 $6 $8 $55 $457

East Gipp Av $27 $61 $28 $32 $1 $11 $3 $0 $5 $42 $211*Top 20% ranked according to gross margin per hectare per 100mm of rainfall


TABLE A8Beef Cattle Enterprise Costs 2012-2013 Gippsland

Farm No Enterprise Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Repairs & Maint.

Other Selling Costs

Total Ent. Costs

$/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE $/DSE

667 Autumn Calving $0.62 $0.00 $11.55 $6.99 $0.00 $0.00 $0.00 $0.36 $0.04 $19.55

720 Autumn Calving $2.96 $0.00 $3.41 $4.01 $0.00 $1.19 $0.00 $2.11 $2.55 $16.24

721 Autumn Calving $1.94 $2.14 $6.39 $1.25 $0.00 $2.55 $2.23 $1.28 $4.82 $22.61

727 Autumn Calving $0.01 $0.29 $11.18 $0.02 $0.99 $0.45 $0.00 $2.34 $0.45 $15.73

701 Autumn Calving $0.23 $0.00 $15.14 $11.78 $0.00 $0.00 $0.00 $0.00 $3.73 $30.89

723 Autumn Calving $0.87 $0.00 $1.78 $1.61 $0.00 $0.34 $1.94 $1.68 $2.55 $10.77

702 Autumn Calving $2.05 $0.00 $0.00 $0.23 $0.00 $1.23 $0.00 $0.00 $3.93 $7.45

541 Spring Calving $0.24 $0.00 $1.81 $4.55 $0.00 $1.04 $0.00 $0.00 $2.93 $10.57

635 Spring Calving $1.45 $0.22 $3.10 $8.81 $0.46 $1.73 $0.00 $0.00 $1.75 $17.52

638 Spring Calving $0.80 $1.41 $4.18 $7.36 $0.00 $0.56 $0.00 $0.00 $2.73 $17.04

643 Spring Calving $1.28 $0.00 $0.44 $8.41 $0.47 $0.71 $0.27 $0.05 $1.92 $13.55

663 Spring Calving $0.85 $0.00 $3.25 $6.66 $0.80 $2.00 $0.00 $0.07 $1.72 $15.35

669 Spring Calving $0.56 $0.00 $0.00 $0.52 $0.00 $0.63 $0.00 $0.03 $1.37 $3.12

699 Spring Calving $1.59 $0.00 $0.00 $4.50 $0.00 $0.84 $0.00 $0.00 $1.37 $8.31

720 Spring Calving $1.77 $0.00 $1.37 $4.01 $0.00 $0.87 $1.48 $0.86 $3.08 $13.45

726 Spring Calving $0.67 $0.00 $0.61 $6.45 $2.15 $1.72 $0.00 $0.01 $2.13 $13.75

728 Spring Calving $0.89 $0.00 $0.00 $3.53 $0.00 $0.49 $0.00 $0.01 $1.90 $6.82

700 Spring Calving $0.60 $0.00 $3.55 $2.08 $0.00 $0.68 $0.00 $0.00 $0.42 $7.33

723 Spring Calving $0.52 $0.00 $1.05 $1.61 $0.00 $0.37 $1.57 $1.18 $3.61 $9.91

556 Spring Calving $0.28 $0.46 $5.48 $0.98 $0.00 $0.39 $0.00 $0.07 $0.65 $8.33

654 Spring Calving $1.77 $0.00 $2.72 $10.53 $0.00 $1.19 $0.25 $0.61 $2.81 $19.87

553 Other $0.69 $0.00 $4.67 $3.61 $0.00 $1.32 $0.00 $0.49 $1.70 $12.50667 Other $0.95 $0.00 $2.28 $6.99 $0.00 $2.09 $0.78 $0.63 $1.17 $14.90694 Other $0.74 $0.00 $5.01 $2.87 $0.00 $0.54 $0.00 $0.00 $3.04 $12.19701 Other $0.00 $0.00 $0.00 $11.78 $0.00 $0.00 $0.00 $0.00 $24.16 $35.94

Average $0.97 $0.18 $3.56 $4.85 $0.20 $0.92 $0.34 $0.47 $3.06 $14.55

Top 20% * $0.94 $0.14 $2.57 $4.51 $0.25 $1.07 $0.31 $0.26 $1.82 $11.88

Autumn Av $1.24 $0.35 $7.06 $3.70 $0.14 $0.82 $0.60 $1.11 $2.58 $17.61

Spring Av $0.95 $0.15 $1.97 $5.00 $0.28 $0.94 $0.26 $0.21 $2.03 $11.78

Other Av $0.60 $0.00 $2.99 $6.31 $0.00 $0.99 $0.20 $0.28 $7.52 $18.88

South Gipp Av $1.09 $0.24 $3.39 $6.66 $0.34 $1.20 $0.16 $0.46 $1.74 $15.28

East Gipp Av $0.94 $0.16 $3.14 $3.81 $0.13 $0.84 $0.45 $0.48 $3.91 $13.87


Farm No Animal Health

Contract Services

Supp Feed & Agistmt


Freight/ Cartage

Repairs & Maint.

Other Selling Costs

Total Ent. Costs

$/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA

667 $14 $0 $256 $155 $0 $0 $0 $8 $1 $433720 $35 $0 $40 $47 $0 $14 $0 $25 $30 $191721 $50 $55 $164 $32 $0 $65 $57 $33 $124 $580727 $0 $8 $291 $0 $26 $12 $0 $61 $12 $409701 $3 $0 $225 $175 $0 $0 $0 $0 $55 $459723 $17 $0 $35 $32 $0 $7 $39 $33 $51 $214702 $25 $0 $0 $3 $0 $15 $0 $0 $48 $92541 $3 $0 $23 $58 $0 $13 $0 $0 $38 $135635 $37 $6 $79 $226 $12 $44 $0 $0 $45 $449638 $19 $33 $98 $172 $0 $13 $0 $0 $64 $399643 $25 $0 $9 $167 $9 $14 $5 $1 $38 $268663 $13 $0 $51 $105 $13 $31 $0 $1 $27 $241669 $5 $0 $0 $5 $0 $6 $0 $0 $13 $30699 $46 $0 $0 $130 $0 $24 $0 $0 $40 $240720 $21 $0 $16 $47 $0 $10 $17 $10 $36 $159726 $14 $0 $13 $132 $44 $35 $0 $0 $44 $282728 $11 $0 $0 $45 $0 $6 $0 $0 $24 $88700 $3 $0 $20 $12 $0 $4 $0 $0 $2 $42723 $10 $0 $21 $32 $0 $7 $31 $23 $72 $197556 $4 $7 $82 $15 $0 $6 $0 $1 $10 $125654 $43 $0 $66 $257 $0 $29 $6 $15 $69 $485553 $11 $0 $74 $58 $0 $21 $0 $8 $27 $199667 $21 $0 $51 $155 $0 $46 $17 $14 $26 $330694 $4 $0 $26 $15 $0 $3 $0 $0 $16 $63701 $0 $0 $0 $175 $0 $0 $0 $0 $359 $534

Average $17 $4 $66 $90 $4 $17 $7 $9 $51 $266Top 20% * $22 $3 $47 $102 $5 $23 $6 $5 $39 $250Autumn Av $21 $9 $144 $64 $4 $16 $14 $23 $46 $340Spring Av $18 $3 $34 $100 $6 $17 $4 $4 $37 $224Other Av $9 $0 $38 $101 $0 $18 $4 $5 $107 $282

South Gipp Av $26 $6 $81 $152 $7 $27 $4 $11 $40 $353East Gipp Av $14 $4 $46 $55 $3 $13 $9 $8 $59 $212*Top 20% ranked according to gross margin per hectare per 100mm of rainfall


TABLE A9Pasture Costs Per Grazed Hectare 2012-2013 Gippsland

Farm No

Seed Chemicals Contract Services

Fert & Soil Conditioners

Repairs & Maintenance

Other Total Pasture Cost

$/GRAZED HA $/GRAZED HA $/GRAZED HA $/GRAZED HA $/GRAZED HA $/GRAZED HA $/GRAZED HA

541 $0 $1 $13 $43 $0 $0 $58553 $2 $2 $0 $55 $0 $3 $63555 $0 $2 $1 $23 $0 $0 $25556 $0 $2 $3 $9 $1 $0 $15635 $15 $0 $4 $220 $0 $0 $238636 $10 $0 $0 $26 $0 $0 $36638 $0 $0 $0 $179 $0 $0 $179643 $0 $0 $0 $166 $0 $0 $167653 $0 $3 $0 $54 $0 $0 $57654 $1 $0 $0 $273 $0 $0 $274663 $0 $1 $2 $102 $0 $0 $105667 $0 $2 $12 $144 $5 $6 $169669 $0 $2 $2 $0 $0 $0 $5694 $4 $2 $3 $5 $0 $0 $13699 $4 $0 $0 $132 $0 $0 $135700 $2 $2 $2 $6 $0 $0 $12701 $8 $0 $18 $140 $10 $0 $175702 $0 $3 $0 $0 $0 $0 $3720 $2 $0 $0 $45 $0 $0 $47721 $22 $0 $0 $0 $10 $0 $32723 $0 $4 $0 $28 $0 $0 $32726 $4 $2 $0 $126 $0 $0 $133727 $0 $0 $0 $0 $0 $0 $0728 $0 $0 $0 $0 $0 $0 $0

Average $3 $1 $2 $74 $1 $0 $82Top 20% * $6 $0 $4 $104 $0 $0 $114

South Gipp Av $3 $0 $2 $152 $1 $1 $158East Gipp Av $3 $2 $3 $35 $1 $0 $44* Ranked according to operating profit per effective hectare


TABLE A10Overhead Costs Per Effective Hectare 2012-2013 Gippsland

Farm No

Paid Labour

Training &

Consultants

Landcare Fuel & Vehicle

Insurance

R&M - Plant & Equip.

R&M - Land & Improv.

Admin Rates & Rents

Sundries Depreciation

Total Overhead

s

$/EHA $/EHA $/EHA $/EHA $/EHA $/EHA $/EHA $/EHA $/EHA $/EHA $/EHA $/EHA

541 $26 $0 $0 $5 $3 $4 $17 $9 $8 $4 $11 $88553 $0 $0 $0 $9 $12 $10 $10 $16 $26 $4 $22 $108555 $36 $1 $0 $10 $10 $5 $17 $12 $15 $0 $8 $115556 $96 $1 $17 $14 $18 $3 $6 $14 $12 $1 $7 $188635 $0 $0 $0 $27 $12 $0 $72 $19 $9 $6 $42 $186636 $46 $0 $0 $12 $11 $10 $44 $14 $17 $3 $10 $168638 $122 $1 $0 $35 $24 $0 $19 $20 $41 $0 $15 $276643 $25 $1 $0 $13 $5 $5 $0 $13 $24 $0 $12 $98653 $5 $1 $4 $4 $13 $17 $12 $11 $20 $6 $51 $144654 $0 $0 $0 $12 $11 $8 $36 $25 $30 $4 $35 $160663 $0 $2 $0 $14 $7 $7 $20 $17 $12 $2 $16 $97667 $116 $2 $10 $7 $21 $12 $8 $24 $39 $2 $36 $276669 $0 $0 $0 $8 $11 $2 $3 $8 $7 $0 $8 $46694 $17 $0 $0 $7 $1 $10 $0 $2 $6 $0 $24 $67699 $8 $0 $0 $42 $26 $9 $8 $34 $30 $2 $32 $192700 $42 $0 $0 $9 $1 $13 $0 $3 $8 $0 $11 $87701 $0 $0 $0 $20 $78 $8 $2 $30 $108 $16 $204 $466702 $0 $1 $0 $78 $14 $6 $3 $47 $10 $6 $26 $190720 $0 $5 $10 $19 $30 $0 $33 $23 $33 $0 $22 $174721 $0 $3 $52 $58 $20 $0 $359 $58 $48 $4 $268 $870723 $0 $0 $0 $23 $9 $20 $15 $37 $33 $6 $14 $157726 $0 $1 $0 $23 $22 $7 $35 $20 $34 $1 $27 $170727 $4 $42 $0 $48 $39 $23 $0 $96 $41 $2 $255 $549728 $15 $0 $0 $15 $10 $10 $4 $7 $8 $3 $19 $91

Average $23 $3 $4 $21 $17 $8 $30 $23 $26 $3 $49 $207Top 20% * $16 $0 $0 $20 $12 $6 $32 $19 $15 $3 $22 $146South Gipp

Av $34 $6 $1 $25 $18 $8 $20 $31 $28 $2 $55 $229

East Gipp Av $18 $1 $5 $19 $16 $8 $35 $19 $25 $3 $46 $196* Ranked according to operating profit per effective hectare


TABLE A11Wool Sheep Profitability Per Kilogram of Clean Wool Produced 2012-2013 Gippsland

Farm No

Net Wool

Income

Sheep Trading

Profit

Enterprise Costs

Overhead Costs

O/O Allowance

Interest & Lease

**Cost of Production

**Breakeven Wool

Price

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease

$/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/KG CLEAN $/HA

541 $12.07 $4.30 $7.11 $2.81 $0.53 $2.63 $10.45 $6.14 $5.93 $3.29 $198553 $11.98 $2.83 $6.01 $3.13 $2.49 $1.67 $11.62 $8.79 $3.19 $1.53 $117555 $11.51 -$0.17 $6.07 $3.03 $1.44 $0.89 $10.54 $10.71 $0.80 -$0.08 $30556 $11.03 $3.07 $6.13 $5.37 $0.85 $1.63 $12.35 $9.28 $1.75 $0.12 $65636 $9.26 $4.68 $4.03 $3.57 $1.52 $0.80 $9.13 $4.45 $4.81 $4.01 $232653 $9.74 $3.47 $6.68 $5.05 $3.31 $1.53 $15.05 $11.57 -$1.83 -$3.36 -$56669 $10.49 $2.53 $4.02 $2.66 $2.97 $1.31 $9.65 $7.12 $3.37 $2.05 $76694 $11.09 -$0.77 $3.98 $4.18 $0.90 $7.24 $9.06 $9.84 $1.25 -$5.98 $17700 $10.35 $0.42 $2.94 $5.61 $0.00 $3.20 $8.55 $8.13 $2.23 -$0.97 $68728 $10.21 $2.17 $3.81 $2.89 $2.13 $5.72 $8.83 $6.66 $3.55 -$2.17 $110

Average $10.77 $2.25 $5.08 $3.83 $1.61 $2.66 $10.52 $8.27 $2.51 -$0.16 $86Top 20% * $10.66 $4.49 $5.57 $3.19 $1.03 $1.72 $9.79 $5.29 $5.37 $3.65 $215* Top 20% ranked according to wool profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven wool price

TABLE A12Prime Lamb Profitability Per Kilogram Carcass Weight Produced 2012-2013 Gippsland

Farm No Net Wool

Income

Non-Lamb Sheep

Trading

Enterprise Costs

Overhead Costs

O/O Allowanc

e

Interest & Lease

**Cost of Productio

n

**Breakeven

Lamb Price

Lamb Sales

Income

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease

$/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/KG CWT $/HA

553 $1.67 -$2.78 $1.77 $1.13 $1.05 $0.70 $3.94 $5.05 $4.25 -$0.80 -$1.51 -$70555 $3.65 $1.67 $1.84 $1.54 $0.73 $0.45 $4.11 -$1.21 $0.76 $1.97 $1.52 $148556 $3.65 -$0.81 $2.46 $2.37 $0.36 $0.68 $5.19 $2.34 $5.19 $2.85 $2.17 $250635 $0.74 $0.00 $2.66 $0.91 $0.93 $1.58 $4.50 $3.76 $5.56 $1.81 $0.23 $388638 $1.24 -$1.77 $2.49 $1.97 $0.37 $0.24 $4.83 $5.36 $4.84 -$0.51 -$0.75 -$80643 $1.06 -$0.85 $2.31 $1.01 $0.99 $1.27 $4.31 $4.09 $4.48 $0.39 -$0.88 $49654 $0.53 $0.64 $2.25 $0.93 $2.33 $0.84 $5.50 $4.34 $3.40 -$0.93 -$1.78 -$188699 $0.83 -$1.01 $1.15 $0.84 $1.90 $0.11 $3.90 $4.08 $4.07 -$0.01 -$0.12 -$3

Average $1.67 -$0.61 $2.12 $1.34 $1.08 $0.73 $4.54 $3.48 $4.07 $0.59 -$0.14 $62Top 20% * $2.20 -$0.40 $2.56 $1.64 $0.65 $1.13 $4.84 $3.05 $5.38 $2.33 $1.20 $319Merino Ewe

Av $3.65 $0.43 $2.15 $1.96 $0.54 $0.57 $4.65 $0.56 $2.97 $2.41 $1.84 $199

Other Ewe Av $1.01 -$0.96 $2.10 $1.13 $1.26 $0.79 $4.50 $4.45 $4.43 -$0.01 -$0.80 $16

South Gipp Av $0.88 -$0.60 $2.17 $1.13 $1.30 $0.81 $4.61 $4.33 $4.47 $0.15 -$0.66 $33

East Gipp Av $2.99 -$0.64 $2.02 $1.68 $0.71 $0.61 $4.41 $2.06 $3.40 $1.34 $0.73 $109* Top 20% ranked according to prime lamb profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven lamb price


TABLE A13Beef Cattle Profitability Per Kilogram Liveweight Produced 2012-2013 Gippsland

Farm No

Trading Profit

Enterprise Costs

Overhead Costs

O/O Allowanc

e

Interest & Lease

**Cost of Productio

n

**Breakeven Beef

Price

Beef Sales

Income

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease

Beef Enterprise

$/KG LWT $/KG LWT $/KG LWT $/KG LWT $/KG LWT $/KG LWT $/KG LWT $/KG LWT $/KG LWT $/KG LWT $/HA

667 $1.35 $2.03 $1.22 $0.59 $0.03 $3.84 $2.49 $0.44 -$2.05 -$2.08 -$437 Autumn Calving

720 $0.40 $0.54 $0.66 $0.58 $0.11 $1.78 $1.38 $1.10 -$0.28 -$0.40 -$84 Autumn Calving

721 -$0.94 $0.83 $1.59 $0.66 $0.23 $3.09 $4.03 $2.44 -$1.59 -$1.82 -$867 Autumn Calving

727 -$1.40 $1.77 $2.57 $3.20 $0.60 $7.55 $8.95 $2.63 -$6.32 -$6.92 -$1,415 Autumn Calving

701 -$0.17 $1.02 $1.21 $1.02 $0.00 $3.25 $3.43 $1.62 -$1.80 -$1.80 -$714 Autumn Calving

723 -$1.28 $0.66 $0.58 $0.95 $0.12 $2.19 $3.47 $2.16 -$1.31 -$1.43 -$326 Autumn Calving

702 -$0.57 $0.21 $0.91 $1.45 $0.16 $2.57 $3.14 $1.67 -$1.47 -$1.63 -$306 Autumn Calving

541 -$0.51 $0.37 $0.27 $0.10 $0.34 $0.74 $1.25 $1.63 $0.37 $0.04 $98 Spring Calving

635 $0.10 $0.53 $0.24 $0.19 $0.44 $0.95 $0.85 $1.63 $0.78 $0.33 $596 Spring Calving

638 -$0.25 $0.78 $0.57 $0.23 $0.09 $1.57 $1.82 $1.88 $0.06 -$0.03 $25 Spring Calving

643 -$0.10 $0.64 $0.22 $0.14 $0.45 $1.01 $1.11 $1.38 $0.28 -$0.18 $99 Spring Calving

663 $0.63 $0.62 $0.28 $0.33 $0.26 $1.23 $0.61 $1.02 $0.42 $0.16 $146 Spring Calving

669 $0.06 $0.15 $0.30 $0.28 $0.27 $0.74 $0.68 $1.55 $0.88 $0.61 $95 Spring Calving

699 $0.54 $0.38 $0.32 $0.33 $0.06 $1.03 $0.49 $0.86 $0.37 $0.32 $197 Spring Calving

720 -$1.07 $0.70 $0.91 $0.99 $0.20 $2.59 $3.66 $2.31 -$1.35 -$1.55 -$236 Spring Calving

726 -$0.77 $0.64 $0.44 $0.10 $0.07 $1.18 $1.95 $2.07 $0.12 $0.05 $43 Spring Calving

728 $0.33 $0.35 $0.37 $0.22 $0.98 $0.95 $0.61 $1.55 $0.94 -$0.04 $169 Spring Calving

700 -$0.28 $0.44 $0.79 $0.00 $1.09 $1.23 $1.52 $1.94 $0.42 -$0.67 $38 Spring Calving

723 -$1.51 $0.56 $0.77 $1.06 $0.13 $2.39 $3.91 $3.36 -$0.55 -$0.68 -$121 Spring Calving

556 $0.57 $0.41 $0.52 $0.12 $0.21 $1.05 $0.48 $0.81 $0.33 $0.11 $92 Spring Calving

654 -$0.36 $0.92 $0.33 $0.28 $0.38 $1.53 $1.89 $1.71 -$0.18 -$0.55 -$80 Spring Calving

553 $0.02 $0.65 $0.39 $0.31 $0.23 $1.35 $1.33 $1.19 -$0.14 -$0.37 -$36 Other667 -$3.38 $1.12 $0.99 $0.46 $0.02 $2.58 $5.95 $5.17 -$0.78 -$0.80 -$212 Other694 -$0.59 $0.39 $0.34 $0.10 $0.82 $0.83 $1.42 $2.05 $0.63 -$0.19 $76 Other701 -$9.41 $0.45 $0.99 $1.05 $0.00 $2.49 $11.90 $9.62 -$2.28 -$2.28 -$879 Other

Average -$0.74 $0.69 $0.71 $0.59 $0.29 $1.99 $2.73 $2.15 -$0.58 -$0.87 -$162

Top 20% * $0.30 $0.50 $0.29 $0.24 $0.44 $1.03 $0.73 $1.29 $0.56 $0.12 $241

Autum Av -$0.37 $1.01 $1.25 $1.21 $0.18 $3.47 $3.84 $1.72 -$2.12 -$2.30 -$593

Spring Av -$0.19 $0.54 $0.45 $0.31 $0.35 $1.30 $1.49 $1.69 $0.21 -$0.15 $83

Other Av -$3.34 $0.65 $0.68 $0.48 $0.27 $1.81 $5.15 $4.51 -$0.64 -$0.91 -$263

South Gipp Av -$0.53 $0.85 $0.69 $0.65 $0.29 $2.18 $2.71 $2.04 -$0.67 -$0.96 -$81

East Gipp Av -$0.98 $0.52 $0.69 $0.56 $0.31 $1.78 $2.76 $2.32 -$0.44 -$0.75 -$185

* Top 20% ranked according to beef profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven beef price


TABLE A14Capital Structure 2012-2013 Gippsland

2012/2013 Average 2012/2013 Top 20%

FARM AREAS (HA)

Freehold Area 837 658Area Leased In 201 385Area Leased Out 4 0Effective Area 966 982LAND VALUES

Total Land Value per Effective Hectare $8,690 $7,206Total Land Value per DSE $496 $347Owned Land Value per Hectare $7,211 $7,706Leased Land Value per Hectare $5,501 $6,081OTHER ASSETS (PER EFFECTIVE HECTARE)

Plant & Vehicles $341 $228Livestock $921 $983Hay & Grain on Hand $47 $32Other Assets $82 $150Total Assets $10,081 $8,599LIABILITIES

Liabilities per Effective Hectare $695 $517EQUITY

Equity per Effective Hectare $8,439 $5,131Average Equity % 88% 89%RATIOS

Debt Ratio 16% 14%Plant & Equipment Ratio 2.5 4.4* Top 20% ranked according to operating profit per effective hectare


TABLE A15Farm Labour Efficiency and Enterprise Mix 2012-2013 Gippsland

2012/2013 Average 2012/2013 Top 20%

SHEEP ENTERPRISES

Average Sheep Number 3,576 5,607Sheep Labour Efficiency (ha/person) 421 357Sheep Labour Efficiency (DSE/person) 5,289 5,663BEEF ENTERPRISES

Average Cattle Number 533 577Cattle Labour Efficiency (ha/person) 770 601Cattle Labour Efficiency (DSE/person) 9,415 10,754TOTAL LABOUR EFFICIENCY

Hectares per person 436 424DSE per person 5,808 6,934ENTERPRISE MIX

Wool Sheep (%) 26% 34%Prime Lambs (%) 11% 17%Beef (%) 62% 48%Hay/Cropping (%) 1% 1%* Top 20% ranked according to operating profit per effective hectare


TABLE A16Supplementary Feed Data 2012-2013 Gippsland

Farm No Yield WET TONNES PER HA

Amount Fed to SheepAVERAGE WET KGS PER DSE

Amount Fed to CattleAVERAGE WET KGS PER DSE

Gross Margins$ PER HA

Area CutHA

PASTURE HAY SILAGE PASTURE

HAY SILAGE GRAIN PASTURE HAY SILAGE GRAIN PASTURE

HAY SILAGE PASTURE HAY SILAGE

541 0.0 0.0 9.8 0.0 0.0 1.2 0 0

553 3.3 7.5 1.1 8.8 3.6 25.2 44.9 0.0 $289 $77 48 22

555 0.0 0.0 9.9 0.0 0.0 0.0 0 0

556 0.0 0.0 14.6 0.0 0.0 0.0 0 0

635 1.8 1.7 0.0 4.5 5.6 15.9 0.0 $2 0 35

636 2.5 7.5 1.9 11.4 9.9 0.0 0.0 0.0 $305 $383 40 20

638 3.7 0.0 0.0 5.0 24.3 0.0 0.0 $475 30 0

643 0.0 0.0 0.0 0.4 1.2 0.0 0 0

653 0.0 0.0 0.0 0.0 0.0 0.0 0 0

654 2.2 0.0 0.0 0.0 17.2 0.0 0.0 $343 19 0

663 0.0 0.0 0.0 12.5 0.0 0.0 0 0

667 2.9 0.0 0.0 0.0 22.2 0.0 0.0 $305 33 0

669 0.0 0.0 0.0 0.0 0.0 0.0 0 0

694 5.9 0.0 0.0 0.0 26.9 0.0 0.0 $1,021 32 0

699 1.0 0.0 0.0 0.0 26.2 0.0 0.0 $347 9 0

700 0.0 0.0 0.0 17.5 10.7 0.0 0 0

701 0.0 0.0 0.0 1.5 55.0 0.0 0 0

702 0.0 0.0 0.0 0.0 0.0 0.0 0 0

720 0.0 0.0 0.0 11.6 3.6 0.0 0 0

721 0.0 0.0 0.0 14.8 0.0 0.0 0 0

723 0.0 0.0 0.0 5.0 3.0 0.0 0 0

726 3.5 0.0 0.0 0.0 0.0 0.0 0.0 $602 2 0

727 3.6 0.0 0.0 0.0 67.6 0.0 0.5 $417 40 0

728 7.5 0.0 0.0 1.0 55.1 6.7 0.0 $383 0 12

Average 3.2 6.1 0.2 0.8 2.4 13.9 5.9 0.1 $456 $211 11 4 Top 20% * 1.8 4.7 0.7 2.3 4.8 8.9 3.2 0.2 $326 $192 10 11 South Gipp

Av 2.7 1.8 0.2 0.0 1.2 22.0 2.1 0.1 $378 $2 16 4

East Gipp Av 3.8 7.5 0.2 1.3 3.1 9.9 7.7 0.1 $554 $281 8 3 * Ranked according to operating profit per effective hectare


TABLE A17Wheat Production 2012-2013 GippslandFarm

NoYield Area

Harvested

Gross Margin

Gross Margin

Gross Margin

Cost of Prod.n

Price Receive

d

Profit Excl.

Int/Lease

Cost of Prod.n

Income Profit Excl.

Int/Lease

Profit Excl

Int/Lease

Water Use Eff.

Potential

Water Use

Efficiency

Wheat Type

T/HA HA $/T $/HA $/HA/MM EGSR $/T $/T $/T $/HA $/HA $/HA $/HA/MM

EGSRKG/HA/

MM EGSR %

694 3.4 169 $175 $596 $2.39 $138 $251 $113 $468 $852 $384 $1.54 13.6% 68% Red728 2.5 60 $172 $430 $1.68 $325 $300 -$25 $812 $750 -$62 -$0.24 9.8% 49% Red

Average 3.0 115 $173 $513 $2.04 $231 $275 $44 $640 $801 $161 $0.65 11.7% 59%

EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation

TABLE A18Canola Production 2012-2013 Gippsland

Farm No

Yield Area Harvest

ed

Gross Margin

Gross Margin

Gross Margin

Cost of Producti

on

Price Receive

d

Profit Excl

Int/Lease

Cost of Producti

on

Income Profit Excl

Int/Lease

Profit Excl

Int/Lease

Water Use

Efficiency

Potential Water

Use Efficienc

y


EGSRKG/HA/MM

EGSR %

694 2.1 254 $426 $894 $3.58 $235 $560 $325 $492 $1,174 $682 $2.74 8.4% 84%EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation

TABLE A19Oats Production 2012-2013 Gippsland

Farm No

Yield Area Harvest

ed

Gross Margin

Gross Margin

Gross Margin

Cost of Producti

on

Sales Price

Received

Profit Excl

Int/Lease

Cost of Producti

on

Income Profit Excl

Int/Lease

Profit Excl

Int/Lease

Water Use

Efficiency

Potential Water

Use Efficienc

y


EGSRKG/HA/MM

EGSR %

728 2.5 12 $75 $188 $0.68 $331 $210 -$121 $828 $525 -$303 -$1.10 9.1% 41%EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation* When no grain is sold sale price equals standard value.


TABLE A20Wheat Enterprise Costs 2012-2013 Gippsland

Farm No

Seed Chemicals

Contract Services

Fertilizer Soil Condition

ers

Casual Labour

Freight/ Cartage

Repairs & Maintena

nce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

694 $0 $16 $18 $42 $0 $0 $0 $0 $0 $0 $0 $75728 $20 $27 $28 $40 $0 $0 $0 $0 $13 $0 $0 $128

Average $10 $21 $23 $41 $0 $0 $0 $0 $7 $0 $0 $102

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA $/HA

694 $0 $54 $60 $142 $0 $0 $0 $0 $0 $0 $0 $256728 $50 $67 $70 $100 $0 $0 $0 $0 $33 $0 $0 $320

Average $25 $60 $65 $121 $0 $0 $0 $0 $17 $0 $0 $288

TABLE A21Canola Enterprise Costs 2012-2013 Gippsland

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

694 $0 $26 $43 $65 $0 $0 $0 $0 $0 $0 $0 $134

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total


694 $0 $54 $90 $136 $0 $0 $0 $0 $0 $0 $0 $280


TABLE A22Oats Enterprise Costs 2012-2013 Gippsland

Farm No Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insuranc

e

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

728 $20 $33 $28 $40 $0 $0 $0 $0 $13 $0 $0 $135

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insuranc

e

Sundries Total


728 $50 $83 $70 $100 $0 $0 $0 $0 $33 $0 $0 $337

TABLE A23Historical Data For Selected Average Profitability Indicators - Gippsland

Years Gross Income Enterprise Costs Overhead Costs Net Income Return to Assets

Return to Equity

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

2004-05 $344 $429 $114 $142 $74 $92 $156 $194 3.0% 4.0%2005-06 $282 $338 $144 $173 $78 $93 $60 $72 -0.4% -1.6%2006-07 $293 $344 $140 $164 $85 $100 $67 $79 -0.7% -2.2%2007-08 $604 $679 $251 $282 $105 $118 $248 $279 2.1% 1.0%2008-09 $392 $434 $240 $266 $116 $128 $36 $40 -1.6% -5.0%2009-10 $456 $490 $187 $201 $117 $126 $152 $163 0.4% -0.5%2010-11 $697 $722 $202 $209 $164 $170 $330 $342 2.6% 2.1%2011-12 $690 $706 $226 $231 $196 $200 $268 $275 1.9% 0.7%2012-13 $536 $536 $236 $236 $207 $207 $93 $93 0.3% -0.8%9 year Av - $520 - $212 - $137 - $171 0.8% -0.3%Difference between 2012-13 Av & 9 year Av

- $16 - $25 - $70 - -$77 -0.5% -0.5%

- +3% - +12% - +51% - -45%

Note: ‘Real’ dollar values are the nominal values converted to 2012-13 dollar equivalents by the C.P.I. to allow for inflation.The data in the above table from 2004-05 to 2008-09 has been obtained from the Sheep Farm Monitor Project.Data from 2009-10 onwards has been obtained from the Livestock Farm Monitor Project.


TABLE A24Historical Gross Margins For Livestock Enterprises - Gippsland

Years Wool Sheep Prime Lamb Beef Cattle

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

2004-05 $14.82 $18.48 $162 $202

2005-06 $8.01 $9.60 $91 $109

2006-07 $9.34 $10.96 $99 $116

2007-08 $18.04 $20.27 $243 $274 $16.77 $18.85 $277 $311

2008-09 $3.61 $4.00 $48 $53 $15.42 $17.06 $221 $245

2009-10 $14.64 $15.72 $145 $156 $25.12 $26.97 $353 $379 $17.52 $18.81 $249 $267 2010-11 $33.71 $34.94 $327 $339 $41.07 $42.56 $710 $736 $24.06 $24.94 $418 $433 2011-12 $28.61 $29.30 $324 $332 $35.06 $35.90 $627 $642 $18.62 $19.07 $344 $353 2012-13 $23.22 $23.22 $259 $259 $20.41 $20.41 $435 $435 $13.37 $13.37 $220 $220 9 year Av - $18 - $204 - $27 - $458 - $19 - $318Differenc

e between 2012-13 Av & 9 year Av

- $5 - -$55 - -$7 - -$23 - -$6 - -$98

- +26% - +27% - -24% - -5% - -30% - -31%

Note: ‘Real’ dollar values are the nominal values converted to 2012-13 dollar equivalents by the C.P.I. to allow for inflation.The data in the above table from 2004-05 to 2008-09 has been obtained from the Sheep Farm Monitor Project.Data from 2009-10 onwards has been obtained from the Livestock Farm Monitor Project.Early figures for prime lamb and beef cattle enterprises were not reported in the old Sheep Farm Monitor Projects and are therefore not shown in the above table.


TABLE A25Historical Data For Selected Average Profitability Indicators - Gippsland

Years Stocking Rate

Wool Sheep

Micron Wool Cut (Gr.) Net Wool Price Average Sale Price Lamb %

(KG/HA)NOMINAL($/KG) GR.

REAL($/KG) GR.

NOMINAL($/HD)

REAL($/HD)

2004-05 11.4 19.0 36 $5.33 $6.65 $41 $51 74%2005-06 11.7 18.8 37 $5.38 $6.44 $31 $37 73%2006-07 11.2 18.4 36 $6.47 $7.59 $23 $27 74%2007-08 15.3 18.8 43 $6.86 $7.71 $42 $47 79%2008-09 13.0 18.5 34 $5.62 $6.22 $37 $41 70%2009-10 13.0 18.2 31 $6.28 $6.74 $62 $67 62%2010-11 15.4 18.6 34 $8.79 $9.11 $92 $95 66%2011-12 17.2 18.4 37 $7.92 $8.11 $72 $73 84%2012-13 17.0 18.7 44 $7.81 $7.81 $54 $54 81%

9 year Average 13.9 18.6 37 $7.38 $55 74%

Difference between 2012-

13 Av & 9 year Av

3.1 7 $0.43 -$0 7%

22% 19% 6% -1%

Years Prime Lambs Beef Cattle

Wool Cut (Gr.) Net Wool Price Average Sale Price Lamb % Calving

% Average Sale Price


REAL($/KG) GR.

NOMINAL($/HD)

REAL($/HD)

NOMINAL($/HD)

REAL($/HD)

2004-05

2005-06

2006-07

2007-08 32 $3.80 $4.27 $72 $81 103%

2008-09 25 $3.42 $3.79 $79 $87 99%

2009-10 31 $3.61 $3.87 $99 $106 103% 89% $652 $7002010-11 35 $4.30 $4.46 $132 $137 103% 88% $780 $8082011-12 36 $4.65 $4.76 $108 $110 111% 90% $783 $8022012-13 43 $4.72 $4.72 $79 $79 109% 90% $682 $682

9 year Average 34 $4.31 $100 105% 90% $748

Difference between 2012-13 Av & 9 year Av

10 $0.41 -$21 5% 1% -$66

28% 9% -21% -9%


Appendices: Northern Victoria

TABLE B1Main Financial Indicators 2012-2013 Northern Victoria

Farm No

Gross Income

Enterprise Costs

Overhead Costs

Cost Structure

Net Income

O/O Allowance

Operating Profit

Return on Assets

Debt Ratio

Return on Equity


582 $394 $202 $147 89% $45 $5 $40 1.1% 9% 0.1%583 $229 $183 $58 105% -$11 $42 -$53 -1.7% 0% -1.7%584 $745 $350 $101 61% $293 $26 $267 4.3% 13% 7.5%586 $242 $146 $71 89% $26 $102 -$77 -1.4% 0% -1.4%588 $309 $117 $40 51% $153 $67 $85 2.3% 7% 2.1%589 $335 $95 $71 49% $169 $42 $127 2.1% 74% -9.1%598 $378 $176 $68 65% $134 $99 $35 0.8% 3% 0.6%599 $475 $271 $77 73% $128 $85 $42 1.0% 15% -1.1%614 $82 $127 $118 299% -$163 $86 -$249 -5.3% 3% -5.3%615 $418 $144 $137 67% $137 $38 $99 4.0% 15% 2.0%616 $319 $197 $35 73% $87 $54 $33 1.3% 7% 0.5%630 $357 $77 $98 49% $182 $114 $68 1.2% 3% 1.2%650 $70 $44 $53 138% -$27 $30 -$57 -1.6% 201% -14.8%680 $518 $150 $292 85% $76 $369 -$293 -2.9% 0% -2.9%685 $479 $252 $95 72% $132 $8 $124 3.6% 23% 2.3%688 $458 $187 $95 62% $175 $33 $142 3.4% 0% 3.8%706 $402 $136 $225 90% $41 $105 -$64 -1.8% 5% -2.5%708 $491 $142 $106 51% $243 $42 $200 2.9% 1% 2.9%709 $441 $155 $202 81% $84 $138 -$54 -1.0% 8% -2.0%711 $469 $195 $98 63% $176 $103 $73 2.5% 0% 2.5%712 $604 $398 $131 87% $76 $165 -$89 -2.4% 0% -2.4%727 $597 $374 $35 69% $188 $92 $96 1.2% 29% -30.5%728 $249 $102 $90 77% $56 $61 -$5 -0.4% 12% -3.2%729 $243 $52 $61 46% $130 $46 $85 2.0% 25% 1.4%730 $336 $31 $49 24% $255 $122 $133 2.6% 28% 1.1%731 $245 $160 $111 110% -$25 $111 -$136 -3.8% 3% -4.6%732 $344 $93 $142 69% $108 $46 $63 1.4% 2% 1.4%733 $467 $146 $120 57% $200 $199 $1 0.0% 1% -0.1%734 $420 $163 $148 74% $109 $16 $92 1.2% 8% 0.9%

Average $383 $168 $106 80% $110 $84 $25 0.6% 17% -1.8%Top 20% * $474 $176 $86 53% $211 $46 $166 3.2% 23% 1.4%* Ranked according to operating profit per effective hectare.


TABLE B2Key Physical Data 2012-2013 Northern Victoria

Farm No

Average Rainfall

Actual Rainfall

Stocking Rate


Rate

P Applied

P Applied

P Nutrient Balance

K Nutrient Balance

S Nutrient Balance


DSE/HA/25MM OVER

250MMKG P/

GRAZED HAKG

P/GRAZED HA/100MM

KG/HA KG/HA KG/HA

582 526 373 9.6 1.8 0.87 14.4 10 1.8 9.2 8.9 1.5583 615 350 8.3 1.3 0.57 16.2 8 1.3 7.4 -0.7 8.7584 842 611 20.1 2.4 0.85 18.4 19 2.2 16.4 5.1 12.0586 518 339 7.2 1.4 0.67 6.8 4 0.9 4.6 0.8 4.8588 633 412 9.3 1.5 0.61 7.6 9 1.4 8.7 9.6 6.9589 589 374 8.8 1.5 0.65 7.8 5 0.8 2.6 -5.2 3.0598 700 410 7.4 1.1 0.41 6.3 5 0.8 5.7 2.2 4.5599 670 457 14.3 2.1 0.85 12.3 7 1.0 6.9 6.0 6.4614 570 380 7.3 1.3 0.57 5.8 0 0.1 1.7 6.4 0.5615 652 427 9.3 1.4 0.58 12.7 3 0.4 2.5 1.4 2.3616 550 317 6.2 1.1 0.52 8.4 6 1.1 5.9 0.4 6.5630 734 551 10.4 1.4 0.54 12.2 5 0.6 3.1 -1.0 3.9650 595 342 2.6 0.4 0.19 2.5 0 0.0 -0.4 -0.3 -0.6680 657 445 11.1 1.7 0.68 9.3 0 0.0 -1.8 0.3 -1.9685 800 456 11.7 1.5 0.53 12.7 4 0.6 4.6 7.7 0.1688 670 457 13.4 2.0 0.80 11.9 6 0.8 4.2 1.0 2.5706 400 406 5.5 1.4 0.92 3.0 1 0.3 -1.9 -2.9 -1.1708 650 639 14.1 2.2 0.88 15.1 22 3.4 20.3 2.6 25.7709 954 894 10.2 1.1 0.36 9.4 6 0.6 4.6 1.4 4.7711 586 469 7.6 1.3 0.57 10.5 12 2.1 4.6 -7.6 -5.3712 482 335 10.2 2.1 1.10 18.6 9 1.8 10.1 7.9 9.3727 435 413 11.1 2.6 1.50 7.5 0 0.0 -1.8 -1.8 -3.6728 471 348 2.5 0.5 0.29 3.0 0 0.0 -1.9 -3.2 -1.7729 668 432 5.6 0.8 0.34 3.9 0 0.0 -1.5 -1.7 -1.9730 810 741 7.3 0.9 0.33 7.4 0 0.0 -1.6 -0.8 -1.6731 527 393 5.3 1.0 0.48 8.4 2 0.4 2.8 -0.9 -0.3732 557 305 11.4 2.0 0.93 17.7 0 0.0 -0.6 -0.8 -1.5733 800 839 14.3 1.8 0.65 14.3 8 1.0 6.0 -0.8 7.9734 619 416 9.1 1.5 0.62 8.4 3 0.4 -1.2 -9.2 -1.9

Average 630 460 9.4 1.5 0.65 10.1 5 0.8 4.1 0.9 3.1Top 20% * 727 546 12.5 1.7 0.67 12.2 9 1.3 7.8 1.7 6.9* Ranked according to operating profit per effective hectare.


TABLE B3Wool Sheep Production 2012-2013 Northern Victoria

Farm No

Stocking Rate


Clean Wool Cut

Clean Wool Cut

Clean Wool Cut


Main Wool Sale Mont

h

Av Wool

Micron

Av Wool Yield

Ram Cost Per

Progeny

Av Sale Price

Gross Margin

Gross Margin

Gross Margin

Time of

Lambing

Lamb Markin

g %

DSE/HA KG/HD KG/HA KG/DSE KG/HA/100MM $/KG $/HD $/HA $/HA

/100MM $/DSE

582 9.6 3.0 14.5 1.5 2.8 $8.82 Mar 20.0 64% $1.73 $67 $168 $32 $18 Jul 90%583 8.3 3.7 19.7 2.4 3.2 $9.80 Apr 17.7 69% $2.24 $43 $29 $5 $3 Aug 70%584 20.1 3.8 50.9 2.5 6.0 $11.54 Apr 17.9 69% $1.92 $45 $401 $48 $20 Sep 86%586 7.2 4.9 15.1 2.1 2.9 $11.10 Mar 18.9 73% $3.68 $46 $81 $16 $11 Aug 77%588 9.3 4.3 17.5 1.9 2.8 $12.43 Mar 18.3 70% $4.90 $47 $154 $24 $17 Aug 67%589 8.8 3.4 19.7 2.2 3.3 $9.35 May 17.6 68% $0.00 $63 $193 $33 $22 Aug 64%598 7.4 4.5 22.6 3.1 3.2 $11.10 Jan 18.2 70% $3.26 $56 $186 $27 $25 Aug 88%599 14.3 3.3 38.9 2.7 5.8 $12.23 Mar 17.5 72% $3.79 $44 $310 $46 $22 Sep 69%614 7.3 2.6 13.2 1.8 2.3 $9.02 Feb 19.0 75% $0.00 $49 -$62 -$11 -$8 - -615 9.3 3.0 21.0 2.3 3.2 $10.94 Mar 18.5 71% $3.97 $88 $273 $42 $29 Jul 68%616 6.2 3.9 15.2 2.5 2.8 $10.33 Apr 18.4 64% $0.00 $76 $108 $20 $17 Jul 89%685 11.7 3.7 27.0 2.3 3.4 $10.92 May 19.0 73% $4.34 $43 $217 $27 $19 Aug 91%711 7.6 3.1 17.9 2.3 3.0 $10.92 Nov 18.2 70% $0.00 $73 $228 $39 $30 Jul 98%712 10.2 3.9 28.4 2.8 5.9 $12.67 Feb 19.0 67% $0.00 $70 $301 $62 $29 Jul 115%728 2.5 4.2 5.3 2.1 1.1 $9.55 May 18.8 66% $8.75 $23 $43 $9 $17 Jul 71%731 5.3 3.6 10.8 2.0 2.1 $10.08 Jan 19.5 73% $0.00 $49 $40 $8 $7 Jul 86%732 11.4 2.9 19.7 1.7 3.5 $11.02 Feb 18.0 72% $1.52 $62 $249 $45 $22 Jul 55%

Average 9.2 3.6 21.0 2.2 3.4 $10.70 18.5 70% $2.36 $56 $172 $28 $18 80%

Top 20% * 14.8 3.7 39.4 2.7 5.9 $12.15 18.1 69% $1.90 $53 $337 $52 $24 90%



TABLE B4Prime Lamb Production 2012-2013 Northern Victoria

Farm No

Stocking Rate

Lamb Produced

Lamb Produced

Lamb Produced

Av Lamb Weight

Av Lamb Price

Av Lamb Price

Adult Gr. Wool Cut

Greasy Wool Cut

Average Wool

Micron


588 9.3 157 71 11.1 22.2 $3.98 $89 6.3 27 20.0599 14.3 115 52 7.8 19.9 $4.24 $84 3.6 22 35.0630 10.4 162 73 9.9 22.3 $3.96 $88 5.2 20 29.0650 2.6 61 28 4.6 14.3 $3.31 $47 2.6 5 29.0650 2.6 35 16 3.5 21.0 $4.42 $93 - - -685 11.7 210 94 11.8 15.8 $5.98 $95 3.8 24 28.0688 13.4 203 91 13.7 18.9 $3.62 $69 4.3 25 27.0706 5.5 220 99 6.5 25.9 $3.42 $89 4.3 16 23.0712 10.2 209 94 19.5 15.9 $3.41 $54 5.9 31 19.0727 11.1 164 74 5.2 22.4 $3.92 $88 5.3 50 21.0728 2.5 54 24 5.2 22.5 $4.10 $92 5.4 6 18.8729 5.6 105 47 7.1 15.7 $3.18 $50 2.6 8 26.0731 5.3 112 50 9.5 19.8 $3.73 $74 4.9 12 19.5733 14.3 225 101 12.7 22.5 $3.87 $87 4.6 32 30.1

Average 8.5 145 65 9.1 19.9 $3.94 $78 4.5 21.5 25.0Top 20% * 8.6 180 81 7.6 23.5 $3.78 $88 5.3 31.0 21.3Merino Ewe

Av 6.8 133 60 11.3 20.1 $3.80 $77 5.6 19.2 19.3

Other Ewe Av 9.2 150 68 8.3 19.9 $3.99 $79 4.0 22.5 27.6

Farm No

Ewe Breed


Gross Margin

Gross Margin

Gross Margin

Time of Lambing

Lamb Marking %

Ewe % of DSE


588 Merino $7.47 $341 $54 $37 Sep 78% 83%599 Coopworth $2.83 $50 $7 $3 Aug 112% 75%630 Xbred $3.27 $271 $37 $26 Jul 96% 87%650 Xbred $3.31 $26 $4 $10 Aug 131% 96%650 Xbred - $73 $12 $28 - - 15%685 Xbred $4.27 $309 $39 $26 Jul 136% 70%688 Xbred $4.53 $283 $42 $21 Aug 125% 74%706 Xbred $3.28 $190 $47 $34 Sep 124% 38%712 Merino $8.03 $98 $20 $10 Jul 103% 92%727 Xbred $6.85 $221 $51 $20 Aug - 39%728 Merino $6.46 $114 $24 $45 Jul 95% 93%729 Composite $4.33 $195 $29 $35 Aug 113% 67%731 Merino $7.31 $122 $23 $23 Jul 106% 98%733 Xbred $3.07 $369 $46 $26 Aug 111% 80%

Average $5.00 $190 $31 $25 111% 72%

Top 20% * $5.86 $250 $51 $30 101% 53%

Merino Ewe Av $7.32 $169 $30 $29 95% 92%

Other Ewe Av $3.97 $199 $32 $23 118% 64%


Table B5Beef Cattle Production 2012-2013 Northern Victoria

Farm No

Stocking Rate

Beef Produced

Beef Produced

Beef Sold

Average Sale Price

Average Wt Sales

Average Sale Price


630 10.4 234 32 208 $998 641 $1.56730 7.3 190 23 201 $970 527 $1.84584 20.1 357 42 285 $840 494 $1.70588 9.3 185 29 175 $742 432 $1.72615 9.3 164 25 134 $669 407 $1.64680 11.1 263 40 305 $932 483 $1.93685 11.7 252 32 214 $814 493 $1.65688 13.4 248 37 333 $610 411 $1.48708 14.1 276 42 309 $680 389 $1.75709 10.2 226 24 195 $680 413 $1.65730 7.3 204 25 100 $1,142 607 $1.88733 14.3 288 36 121 $780 542 $1.44706 5.5 103 26 350 $491 371 $1.33734 9.1 301 49 625 $1,044 619 $1.69

Average 10.9 235 33 254 $814 488 $1.66Top 20% * 15.1 299 42 300 $817 455 $1.79Autumn Av 8.9 212 28 205 $984 584 $1.70Spring Av 12.1 246 33 217 $789 467 $1.68Other Av 7.3 202 37 487 $768 495 $1.51


Farm No

Main Sale Stock

Gross Margin

Gross Margin

Gross Margin

Time of Calving



630 Steers $273 $37 $26 Apr 90% 68% Autumn Calving

730 Weaners $306 $38 $42 Mar 80% 72% Autumn Calving

584 Steers $411 $49 $21 Sep 80% 58% Spring Calving

588 Steers & Heifers $213 $34 $23 Sep 98% 59% Spring

Calving

615 Steers $81 $12 $9 Jul 97% 66% Spring Calving

680 Steers $351 $53 $32 Aug 89% 71% Spring Calving


688 Weaners $242 $36 $18 Aug 70% 76% Spring Calving

708 Weaners $325 $50 $23 Jul 92% 64% Spring Calving


730 Cows $290 $36 $40 Jul 90% 75% Spring Calving


706 Bulls $66 $17 $12 Oct 79% 29% Other734 Steers $239 $39 $26 - - - Other

Average $247 $34 $23 87% 63%

Top 20% * $363 $51 $25 87% 64%

Autumn Av $290 $38 $34 85% 70%

Spring Av $257 $35 $22 88% 66%

Other Av $153 $28 $19 79% 29%



TABLE B6Wool Sheep Enterprise Costs 2012-2013 Northern Victoria

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


582 $1.17 $3.32 $11.25 $2.97 $1.08 $0.54 $0.36 $0.00 $0.25 $2.83 $23.76583 $3.15 $7.89 $6.30 $5.16 $1.20 $0.13 $0.23 $0.00 $0.18 $2.09 $26.34584 $1.30 $4.71 $2.09 $5.79 $0.06 $0.63 $0.00 $0.06 $0.75 $1.30 $16.69586 $1.52 $4.45 $6.76 $5.40 $0.00 $0.54 $0.23 $0.32 $0.98 $2.20 $22.39588 $0.85 $1.73 $2.41 $5.14 $0.00 $0.33 $0.19 $0.04 $0.81 $1.62 $13.12589 $2.02 $2.84 $1.38 $2.43 $0.00 $0.29 $0.00 $0.00 $0.17 $1.81 $10.92598 $2.83 $6.01 $9.86 $3.51 $0.00 $0.67 $0.27 $0.00 $0.94 $2.99 $27.09599 $2.14 $6.07 $7.24 $3.10 $0.72 $0.62 $0.26 $0.09 $0.50 $2.63 $23.36614 $1.69 $4.44 $5.93 $0.26 $0.00 $2.88 $0.52 $0.00 $1.55 $1.74 $19.01615 $2.65 $2.96 $2.85 $3.03 $0.62 $0.54 $0.79 $0.12 $0.65 $2.30 $16.52616 $2.13 $5.08 $12.83 $8.55 $0.54 $0.62 $0.33 $0.25 $1.43 $3.50 $35.26685 $1.31 $5.25 $7.94 $3.23 $0.33 $0.48 $0.24 $0.40 $1.09 $1.54 $21.81711 $2.87 $5.05 $8.11 $4.86 $0.00 $0.37 $0.35 $0.00 $0.12 $3.56 $25.30712 $3.79 $3.73 $23.12 $3.75 $1.08 $0.94 $0.57 $0.13 $1.70 $5.16 $43.97728 $0.51 $3.48 $3.45 $0.00 $0.00 $0.01 $0.00 $0.00 $3.74 $1.49 $12.69731 $2.78 $3.20 $13.04 $3.83 $0.00 $0.26 $0.43 $0.66 $1.79 $2.62 $28.62732 $2.38 $4.79 $0.77 $0.32 $0.00 $0.00 $0.00 $0.00 $0.08 $2.48 $10.82

Average $2.06 $4.41 $7.37 $3.61 $0.33 $0.58 $0.28 $0.12 $0.98 $2.46 $22.21Top 20% * $2.41 $4.84 $10.82 $4.21 $0.62 $0.73 $0.28 $0.09 $0.98 $3.03 $28.00


Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


582 $11 $32 $108 $28 $10 $5 $3 $0 $2 $27 $227583 $26 $65 $52 $43 $10 $1 $2 $0 $2 $17 $218584 $26 $94 $42 $116 $1 $13 $0 $1 $15 $26 $335586 $11 $32 $49 $39 $0 $4 $2 $2 $7 $16 $161588 $8 $16 $22 $48 $0 $3 $2 $0 $7 $15 $122589 $18 $25 $12 $21 $0 $3 $0 $0 $1 $16 $96598 $21 $44 $73 $26 $0 $5 $2 $0 $7 $22 $200599 $30 $86 $103 $44 $10 $9 $4 $1 $7 $38 $333614 $12 $33 $43 $2 $0 $21 $4 $0 $11 $13 $139615 $25 $28 $27 $28 $6 $5 $7 $1 $6 $22 $154616 $13 $32 $80 $53 $3 $4 $2 $2 $9 $22 $219685 $15 $61 $93 $38 $4 $6 $3 $5 $13 $18 $255711 $22 $39 $62 $37 $0 $3 $3 $0 $1 $27 $193712 $39 $38 $236 $38 $11 $10 $6 $1 $17 $53 $449728 $1 $9 $9 $0 $0 $0 $0 $0 $9 $4 $32731 $15 $17 $70 $20 $0 $1 $2 $4 $10 $14 $153732 $27 $55 $9 $4 $0 $0 $0 $0 $1 $28 $123



TABLE B7Prime Lamb Enterprise Costs 2012-2013 Northern Victoria

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


588 $0.68 $1.54 $7.82 $5.14 $0.00 $0.74 $0.17 $0.00 $1.36 $4.30 $21.74599 $1.57 $3.09 $7.28 $3.10 $0.31 $0.44 $0.13 $0.10 $0.43 $1.38 $17.82630 $0.92 $2.51 $0.16 $3.49 $0.00 $0.33 $0.00 $0.00 $0.39 $4.63 $12.42650 $1.15 $6.79 $2.23 $0.00 $0.00 $1.46 $0.22 $0.00 $1.40 $6.50 $19.75650 $1.59 $7.00 $0.00 $0.00 $0.00 $35.38 $0.00 $0.00 $0.00 $14.93 $58.90685 $1.16 $4.57 $8.83 $3.23 $0.29 $0.13 $0.22 $0.35 $0.96 $3.32 $23.05688 $0.74 $2.14 $6.05 $3.78 $0.00 $0.76 $0.21 $1.13 $0.80 $2.84 $18.46706 $2.32 $5.49 $7.42 $1.05 $0.00 $3.97 $0.25 $0.00 $0.00 $14.59 $35.08712 $3.96 $3.90 $19.52 $3.75 $1.13 $0.98 $0.59 $0.14 $1.78 $6.23 $41.97727 $3.27 $10.13 $6.51 $0.00 $0.00 $13.27 $0.40 $0.00 $0.10 $14.82 $48.50728 $0.11 $3.64 $0.00 $0.00 $0.00 $0.08 $0.00 $0.00 $3.91 $4.41 $12.15729 $3.36 $1.91 $3.01 $0.00 $0.00 $1.80 $0.11 $0.03 $0.29 $2.24 $12.75731 $3.72 $0.48 $9.51 $3.83 $0.00 $0.00 $0.00 $0.86 $1.84 $3.99 $24.23733 $1.61 $4.04 $0.00 $4.53 $0.24 $0.00 $0.56 $0.00 $1.36 $3.39 $15.73


Av $2.12 $2.39 $9.21 $3.18 $0.28 $0.45 $0.19 $0.25 $2.22 $4.73 $25.02

Other Ewe Av $1.77 $4.77 $4.15 $1.92 $0.08 $5.75 $0.21 $0.16 $0.57 $6.86 $26.25


Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


588 $6 $14 $73 $48 $0 $7 $2 $0 $13 $40 $202599 $22 $44 $104 $44 $4 $6 $2 $1 $6 $20 $254630 $10 $26 $2 $36 $0 $3 $0 $0 $4 $48 $129650 $3 $18 $6 $0 $0 $4 $1 $0 $4 $17 $51650 $4 $18 $0 $0 $0 $92 $0 $0 $0 $39 $153685 $14 $53 $103 $38 $3 $1 $3 $4 $11 $39 $269688 $10 $29 $81 $51 $0 $10 $3 $15 $11 $38 $248706 $13 $30 $41 $6 $0 $22 $1 $0 $0 $80 $193712 $40 $40 $199 $38 $11 $10 $6 $1 $18 $64 $428727 $36 $113 $72 $0 $0 $147 $4 $0 $1 $165 $539728 $0 $9 $0 $0 $0 $0 $0 $0 $10 $11 $31729 $19 $11 $17 $0 $0 $10 $1 $0 $2 $13 $72731 $20 $3 $51 $20 $0 $0 $0 $5 $10 $21 $129733 $23 $58 $0 $65 $3 $0 $8 $0 $19 $49 $225


Av $17 $16 $81 $27 $3 $4 $2 $1 $13 $34 $198

Other Ewe Av $15 $40 $43 $24 $1 $30 $2 $2 $6 $51 $213



TABLE B8Beef Cattle Enterprise Costs 2012-2013 Northern Victoria


Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Repairs & Maint

Other Selling Costs

Total Ent. Costs


630 Autumn Calving $0.69 $1.22 $0.28 $3.49 $0.00 $0.45 $0.00 $0.23 $3.05 $9.39

730 Autumn Calving $1.00 $0.32 $0.32 $0.07 $0.00 $0.08 $0.38 $2.17 $1.54 $5.89

584 Spring Calving $1.71 $0.00 $8.96 $5.79 $0.00 $0.85 $0.05 $0.53 $1.01 $18.90

588 Spring Calving $0.60 $0.00 $3.97 $5.14 $0.00 $0.44 $0.00 $0.48 $2.21 $12.83

615 Spring Calving $1.11 $0.00 $13.53 $3.03 $0.00 $0.59 $0.17 $0.64 $1.47 $20.53

680 Spring Calving $2.14 $0.00 $3.61 $6.96 $0.00 $0.52 $0.00 $0.00 $7.74 $20.96

685 Spring Calving $1.13 $0.50 $15.02 $3.23 $0.25 $1.10 $0.37 $0.63 $2.03 $24.26

688 Spring Calving $0.33 $0.00 $5.68 $3.78 $0.00 $0.85 $0.00 $0.29 $1.66 $12.59

708 Spring Calving $0.18 $0.16 $4.26 $4.44 $0.00 $0.69 $0.00 $0.44 $1.46 $11.63

709 Spring Calving $1.58 $0.00 $5.52 $6.99 $0.43 $0.00 $0.00 $0.00 $2.60 $17.12

730 Spring Calving $0.85 $0.27 $0.27 $0.07 $0.00 $0.26 $0.26 $1.84 $1.81 $5.62

733 Spring Calving $0.66 $0.00 $1.49 $4.53 $1.58 $0.31 $0.00 $0.68 $0.87 $10.12

706 Other $0.60 $0.22 $2.18 $1.05 $0.00 $1.71 $0.00 $0.28 $6.86 $12.89734 Other $1.70 $0.35 $1.13 $6.48 $0.00 $3.93 $0.00 $0.49 $4.81 $18.91

Average $1.02 $0.22 $4.73 $3.93 $0.16 $0.84 $0.09 $0.62 $2.79 $14.40

Top 20% * $1.34 $0.05 $5.61 $5.73 $0.00 $0.69 $0.02 $0.32 $3.40 $17.16

Autumn Av $0.84 $0.77 $0.30 $1.78 $0.00 $0.27 $0.19 $1.20 $2.30 $7.64

Spring Av $1.03 $0.09 $6.23 $4.40 $0.23 $0.56 $0.09 $0.55 $2.28 $15.46

Other Av $1.15 $0.29 $1.65 $3.76 $0.00 $2.82 $0.00 $0.39 $5.83 $15.90



Contract Services

Supp Feed & Agistmt


Freight/ Cartage

Repairs & Maint

Other Selling Costs

Total Ent. Costs


630 $7 $13 $3 $36 $0 $5 $0 $2 $32 $98730 $7 $2 $2 $1 $0 $1 $3 $16 $11 $43584 $34 $0 $180 $116 $0 $17 $1 $11 $20 $379588 $6 $0 $37 $48 $0 $4 $0 $4 $20 $119615 $10 $0 $126 $28 $0 $5 $2 $6 $14 $192680 $24 $0 $40 $77 $0 $6 $0 $0 $86 $233685 $13 $6 $176 $38 $3 $13 $4 $7 $24 $284688 $4 $0 $76 $51 $0 $11 $0 $4 $22 $169708 $2 $2 $60 $62 $0 $10 $0 $6 $21 $163709 $16 $0 $56 $71 $4 $0 $0 $0 $26 $175730 $6 $2 $2 $1 $0 $2 $2 $13 $13 $41733 $9 $0 $21 $65 $23 $4 $0 $10 $12 $145706 $3 $1 $12 $6 $0 $9 $0 $2 $38 $71734 $15 $3 $10 $59 $0 $36 $0 $5 $44 $173

Average $11 $2 $57 $47 $2 $9 $1 $6 $27 $163Top 20% * $20 $1 $93 $85 $0 $11 $0 $6 $42 $258Autumn Av $7 $7 $3 $18 $0 $3 $1 $9 $21 $70Spring Av $13 $1 $77 $56 $3 $7 $1 $6 $26 $190Other Av $9 $2 $11 $32 $0 $23 $0 $3 $41 $122



TABLE B9Pasture Costs Per Grazed Hectare 2012-2013 Northern Victoria

Farm No






582 $2 $2 $8 $16 $0 $3 $31583 $3 $1 $4 $35 $0 $0 $43584 $15 $6 $12 $85 $0 $2 $121586 $0 $1 $0 $35 $0 $3 $39588 $3 $0 $2 $42 $0 $0 $48589 $4 $0 $0 $17 $0 $0 $21598 $2 $1 $4 $19 $0 $0 $26599 $1 $1 $8 $31 $1 $1 $44614 $0 $0 $0 $1 $0 $0 $2615 $9 $3 $3 $12 $0 $1 $28616 $0 $0 $0 $53 $0 $0 $53630 $0 $18 $0 $18 $0 $1 $36650 $0 $0 $0 $0 $0 $0 $0680 $2 $0 $0 $75 $0 $1 $78685 $3 $2 $8 $24 $0 $1 $39688 $4 $4 $11 $31 $0 $0 $51706 $0 $0 $0 $5 $0 $0 $5708 $2 $0 $8 $54 $0 $0 $64709 $6 $0 $25 $41 $0 $0 $72711 $2 $0 $0 $17 $0 $1 $20712 $0 $0 $7 $27 $0 $3 $37727 $0 $0 $0 $0 $0 $0 $0728 $0 $0 $0 $0 $0 $0 $0729 $0 $0 $0 $0 $0 $0 $0730 $0 $1 $0 $0 $0 $0 $1731 $2 $7 $0 $6 $1 $2 $19732 $0 $1 $0 $2 $0 $0 $4733 $0 $3 $15 $47 $0 $0 $65734 $0 $0 $0 $67 $0 $0 $67

Average $2 $2 $4 $26 $0 $1 $35Top 20% * $5 $2 $7 $35 $0 $0 $49

* Ranked according to operating profit per effective hectare

Appendices: South West

TABLE B10Overhead Costs Per Effective Hectare 2012-2013 Northern Victoria

Farm No

Paid Labour

Training &

Consultants


Insurance R&M - Plant & Equip.


Admin Rates & Rents


Total Overhead

s


582 $90 $0 $0 $7 $3 $10 $4 $5 $23 $0 $5 $147583 $0 $0 $0 $4 $9 $4 $25 $5 $7 $0 $5 $58584 $61 $1 $1 $8 $4 $1 $5 $6 $3 $5 $7 $101586 $1 $1 $0 $3 $9 $8 $2 $7 $20 $2 $18 $71588 $0 $0 $3 $4 $3 $1 $1 $11 $11 $0 $6 $40589 $0 $2 $0 $9 $18 $0 $0 $18 $10 $0 $14 $71598 $3 $0 $0 $9 $9 $3 $10 $10 $10 $2 $12 $68599 $0 $1 $0 $6 $10 $5 $19 $12 $6 $2 $15 $77614 $0 $13 $0 $2 $17 $0 $17 $12 $18 $9 $31 $118615 $50 $6 $2 $16 $7 $6 $11 $17 $9 $1 $12 $137616 $0 $0 $0 $2 $5 $1 $1 $5 $9 $0 $12 $35630 $22 $0 $0 $10 $10 $0 $12 $21 $12 $1 $10 $98650 $7 $5 $0 $9 $9 $2 $1 $6 $9 $3 $3 $53680 $15 $1 $2 $42 $11 $19 $44 $72 $27 $41 $18 $292685 $40 $0 $0 $2 $7 $4 $10 $6 $5 $2 $18 $95688 $23 $1 $0 $6 $5 $2 $15 $14 $25 $1 $4 $95706 $1 $8 $0 $28 $14 $38 $5 $17 $87 $3 $24 $225708 $26 $0 $0 $6 $3 $5 $15 $14 $21 $0 $16 $106709 $0 $5 $0 $53 $8 $0 $46 $26 $10 $2 $52 $202711 $0 $2 $2 $8 $9 $11 $3 $12 $12 $3 $36 $98712 $0 $0 $0 $11 $16 $11 $4 $18 $13 $2 $56 $131727 $0 $0 $0 $12 $4 $0 $0 $11 $0 $7 $1 $35728 $0 $0 $0 $5 $13 $7 $7 $5 $6 $5 $43 $90729 $3 $0 $0 $5 $3 $0 $4 $7 $16 $12 $10 $61730 $0 $0 $0 $9 $7 $0 $4 $13 $10 $0 $7 $49731 $9 $0 $0 $10 $5 $0 $7 $21 $13 $0 $46 $111732 $54 $2 $0 $5 $10 $4 $7 $10 $7 $3 $40 $142733 $0 $1 $1 $4 $14 $9 $20 $34 $14 $1 $22 $120734 $0 $0 $0 $12 $21 $22 $20 $28 $19 $7 $20 $148

Average $14 $2 $0 $11 $9 $6 $11 $15 $15 $4 $19 $106Top 20%

* $25 $1 $0 $7 $7 $2 $8 $12 $12 $1 $11 $86



TABLE B11Wool Sheep Profitability Per Kilogram of Clean Wool Produced 2012-2013 Northern Victoria

Farm No

Net Wool

Income

Sheep Trading

Profit

Enterprise Costs

Overhead Costs

O/O Allowance

Interest & Lease


**Breakeven Wool

Price

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease


582 $8.82 $16.64 $13.83 $9.93 $0.34 $2.57 $24.10 $7.45 $1.36 -$1.20 $20583 $9.80 $1.80 $10.14 $3.28 $2.41 $0.00 $15.83 $14.03 -$4.23 -$4.23 -$84584 $11.54 $2.39 $6.06 $2.40 $0.56 $1.94 $9.01 $6.63 $4.92 $2.98 $250586 $11.10 $3.90 $9.64 $4.70 $6.76 $0.00 $21.09 $17.19 -$6.10 -$6.10 -$92588 $12.43 $2.44 $6.08 $2.17 $3.87 $1.24 $12.12 $9.68 $2.75 $1.51 $48589 $9.35 $4.53 $4.06 $2.89 $1.57 $12.55 $8.53 $4.00 $5.35 -$7.20 $105598 $11.10 $4.99 $7.86 $3.03 $4.41 $0.51 $15.30 $10.31 $0.79 $0.27 $18599 $12.23 $3.36 $7.61 $2.13 $2.19 $1.86 $11.93 $8.57 $3.65 $1.80 $142614 $9.02 -$4.14 $9.57 $8.96 $6.54 $0.16 $25.06 $29.20 -$20.18 -$20.34 -$267615 $10.94 $8.38 $6.31 $6.49 $1.91 $2.93 $14.71 $6.33 $4.61 $1.68 $97616 $10.33 $9.72 $12.96 $2.30 $3.51 $1.41 $18.77 $9.05 $1.28 -$0.12 $20685 $10.92 $5.32 $8.78 $3.73 $0.30 $4.06 $12.81 $7.48 $3.44 -$0.62 $93711 $10.92 $11.17 $9.30 $5.15 $7.66 $0.01 $22.11 $10.94 -$0.02 -$0.04 -$0712 $12.67 $11.91 $13.97 $4.29 $5.53 $0.00 $23.79 $11.88 $0.79 $0.79 $22728 $9.55 $3.99 $5.37 $8.48 $6.06 $5.63 $19.91 $15.91 -$6.36 -$11.99 -$33731 $10.08 $6.41 $12.81 $8.36 $9.70 $0.64 $30.86 $24.45 -$14.36 -$15.00 -$156732 $11.02 $6.41 $4.82 $7.40 $2.38 $0.27 $14.60 $8.19 $2.83 $2.56 $56

Average $10.70 $5.84 $8.77 $5.04 $3.86 $2.10 $17.68 $11.84 -$1.15 -$3.25 $14Top 20% * $11.04 $3.42 $5.91 $2.47 $1.44 $5.45 $9.82 $6.40 $4.64 -$0.81 $166* Top 20% ranked according to wool profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven wool price


TABLE B12Prime Lamb Profitability Per Kilogram Carcass Weight Produced 2012-2013 Northern Victoria

Farm No Net Wool

Income

Non-Lamb Sheep

Trading

Enterprise Costs

Overhead Costs

O/O Allowanc

e

Interest & Lease

**Cost of Productio

n

**Breakeven

Lamb Price

Lamb Sales

Income

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease


588 $2.91 -$1.31 $2.29 $0.69 $0.96 $0.31 $3.94 $2.35 $5.52 $3.18 $2.87 $224599 $1.19 -$2.10 $4.51 $1.30 $1.64 $1.39 $7.45 $8.36 $6.38 -$1.99 -$3.37 -$103630 $0.89 $0.18 $1.11 $1.38 $1.57 $0.13 $4.06 $2.99 $3.75 $0.76 $0.63 $55650 $0.65 -$1.85 $1.24 $1.91 $1.14 $5.12 $4.30 $5.50 $3.38 -$2.11 -$7.24 -$58650 $0.00 -$9.22 $7.16 $5.99 $1.98 $8.88 $15.13 $24.35 $20.94 -$3.41 -$12.29 -$54685 $1.11 -$1.37 $2.44 $1.10 $0.09 $1.16 $3.63 $3.89 $5.98 $2.09 $0.93 $197688 $1.25 $1.24 $2.29 $1.20 $0.44 $0.00 $3.94 $1.45 $2.89 $1.45 $1.45 $132706 $0.51 -$6.04 $1.14 $2.21 $1.14 $0.18 $4.49 $10.01 $8.58 -$1.44 -$1.62 -$142712 $2.65 -$1.13 $3.89 $1.18 $1.67 $0.00 $6.73 $5.21 $3.41 -$1.80 -$1.80 -$169727 $4.63 -$14.20 $5.07 $0.48 $1.25 $2.35 $6.79 $16.36 $17.64 $1.27 -$1.07 $94728 $1.70 -$0.32 $0.80 $2.02 $1.30 $1.21 $4.13 $2.74 $4.10 $1.35 $0.14 $33729 $0.78 $2.16 $1.26 $1.34 $1.10 $1.29 $3.70 $0.76 $2.46 $1.70 $0.42 $80731 $1.72 -$0.87 $2.15 $1.91 $2.09 $0.14 $6.15 $5.30 $3.73 -$1.57 -$1.71 -$79733 $0.96 $0.49 $1.75 $1.27 $3.70 $0.06 $6.72 $5.27 $3.94 -$1.33 -$1.39 -$135

Average $1.50 -$2.45 $2.65 $1.71 $1.43 $1.59 $5.80 $6.75 $6.62 -$0.13 -$1.72 $5Top 20% * $1.75 -$0.48 $2.34 $1.00 $0.50 $0.49 $3.84 $2.56 $4.80 $2.24 $1.75 $185Merino Ewe

Av $2.24 -$0.91 $2.28 $1.45 $1.51 $0.41 $5.24 $3.90 $4.19 $0.29 -$0.13 $2

Other Ewe Av $1.20 -$3.07 $2.80 $1.82 $1.40 $2.06 $6.02 $7.89 $7.59 -$0.30 -$2.36 $7

* Top 20% ranked according to prime lamb profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven lamb price


TABLE B13Beef Cattle Profitability Per Kilogram Liveweight Produced 2012-2013 Northern Victoria

Farm No

Trading Profit

Enterprise Costs

Overhead Costs

O/O Allowanc

e

Interest & Lease

**Cost of Productio

n

**Breakeven Beef

Price

Beef Sales

Income

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease

Beef Enterprise


630 $0.07 $0.28 $0.39 $0.48 $0.04 $1.16 $1.09 $1.38 $0.29 $0.25 $68 Autumn Calving

730 -$0.17 $0.17 $0.26 $0.64 $0.49 $1.07 $1.24 $1.95 $0.71 $0.22 $134 Autumn Calving

584 $0.78 $1.00 $0.21 $0.06 $0.28 $1.28 $0.50 $1.37 $0.88 $0.60 $314 Spring Calving

588 $0.06 $0.53 $0.21 $0.27 $0.12 $1.01 $0.95 $1.62 $0.67 $0.56 $124 Spring Calving

615 $0.23 $1.09 $0.68 $0.10 $0.38 $1.86 $1.63 $1.35 -$0.28 -$0.66 -$46 Spring Calving

680 -$0.34 $0.56 $1.09 $1.40 $0.00 $3.05 $3.39 $2.24 -$1.16 -$1.16 -$304 Spring Calving

685 $0.24 $1.03 $0.32 $0.03 $0.43 $1.38 $1.14 $1.40 $0.27 -$0.17 $67 Spring Calving

688 -$0.43 $0.59 $0.27 $0.08 $0.00 $0.95 $1.38 $1.99 $0.62 $0.62 $153 Spring Calving

708 -$0.27 $0.52 $0.38 $0.15 $0.02 $1.04 $1.31 $1.96 $0.65 $0.63 $176 Spring Calving

709 $0.11 $0.66 $0.89 $0.61 $0.16 $2.16 $2.05 $1.43 -$0.62 -$0.79 -$140 Spring Calving

730 $0.64 $0.14 $0.24 $0.60 $0.46 $0.97 $0.34 $0.92 $0.58 $0.13 $119 Spring Calving

733 $0.88 $0.46 $0.40 $0.42 $0.02 $1.28 $0.40 $0.61 $0.21 $0.19 $59 Spring Calving

706 -$3.53 $0.32 $1.86 $0.85 $0.18 $3.04 $6.56 $4.49 -$2.07 -$2.25 -$214 Other734 -$2.28 $0.43 $0.50 $0.06 $0.11 $0.98 $3.26 $3.51 $0.24 $0.14 $74 Other

Average -$0.29 $0.56 $0.55 $0.41 $0.19 $1.52 $1.80 $1.87 $0.07 -$0.12 $42

Top 20% * $0.03 $0.70 $0.29 $0.10 $0.10 $1.09 $1.06 $1.78 $0.72 $0.62 $214

Autum Av -$0.05 $0.22 $0.33 $0.56 $0.26 $1.11 $1.17 $1.67 $0.50 $0.23 $101

Spring Av $0.19 $0.66 $0.47 $0.37 $0.19 $1.50 $1.31 $1.49 $0.18 -$0.00 $52

Other Av -$2.90 $0.38 $1.18 $0.45 $0.14 $2.01 $4.91 $4.00 -$0.91 -$1.05 -$70



TABLE B14Beef Cattle Profitability Per Kilogram Liveweight Produced 2012-2013 Northern Victoria

2012/2013 Average

2012/2013 Top 20%

FARM AREAS (HA)

Freehold Area 831 796Area Leased In 328 1,110Area Leased Out 3 16Effective Area 1,059 1,824LAND VALUES



Liabilities per Effective Hectare $384 $713EQUITY




TABLE B15Farm Labour Efficiency and Enterprise Mix 2012-2013 Northern Victoria

2012/2013 Average

2012/2013 Top 20%

SHEEP ENTERPRISES


Average Cattle Number 339 1,243Cattle Labour Efficiency (ha/person) 1,582 1,196Cattle Labour Efficiency (DSE/person) 16,269 16,391TOTAL LABOUR EFFICIENCY




TABLE B16Supplementary Feed Data 2012-2013 Northern VictoriaFarm No Yield

WET TONNES PER HA




Area CutHA




582 1.8 12.6 0.0 23.4 0.0 0.0 0.0 $310 50 0

583 0.0 0.0 0.0 0.0 0.0 0.0 0 0

584 6.4 0.0 0.0 7.4 18.6 0.0 0.0 -$185 0 105

586 0.0 0.0 24.5 0.0 0.0 0.0 0 0

588 0.0 0.0 4.5 0.0 0.0 0.0 0 0

589 0.0 0.0 0.0 0.0 0.0 0.0 0 0

598 9.5 13.6 15.9 0.0 0.0 0.0 0 0

599 1.2 0.0 23.1 0.0 0.0 0.0 0 0

614 0.0 0.0 8.1 0.0 0.0 0.0 0 0

615 5.0 7.3 0.0 4.4 10.1 67.2 10.6 0.0 -$574 $274 4 12

616 0.0 0.0 31.5 0.0 0.0 0.0 0 0

630 0.0 0.0 0.0 0.0 0.0 0.0 0 0

650 0.0 0.0 0.0 0.0 0.0 0.0 0 0

680 10.0 0.0 0.0 0.0 15.2 1.0 0.0 $1,140 3 0

685 6.5 6.3 18.6 31.8 18.9 25.1 29.1 $50 0 110

688 2.5 0.0 0.0 7.3 24.7 0.0 0.0 -$224 10 0

706 0.0 0.0 0.0 0.0 0.0 0.0 0 0

708 2.8 6.2 0.0 0.0 0.0 21.1 4.1 1.2 $463 $296 40 10

709 8.0 0.0 0.0 0.0 27.6 0.0 0.0 $1,169 8 0

711 0.0 0.0 23.3 0.0 0.0 0.0 0 0

712 0.0 0.0 55.1 0.0 0.0 0.0 0 0

727 0.0 0.0 0.0 0.0 0.0 0.0 0 0

728 0.0 0.0 13.9 0.0 0.0 0.0 0 0

729 0.0 0.0 9.4 0.0 0.0 0.0 0 0

730 6.8 0.0 0.0 0.0 0.0 5.7 0.0 $90 0 4

731 0.0 0.0 41.9 0.0 0.0 0.0 0 0

732 0.0 0.0 0.0 18.9 0.0 0.0 0 0

733 0.0 0.0 0.0 3.7 0.0 0.0 0 0

734 2.4 0.0 0.0 0.0 0.0 0.0 0.0 $413 20 0

Average 4.6 6.6 1.0 1.3 11.4 7.4 1.6 1.0 $385 $105 5 8Top 20%

* 2.6 6.5 1.0 3.1 7.8 13.9 5.8 5.1 $119 $63 8 38



TABLE B17Wheat Production 2012-2013 Northern VictoriaFarm

NoYield Area

Harvested

Gross Margin

Gross Margin

Gross Margin

Cost of Prod.n

Price Receive

d

Profit Excl.

Int/Lease

Cost of Prod.n

Income Profit Excl.

Int/Lease

Profit Excl

Int/Lease

Water Use Eff.

Potential

Water Use

Efficiency

Wheat Type


EGSRKG/HA/

MM EGSR %

589 1.7 16 $37 $62 $0.26 $423 $251 -$172 $714 $423 -$290 -$1.25 7.2% 36% White706 2.7 90 $116 $311 $2.66 $195 $227 $32 $524 $611 $87 $0.74 23.0% 115% White711 3.1 181 $68 $210 $1.40 $135 $249 $114 $420 $774 $354 $2.36 20.8% 104% White728 1.6 178 $147 $240 $2.20 $318 $305 -$13 $518 $497 -$21 -$0.19 15.0% 75% White729 1.5 80 $50 $75 $0.37 $16 $200 $184 $24 $300 $276 $1.36 7.4% 37% White

Average 2.1 109 $83 $180 $1.38 $217 $246 $29 $440 $521 $81 $0.60 14.7% 73%


TABLE B18Canola Production 2012-2013 Northern Victoria

Farm No

Yield Area Harvest

ed

Gross Margin

Gross Margin

Gross Margin

Cost of Producti

on

Price Receive

d

Profit Excl

Int/Lease

Cost of Producti

on

Income Profit Excl

Int/Lease

Profit Excl

Int/Lease

Water Use

Efficiency

Potential Water

Use Efficienc

y


EGSRKG/HA/MM

EGSR %

711 2.0 129 $216 $426 $2.84 $186 $521 $335 $367 $1,031 $663 $4.42 13.2% 132%728 0.6 182 $212 $130 $1.20 $774 $562 -$212 $476 $346 -$130 -$1.20 5.7% 57%729 0.8 160 $126 $95 $0.47 $31 $503 $472 $24 $381 $357 $1.76 3.7% 37%

Average 1.1 157 $184 $217 $1.50 $330 $529 $198 $289 $586 $297 $1.66 7.5% 75%EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation

TABLE B19Oats Production 2012-2013 Northern Victoria

Farm No

Yield Area Harvest

ed

Gross Margin

Gross Margin

Gross Margin

Cost of Producti

on

Sales Price

Received

Profit Excl

Int/Lease

Cost of Producti

on

Income Profit Excl

Int/Lease

Profit Excl

Int/Lease

Water Use

Efficiency

Potential Water

Use Efficienc

y


EGSRKG/HA/MM

EGSR %

589 4.3 2 $192 $816 $3.23 $101 $210 $109 $429 $893 $464 $1.83 16.8% 76%712 2.1 17 $28 $59 $0.33 $375 $210 -$165 $794 $445 -$349 -$1.94 11.8% 53%728 1.9 60 -$9 -$16 -$0.12 $255 $210 -$45 $473 $389 -$84 -$0.65 14.4% 65%

Average 2.7 26 $70 $286 $1.14 $244 $210 -$34 $565 $575 $10 -$0.25 14.3% 65%EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation* When no grain is sold sale price equals standard value.


TABLE B20Wheat Enterprise Costs 2012-2013 Northern Victoria

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

589 $0 $27 $0 $28 $0 $0 $37 $21 $96 $0 $6 $214706 $0 $1 $30 $49 $0 $0 $16 $0 $0 $0 $15 $111711 $5 $11 $2 $48 $0 $0 $5 $0 $5 $1 $4 $81728 $0 $29 $7 $72 $0 $0 $0 $0 $50 $0 $0 $158

Average $1 $17 $10 $49 $0 $0 $15 $5 $38 $0 $6 $141

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total


589 $0 $45 $0 $47 $0 $0 $63 $36 $162 $0 $10 $362706 $0 $4 $80 $131 $0 $0 $43 $0 $0 $0 $41 $299711 $16 $33 $6 $148 $0 $0 $17 $0 $17 $3 $14 $253728 $0 $47 $12 $117 $0 $0 $0 $0 $81 $0 $0 $257

Average $4 $32 $24 $111 $0 $0 $31 $9 $65 $1 $16 $293

TABLE B21Canola Enterprise Costs 2012-2013 Northern Victoria

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

711 $12 $12 $13 $53 $0 $0 $6 $0 $0 $2 $2 $101728 $6 $76 $20 $117 $0 $0 $0 $0 $132 $0 $0 $350

Average $9 $44 $16 $85 $0 $0 $3 $0 $66 $1 $1 $226

Farm No Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total


711 $24 $24 $26 $104 $0 $0 $13 $0 $0 $5 $5 $200728 $4 $47 $12 $72 $0 $0 $0 $0 $81 $0 $0 $216

Average $14 $35 $19 $88 $0 $0 $6 $0 $41 $2 $2 $208


TABLE B22Oats Enterprise Costs 2012-2013 Northern Victoria

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

589 $0 $0 $0 $18 $0 $0 $0 $0 $0 $0 $0 $18712 $27 $5 $57 $49 $0 $0 $20 $13 $8 $0 $2 $182728 $0 $25 $6 $39 $0 $0 $0 $0 $44 $0 $0 $115

Average $9 $10 $21 $35 $0 $0 $7 $4 $17 $0 $1 $105

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel CropInsurance

Sundries Total


589 $0 $0 $0 $77 $0 $0 $0 $0 $0 $0 $0 $77712 $57 $12 $121 $104 $0 $0 $43 $28 $16 $0 $4 $385728 $0 $47 $12 $72 $0 $0 $0 $0 $81 $0 $0 $212

Average $19 $20 $44 $84 $0 $0 $14 $9 $32 $0 $1 $225

TABLE B23Historical Data For Selected Average Profitability Indicators - Northern Victoria


Return to Equity

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

2004-05 $272 $339 $107 $133 $57 $71 $108 $135 1.1% -0.2%2005-06 $272 $326 $111 $133 $63 $76 $99 $119 1.5% 0.0%2006-07 $275 $323 $164 $193 $66 $77 $46 $54 0.2% -1.8%2007-08 $293 $329 $114 $128 $65 $73 $114 $128 2.4% 1.5%2008-09 $263 $291 $121 $134 $72 $80 $69 $76 0.3% -1.3%2009-10 $340 $365 $103 $111 $83 $89 $154 $165 2.5% 2.0%2010-11 $499 $517 $112 $116 $108 $112 $279 $289 4.5% 4.9%2011-12 $436 $447 $132 $135 $106 $108 $199 $204 2.9% 2.6%2012-13 $383 $383 $168 $168 $106 $106 $110 $110 0.6% -1.8%9 year Av - $369 - $139 - $88 - $142 1.8% 0.7%Difference between 2012-13 Av & 9 year Av

- $14 - $29 - $18 - -$33 -1.2% -2.4%

- +4% - +21% - +20% - -23%

Note: ‘Real’ dollar values are the nominal values converted to 2012-13 dollar equivalents by the C.P.I. to allow for inflation.The data in the above table from 2004-05 to 2008-09 has been obtained from the Sheep Farm Monitor Project.Data from 2009-10 onwards has been obtained from the Livestock Farm Monitor Project.


TABLE B24Historical Gross Margins For Livestock Enterprises - Northern Victoria


NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

2004-05 $14.18 $17.68 $126 $157

2005-06 $11.15 $13.36 $107 $128

2006-07 $10.99 $12.91 $95 $112

2007-08 $15.55 $17.47 $123 $138 $10.52 $11.82 $90 $101

2008-09 $12.94 $14.32 $106 $117 $16.10 $17.82 $137 $152

2009-10 $24.06 $25.84 $202 $217 $24.79 $26.61 $225 $242 $29.47 $31.64 $350 $376 2010-11 $43.62 $45.20 $396 $410 $45.66 $47.32 $401 $416 $31.36 $32.50 $365 $378 2011-12 $33.04 $33.83 $332 $340 $28.03 $28.70 $250 $256 $25.09 $25.69 $285 $292 2012-13 $17.67 $17.67 $172 $172 $24.58 $24.58 $190 $190 $23.25 $23.25 $247 $247 9 year Av - $22 - $199 - $26 - $226 - $28 - $323Differenc

e between 2012-13

Av & 9 year Av

- -$4 - -$27 - -$2 - -$36 - -$5 - -$76

- -20% - -14% - -6% - -16% - -18% - -24%



TABLE B25Historical Data For Selected Average Profitability Indicators - Northern Victoria

Years Stocking Rate

Wool Sheep

Micron Wool Cut (Gr.)

Net Wool Price Average Sale Price Lamb %


REAL($/KG) GR.

NOMINAL($/HD)

REAL($/HD)

2004-05 9.3 19.2 33 $4.86 $6.05 $46 $58 75%2005-06 9.8 18.8 30 $5.09 $6.10 $41 $49 79%2006-07 9.7 18.3 30 $6.94 $8.15 $33 $39 69%2007-08 8.2 18.8 29 $6.12 $6.88 $41 $46 72%2008-09 8.5 18.4 29 $5.71 $6.32 $45 $49 80%2009-10 8.8 18.3 27 $6.07 $6.52 $72 $77 77%2010-11 9.4 18.6 32 $8.79 $9.11 $102 $106 78%2011-12 9.3 18.5 29 $8.43 $8.63 $80 $82 84%2012-13 9.4 18.5 30 $7.47 $7.47 $56 $56 80%

9 year Average 9.1 18.6 30 $7.25 $62 77%


13 Av & 9 year Av

0.2 0 $0.22 -$7 3%

2% 1% 3% -11%


Wool Cut (Gr.)

Net Wool Price Average Sale Price Lamb % Calving %

Average Sale Price


REAL($/KG) GR.

NOMINAL($/HD)

REAL($/HD)

NOMINAL($/HD)

REAL($/HD)

2004-05

2005-06

2006-07

2007-08 18 $4.40 $4.94 $53 $59 87%

2008-09 16 $3.24 $3.59 $68 $75 98%

2009-10 18 $3.27 $3.51 $95 $102 111% 87% $640 $6872010-11 20 $4.34 $4.50 $127 $132 105% 87% $847 $8782011-12 19 $4.78 $4.89 $102 $104 107% 87% $815 $8342012-13 21 $5.00 $5.00 $78 $78 111% 87% $814 $814

9 year Average 19 $4.40 $92 103% 87% $803

Difference between 2012-13 Av & 9 year Av

3 $0.60 -$13 8% 0% $10

15% 14% -14% 1%



TABLE C1Main Financial Indicators 2012-2013 South West

Farm No

Gross Income

Enterprise Costs

Overhead Costs

Cost Structure

Net Income

O/O Allowance

Operating Profit

Return on Assets

Debt Ratio

Return on Equity


14 $502 $379 $127 101% -$3 $83 -$87 -1.8% 6% -2.4%39 $793 $492 $140 80% $161 $49 $112 2.0% 18% -1.0%43 $465 $218 $78 64% $169 $33 $136 4.4% 38% -3.6%55 $973 $404 $254 68% $315 $19 $296 3.7% 0% 3.7%58 $790 $468 $155 79% $167 $79 $88 1.1% 32% -4.6%66 $263 $187 $207 150% -$132 $20 -$152 -3.8% 0% -3.8%87 $263 $126 $146 103% -$8 $36 -$44 -0.8% 0% -0.8%93 $486 $189 $72 54% $226 $107 $119 1.8% 3% 1.6%

114 $349 $177 $80 74% $92 $45 $47 1.3% 8% 0.6%502 $531 $184 $108 55% $239 $87 $152 3.4% 10% 2.8%510 $395 $159 $81 61% $154 $44 $110 2.3% 40% -1.6%512 $649 $226 $115 53% $308 $116 $191 4.3% 19% 2.1%520 $634 $310 $74 60% $251 $85 $166 2.9% 23% 0.6%525 $866 $529 $258 91% $78 $67 $11 0.2% 19% -4.1%623 $567 $333 $110 78% $124 $137 -$13 -0.2% 49% -6.5%626 $591 $327 $52 64% $211 $61 $150 1.7% 54% -3.7%627 $249 $92 $170 105% -$12 $33 -$45 -0.9% 45% -5.4%628 $904 $538 $304 93% $62 $52 $10 0.1% 7% -0.7%659 $466 $264 $72 72% $130 $100 $30 0.5% 3% 1.0%660 $692 $356 $121 69% $215 $72 $144 2.1% 1% 2.0%693 $508 $247 $101 69% $160 $42 $117 1.9% 1% 1.9%714 $349 $290 $184 136% -$124 $23 -$147 -3.3% 0% -3.3%716 $345 $180 $153 97% $11 $40 -$29 -0.6% 0% -0.6%718 $396 $338 $160 126% -$103 $35 -$138 -2.2% 0% -2.2%719 $531 $250 $122 70% $159 $47 $111 2.3% 21% 0.1%720 $332 $145 $137 85% $50 $29 $21 0.3% 84% -6.4%721 $879 $296 $222 59% $361 $104 $257 4.3% 22% 2.8%

Average $547 $285 $141 82% $121 $61 $60 1.0% 19% -1.2%Top 20% * $733 $284 $154 59% $295 $82 $212 3.7% 15% 2.4%

* Ranked according to operating profit per effective hectare.


TABLE C2Key Physical Data 2012-2013 South West

Farm No

Average Rainfall

Actual Rainfall

Stocking Rate


Rate

P Applied

P Applied

P Nutrient Balance

K Nutrient Balance

S Nutrient Balance


DSE/HA/25MM OVER

250MM

KG P/GRAZED

HA

KG P/GRAZED HA/100MM

KG/HA KG/HA KG/HA

14 687 519 17.5 2.5 1.00 18.1 11 1.6 11.5 10.8 6.839 673 631 19.6 2.9 1.16 14.6 13 2.0 11.6 20.2 9.543 665 489 12.0 1.8 0.72 12.3 7 1.1 6.1 -0.9 -1.755 624 494 13.0 2.1 0.87 20.9 6 1.0 3.2 -7.5 -2.758 701 581 21.3 3.0 1.18 20.3 9 1.3 8.2 18.6 -1.266 557 439 13.4 2.4 1.09 12.9 2 0.3 2.1 3.5 -0.687 618 586 9.7 1.6 0.66 11.9 1 0.1 0.1 -0.5 -0.393 750 906 17.2 2.3 0.86 15.2 8 1.1 6.6 6.5 7.6

114 596 412 8.5 1.4 0.61 8.5 6 1.1 6.6 2.8 5.4502 666 542 10.0 1.5 0.60 11.0 6 0.9 4.2 0.2 0.4510 670 470 11.2 1.7 0.67 11.2 1 0.1 0.3 -1.1 -1.5512 662 475 13.6 2.1 0.83 14.4 7 1.1 6.1 11.3 3.6520 560 510 15.2 2.7 1.22 20.1 15 2.7 12.6 14.8 10.6525 571 396 17.5 3.1 1.36 13.4 13 2.3 10.3 1.4 10.0623 767 568 21.1 2.8 1.02 23.7 17 2.2 14.2 0.8 14.3626 720 599 20.7 2.9 1.10 17.7 11 1.6 8.8 1.5 -0.5627 610 499 11.3 1.8 0.78 12.8 0 0.0 -0.8 -0.5 -1.7628 652 548 30.1 4.6 1.87 24.1 16 2.4 14.8 4.9 1.3659 650 494 12.1 1.9 0.76 15.7 10 1.6 10.0 5.7 11.6660 751 600 20.3 2.7 1.01 16.2 8 1.1 6.6 15.7 6.0693 571 479 16.7 2.9 1.30 13.9 16 2.8 14.2 3.1 17.4714 604 558 12.1 2.0 0.85 16.1 7 1.2 6.2 5.8 7.3716 635 636 10.9 1.7 0.71 12.1 9 1.4 4.5 -3.0 1.7718 700 497 12.9 1.8 0.72 13.0 24 3.4 22.2 8.1 35.2719 632 503 10.5 1.7 0.68 8.9 8 1.3 5.2 -3.7 4.0720 719 582 16.8 2.3 0.90 15.9 7 0.9 5.2 12.0 7.0721 654 559 19.5 3.0 1.21 16.2 5 0.7 3.9 4.3 0.7

Average 654 540 15.4 2.3 0.95 15.2 9 1.4 7.6 5.0 5.6 Top 20% * 633 516 14.3 2.3 0.95 16.5 8 1.3 6.0 4.6 2.5

* Ranked according to operating profit per effective hectare.


TABLE C3Wool Sheep Production 2012-2013 South West

Farm No

Stocking Rate


Clean Wool Cut

Clean Wool Cut

Clean Wool Cut


Main Wool Sale Mont

h

Av Wool Micron

Av Wool Yield

Ram Cost Per

Progeny

Av Sale Price

Gross Margin

Gross Margin

Gross Margin

Time of

Lambing

Lamb Markin

g %

DSE/HA KG/HD KG/HA KG/DSE KG/HA/100MM $/KG $/HD $/HA $/HA

/100MM $/DSE

14 17.5 3.4 38.0 2.2 5.5 $11.31 Jun 17.7 70% $13.44 $34 $44 $6 $3 Aug 89%39 19.6 3.0 42.0 2.1 6.2 $11.64 May 17.9 70% $0.00 $39 $275 $41 $14 Sep 66%55 13.0 3.6 34.4 2.7 5.5 $11.36 Apr 17.5 68% $0.00 $81 $365 $58 $28 Aug 78%58 21.3 3.8 61.0 2.9 8.7 $10.75 Mar 18.5 70% $0.00 - $298 $42 $14 - -66 13.4 2.6 24.5 1.8 4.4 $9.01 Jul 17.0 71% $5.18 $62 $64 $12 $5 Sep 65%

114 8.5 4.0 22.5 2.6 3.8 $10.65 Feb 18.9 68% $0.00 $25 $54 $9 $6 Aug 68%502 10.0 2.5 20.1 2.0 3.0 $12.51 Oct 16.7 69% $4.46 $40 $146 $22 $15 Sep 80%510 11.2 3.3 26.4 2.4 3.9 $11.86 Mar 17.2 70% $5.32 $34 $219 $33 $20 Sep 88%512 13.6 4.4 38.8 2.9 5.9 $11.06 May 17.5 64% $1.60 $43 $402 $61 $30 Sep 100%525 17.5 3.2 33.6 1.9 5.9 $10.80 Apr 18.3 67% $0.00 $27 $3 $0 $0 Aug 63%627 11.3 3.3 24.5 2.2 4.0 $10.64 Nov 17.3 71% $0.00 $44 $152 $25 $14 Aug 65%659 12.1 4.0 21.3 1.8 3.3 $13.62 May 17.8 68% $3.00 $38 $113 $17 $9 Aug 72%718 12.9 2.5 19.0 1.5 2.7 $15.11 Mar 16.6 63% $10.55 $40 -$34 -$5 -$3 Sep 68%719 10.5 4.1 27.8 2.7 4.4 $10.80 Mar 19.2 68% $3.07 $36 $218 $35 $21 Sep 80%

Average 13.7 3.4 31.0 2.3 4.8 $11.51 17.7 68% $3.33 $42 $166 $25 $12 76%

Top 20% * 15.9 3.9 44.7 2.8 6.7 $11.06 17.8 67% $0.53 $62 $355 $54 $24 89%



TABLE C4Prime Lamb Production 2012-2013 South West

Farm No

Stocking Rate

Lamb Produced

Lamb Produced

Lamb Produced

Av Lamb Weight

Av LambPrice

Av LambPrice

Adult Gr. Wool Cut

Greasy Wool Cut

Average Wool

Micron


14 17.5 301 136 19.7 21.6 $2.59 $56 3.6 29 18.343 12.0 95 43 6.5 15.8 $3.95 $62 3.5 16 32.058 21.3 273 123 17.5 16.9 $3.87 $65 4.9 40 27.087 9.7 71 32 5.2 18.1 $3.29 $60 4.9 24 28.093 17.2 223 100 13.4 18.4 $3.72 $68 3.9 29 30.7

502 10.0 144 65 9.7 16.9 $3.98 $68 3.3 16 18.5510 11.2 157 71 10.6 18.0 $3.29 $59 4.6 21 25.0512 13.6 207 93 14.1 16.3 $3.89 $64 3.6 44 18.5520 15.2 283 127 22.8 23.0 $3.32 $76 4.7 25 29.0623 21.1 342 154 20.0 19.9 $3.59 $71 4.2 37 31.5626 20.7 162 73 10.1 16.1 $3.60 $58 3.2 41 35.2628 30.1 336 151 23.2 21.8 $4.78 $104 3.4 46 32.0659 12.1 151 68 10.5 20.3 $3.35 $68 5.3 22 25.0660 20.3 225 101 13.5 16.4 $4.35 $71 4.7 44 29.4714 12.1 124 56 9.2 19.2 $4.13 $79 4.2 28 28.2716 10.9 193 87 13.7 20.7 $3.91 $81 3.6 23 31.7721 19.5 211 94 14.4 18.6 $4.08 $76 3.4 23 31.8

Average 16.1 206 93 13.8 18.7 $3.75 $70 4.1 30 27.8Top 20% * 21.1 251 113 17.2 18.9 $4.25 $81 3.5 38 27.4Merino Ewe

Av 13.7 217 98 14.5 18.3 $3.49 $62 3.5 30 18.4

Other Ewe Av 16.7 203 91 13.6 18.8 $3.80 $71 4.2 30 29.8


Farm No

Ewe Breed


Gross Margin

Gross Margin

Gross Margin

Time of Lambing

Lamb Marking %

Ewe % of DSE


14 Merino $7.10 $236 $34 $14 Jul 70% 63%43 Composite $2.78 $232 $35 $19 Aug 141% 73%58 Composite $3.74 $97 $14 $5 Aug 105% 79%87 Corriedale $4.50 $118 $19 $12 Aug 79% 67%93 Xbred $3.15 $280 $37 $16 Aug 114% 86%

502 Merino $7.99 $303 $45 $30 Jul 90% 83%510 Xbred $2.88 $181 $27 $16 Jul 127% 95%512 Merino $6.25 $427 $65 $31 Jul 88% 75%520 Xbred $4.67 $253 $45 $17 Jul 131% 85%623 Xbred $3.52 $223 $29 $11 Jul 119% 82%626 Coopworth $2.92 $176 $24 $9 Aug 122% 69%628 Composite $2.91 $313 $48 $10 Aug 102% 73%659 Xbred $5.56 $104 $16 $9 Jul 121% 81%660 Xbred $3.59 $327 $44 $16 Sep 135% 72%714 Xbred $3.99 $13 $2 $1 Jul 77% 71%716 Xbred $2.82 $123 $19 $11 Jul 81% 65%721 Composite $2.87 $545 $83 $28 Aug 128% 55%

Average $4.19 $232 $35 $15 108% 75%

Top 20% * $4.01 $428 $65 $23 106% 68%

Merino Ewe Av $7.11 $322 $48 $25 83% 74%

Other Ewe Av $3.56 $213 $32 $13 113% 75%



TABLE C5Beef Cattle Production 2012-2013 South West

Farm No

Stocking Rate

Beef Produced

Beef Produced

Beef Sold

Average Sale Price

Average Wt Sales

Average Sale Price


87 9.7 151 24 198 $462 319 $1.45627 11.3 162 27 190 $482 364 $1.33714 12.1 110 18 352 $661 392 $1.69718 12.9 297 42 621 $648 408 $1.5939 19.6 493 73 1,220 $834 503 $1.6658 21.3 359 51 730 $590 297 $1.99

626 20.7 448 62 397 $664 439 $1.51693 16.7 319 56 310 $923 539 $1.71716 10.9 164 26 197 $478 328 $1.46720 16.8 186 26 161 $621 343 $1.8139 19.6 514 76 1,192 $892 451 $1.98

114 8.5 325 55 575 $735 509 $1.44Average 15.0 294 45 512 $666 408 $1.63

Top 20% * 20.4 426 62 975 $712 400 $1.82Autumn Av 11.5 180 28 340 $563 371 $1.51Spring Av 17.7 328 49 503 $685 408 $1.69Other Av 14.0 420 65 884 $813 480 $1.71

Farm No

Main Sale Stock

Gross Margin

Gross Margin

Gross Margin

Time of Calving



87 Weaners $104 $17 $11 Feb 70% 77% Autumn Calving

627 Weaners $173 $28 $15 Apr 90% 76% Autumn Calving

714 Steers & Heifers $55 $9 $5 May 100% 75% Autumn

Calving

718 Steers $212 $30 $16 May 76% 47% Autumn Calving

39 Heifers $412 $61 $21 Aug 83% 26% Spring Calving

58 Vealers $443 $63 $21 Sep 95% 91% Spring Calving


693 Cows $261 $46 $16 Aug 94% 61% Spring Calving

716 Weaners $79 $13 $7 Sep 87% 73% Spring Calving

720 Weaners $187 $26 $11 Aug 76% 61% Spring Calving

39 Heifers $270 $40 $14 - - 0% Other114 Steers $301 $50 $35 - - 0% Other

Average $237 $36 $16 85% 54%

Top 20% * $428 $62 $21 89% 59%

Autumn Av $136 $21 $12 84% 69%

Spring Av $288 $43 $15 86% 62%

Other Av $286 $45 $25 - 0%


TABLE C6Wool Sheep Enterprise Costs 2012-2013 South West

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


14 $1.62 $6.24 $9.31 $3.67 $0.53 $0.59 $0.18 $0.09 $0.60 $1.78 $24.6039 $2.06 $6.59 $3.80 $5.63 $0.00 $0.59 $0.36 $0.00 $0.00 $2.56 $21.5855 $2.66 $6.00 $6.06 $5.18 $0.27 $0.25 $0.31 $0.55 $0.78 $1.92 $23.9958 $1.60 $5.10 $5.00 $3.93 $0.00 $0.00 $0.08 $0.00 $0.47 $1.89 $18.0666 $1.46 $5.87 $3.46 $0.00 $2.70 $0.00 $0.25 $0.00 $0.15 $1.38 $15.28

114 $1.18 $5.95 $12.37 $4.16 $0.95 $0.00 $0.37 $0.00 $0.04 $1.51 $26.53502 $1.60 $3.06 $7.25 $3.34 $0.00 $0.34 $0.20 $0.00 $0.15 $2.35 $18.30510 $2.50 $8.33 $4.22 $0.29 $0.00 $0.73 $0.00 $0.17 $0.00 $1.63 $17.87512 $1.59 $4.46 $3.44 $3.58 $0.12 $0.16 $0.34 $0.52 $0.39 $1.44 $16.06525 $2.71 $4.16 $14.90 $3.02 $0.02 $0.42 $0.37 $0.62 $0.35 $1.53 $28.10627 $2.08 $6.82 $0.00 $0.47 $0.00 $0.13 $0.19 $0.00 $0.14 $1.83 $11.67659 $3.44 $6.90 $4.32 $5.59 $0.02 $0.18 $0.16 $0.00 $0.37 $2.58 $23.55718 $3.53 $7.87 $8.46 $7.54 $0.00 $0.17 $0.00 $0.00 $0.35 $1.14 $29.07719 $2.46 $6.17 $2.48 $5.52 $0.00 $0.06 $0.25 $0.04 $0.20 $2.09 $19.26

Average $2.18 $5.97 $6.08 $3.71 $0.33 $0.26 $0.22 $0.14 $0.29 $1.83 $21.00Top 20% * $1.95 $5.19 $4.83 $4.23 $0.13 $0.14 $0.24 $0.35 $0.55 $1.75 $19.37

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


14 $28 $109 $163 $64 $9 $10 $3 $2 $10 $31 $43039 $40 $129 $74 $110 $0 $12 $7 $0 $0 $50 $42355 $34 $78 $79 $67 $4 $3 $4 $7 $10 $25 $31158 $34 $108 $106 $83 $0 $0 $2 $0 $10 $40 $38466 $20 $79 $46 $0 $36 $0 $3 $0 $2 $18 $205

114 $10 $51 $105 $35 $8 $0 $3 $0 $0 $13 $226502 $16 $31 $73 $33 $0 $3 $2 $0 $2 $24 $183510 $28 $93 $47 $3 $0 $8 $0 $2 $0 $18 $200512 $22 $61 $47 $49 $2 $2 $5 $7 $5 $20 $219525 $47 $73 $260 $53 $0 $7 $6 $11 $6 $27 $491627 $23 $77 $0 $5 $0 $2 $2 $0 $2 $21 $131659 $42 $84 $52 $68 $0 $2 $2 $0 $4 $31 $286718 $46 $102 $109 $97 $0 $2 $0 $0 $5 $15 $375719 $26 $64 $26 $58 $0 $1 $3 $0 $2 $22 $201



TABLE C7Prime Lamb Enterprise Costs 2012-2013 South West

Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


14 $0.70 $3.71 $5.96 $3.67 $0.23 $1.05 $0.08 $0.04 $0.26 $3.83 $19.5343 $1.17 $2.23 $3.53 $6.44 $2.38 $0.29 $0.00 $0.00 $1.54 $1.03 $18.6158 $2.27 $3.25 $11.33 $3.93 $2.01 $0.59 $0.04 $0.00 $0.52 $2.28 $26.2287 $1.68 $4.09 $3.11 $3.54 $0.00 $0.34 $0.24 $0.00 $0.17 $3.43 $16.6093 $1.26 $2.29 $3.44 $3.46 $0.15 $0.12 $0.11 $0.14 $0.23 $2.71 $13.92

502 $2.13 $1.60 $0.00 $3.34 $0.00 $0.60 $0.14 $0.00 $0.00 $3.27 $11.08510 $1.34 $4.37 $2.40 $0.29 $0.00 $0.39 $0.00 $0.11 $0.00 $1.91 $10.81512 $1.10 $4.49 $2.66 $3.58 $0.12 $0.12 $0.25 $0.46 $0.33 $1.74 $14.86520 $2.66 $2.06 $4.12 $7.67 $2.85 $0.64 $0.14 $0.00 $0.39 $2.93 $23.48623 $2.27 $3.05 $3.54 $4.89 $0.09 $0.31 $0.12 $0.12 $1.13 $1.79 $17.30626 $2.77 $2.91 $2.01 $5.00 $0.13 $0.02 $0.06 $0.00 $0.00 $0.92 $13.81628 $1.29 $3.56 $9.29 $2.94 $0.00 $0.77 $0.15 $0.00 $0.00 $0.80 $18.82659 $1.83 $3.44 $11.53 $5.59 $0.01 $0.38 $0.08 $0.00 $0.20 $3.01 $26.06660 $1.35 $4.36 $3.95 $5.20 $0.24 $1.01 $0.13 $0.00 $0.36 $1.71 $18.30714 $2.54 $6.21 $12.71 $5.98 $0.00 $1.24 $0.00 $0.00 $0.23 $3.25 $32.16716 $2.00 $5.81 $7.97 $4.21 $0.00 $1.85 $0.00 $0.00 $0.10 $1.61 $23.56721 $1.55 $2.68 $7.02 $1.95 $0.00 $0.71 $0.14 $0.70 $0.40 $1.61 $16.77


Av $1.31 $3.26 $2.87 $3.53 $0.12 $0.59 $0.16 $0.17 $0.20 $2.95 $15.16

Other Ewe Av $1.85 $3.59 $6.14 $4.36 $0.56 $0.62 $0.09 $0.08 $0.38 $2.07 $19.75


Farm No

Animal Health

Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Shearing Supplies

Repairs & Maint.

Other Selling Costs

Total Ent. Costs


14 $12 $65 $104 $64 $4 $18 $1 $1 $5 $67 $34143 $14 $27 $42 $77 $28 $3 $0 $0 $19 $12 $22358 $48 $69 $241 $83 $43 $13 $1 $0 $11 $48 $55787 $16 $40 $30 $34 $0 $3 $2 $0 $2 $33 $16193 $22 $39 $59 $59 $3 $2 $2 $2 $4 $47 $239

502 $21 $16 $0 $33 $0 $6 $1 $0 $0 $33 $111510 $15 $49 $27 $3 $0 $4 $0 $1 $0 $21 $121512 $15 $61 $36 $49 $2 $2 $3 $6 $5 $24 $202520 $40 $31 $62 $116 $43 $10 $2 $0 $6 $44 $356623 $48 $64 $75 $103 $2 $6 $3 $3 $24 $38 $365626 $57 $60 $42 $104 $3 $0 $1 $0 $0 $19 $286628 $39 $107 $279 $88 $0 $23 $5 $0 $0 $24 $565659 $22 $42 $140 $68 $0 $5 $1 $0 $2 $37 $316660 $27 $88 $80 $105 $5 $20 $3 $0 $7 $35 $371714 $31 $75 $153 $72 $0 $15 $0 $0 $3 $39 $388716 $22 $63 $87 $46 $0 $20 $0 $0 $1 $18 $257721 $30 $52 $137 $38 $0 $14 $3 $14 $8 $31 $328


Av $16 $47 $47 $49 $2 $9 $2 $2 $3 $41 $218

Other Ewe Av $31 $58 $104 $71 $9 $10 $2 $1 $6 $32 $324



TABLE C8Beef Cattle Enterprise Costs 2012-2013 South West


Contract Services

Supp Feed

& Agistmt


Freight/ Cartage

Repairs & Maint

Other Selling Costs

Total Ent. Costs


87 Autumn Calving $1.80 $0.00 $5.62 $3.54 $0.00 $0.48 $0.00 $0.18 $2.87 $14.49

627 Autumn Calving $0.00 $0.00 $3.09 $0.47 $0.00 $0.00 $0.00 $0.00 $2.11 $5.67

714 Autumn Calving $1.26 $0.04 $1.86 $5.98 $0.00 $0.30 $0.00 $0.02 $1.31 $10.76

718 Autumn Calving $1.81 $0.27 $5.98 $7.54 $0.00 $1.40 $0.00 $0.00 $2.75 $19.75

39 Spring Calving $3.81 $0.00 $10.79 $5.63 $0.00 $1.81 $0.00 $0.00 $3.28 $25.31

58 Spring Calving $0.82 $0.44 $14.06 $3.93 $1.20 $0.50 $0.00 $0.47 $4.38 $25.80

626 Spring Calving $2.29 $0.23 $8.26 $5.00 $0.13 $0.58 $0.00 $0.00 $1.09 $17.58

693 Spring Calving $0.70 $1.55 $3.77 $6.18 $1.84 $0.08 $0.00 $0.66 $0.84 $15.62

716 Spring Calving $0.66 $0.19 $3.04 $4.21 $0.00 $0.51 $0.00 $0.00 $0.31 $8.92

720 Spring Calving $1.48 $0.00 $2.38 $4.10 $0.32 $0.21 $0.00 $0.15 $0.43 $9.07

39 Other $0.57 $0.00 $30.38 $5.63 $0.00 $2.28 $0.00 $0.00 $1.30 $40.16114 Other $0.52 $0.00 $2.27 $4.16 $0.00 $3.93 $0.00 $0.07 $0.82 $11.76

Average $1.31 $0.23 $7.62 $4.70 $0.29 $1.01 $0.00 $0.13 $1.79 $17.07

Top 20%* $2.31 $0.22 $12.43 $4.78 $0.60 $1.15 $0.00 $0.23 $3.83 $25.56

Autumn Av $1.22 $0.08 $4.14 $4.38 $0.00 $0.54 $0.00 $0.05 $2.26 $12.67

Spring Av $1.63 $0.40 $7.05 $4.84 $0.58 $0.62 $0.00 $0.21 $1.72 $17.05

Other Av $0.55 $0.00 $16.33 $4.89 $0.00 $3.10 $0.00 $0.03 $1.06 $25.96


Contract Services

Supp Feed & Agistmt


Freight/ Cartage

Repairs & Maint

Other Selling Costs

Total Ent. Costs


87 $18 $0 $55 $34 $0 $5 $0 $2 $28 $141627 $0 $0 $35 $5 $0 $0 $0 $0 $24 $64714 $15 $0 $22 $72 $0 $4 $0 $0 $16 $130718 $23 $3 $77 $97 $0 $18 $0 $0 $35 $25539 $75 $0 $211 $110 $0 $35 $0 $0 $64 $49658 $17 $9 $299 $83 $25 $11 $0 $10 $93 $548

626 $47 $5 $171 $104 $3 $12 $0 $0 $23 $364693 $12 $26 $63 $103 $31 $1 $0 $11 $14 $261716 $7 $2 $33 $46 $0 $6 $0 $0 $3 $97720 $25 $0 $40 $69 $5 $4 $0 $3 $7 $15339 $11 $0 $595 $110 $0 $45 $0 $0 $25 $786

114 $4 $0 $19 $35 $0 $33 $0 $1 $7 $100Average $21 $4 $135 $72 $5 $14 $0 $2 $28 $283

Top 20%* $46 $5 $255 $97 $13 $23 $0 $5 $79 $522Autumn Av $14 $1 $47 $52 $0 $7 $0 $1 $26 $147Spring Av $31 $7 $136 $86 $11 $11 $0 $4 $34 $320Other Av $8 $0 $307 $73 $0 $39 $0 $0 $16 $443


Table C9Pasture Costs Per Grazed Hectare 2012-2013 South West

Farm No






14 $6 $3 $7 $46 $1 $4 $6739 $18 $6 $0 $86 $0 $0 $11143 $10 $11 $30 $22 $0 $0 $7755 $4 $2 $3 $41 $0 $1 $5058 $10 $4 $5 $66 $0 $1 $8666 $0 $0 $0 $0 $0 $0 $087 $3 $4 $19 $9 $0 $0 $3593 $0 $8 $10 $42 $0 $0 $59

114 $4 $1 $0 $30 $0 $0 $35502 $5 $3 $0 $20 $0 $1 $29510 $0 $0 $0 $3 $0 $0 $3512 $4 $2 $0 $40 $0 $2 $47520 $19 $6 $0 $103 $0 $0 $130525 $0 $7 $7 $30 $0 $1 $45623 $13 $1 $0 $66 $5 $20 $104626 $20 $7 $29 $56 $0 $0 $113627 $0 $3 $2 $1 $0 $0 $5628 $4 $2 $17 $50 $0 $20 $93659 $2 $4 $0 $67 $0 $0 $73660 $11 $9 $0 $90 $0 $0 $110693 $13 $9 $8 $73 $0 $0 $103714 $2 $7 $25 $31 $0 $0 $65716 $0 $3 $9 $27 $0 $0 $39718 $3 $3 $27 $68 $0 $0 $100719 $4 $2 $2 $42 $0 $1 $51720 $3 $2 $0 $64 $0 $0 $69721 $9 $4 $5 $20 $0 $0 $38

Average $6 $4 $8 $44 $0 $2 $64Top 20% * $8 $3 $2 $45 $0 $1 $59



TABLE A10Overhead Costs Per Effective Hectare 2012-2013 South West

Farm No

Paid Labour

Training &

Consultants


Insurance R&M - Plant & Equip.


Admin Rates & Rents


Total Overhead

s


14 $20 $3 $1 $8 $10 $4 $41 $15 $11 $0 $14 $12739 $30 $10 $0 $21 $8 $15 $11 $13 $12 $2 $19 $14043 $1 $2 $1 $0 $5 $11 $10 $18 $11 $10 $10 $7855 $142 $2 $0 $8 $8 $0 $9 $7 $24 $1 $52 $25458 $36 $23 $1 $9 $8 $11 $15 $16 $13 $6 $18 $15566 $95 $0 $4 $19 $11 $15 $25 $8 $16 $2 $11 $20787 $39 $7 $0 $8 $13 $6 $10 $10 $14 $2 $36 $14693 $0 $0 $6 $15 $11 $2 $7 $9 $12 $3 $8 $72

114 $5 $1 $0 $14 $13 $4 $6 $17 $7 $3 $11 $80502 $0 $9 $0 $15 $12 $14 $3 $11 $7 $2 $34 $108510 $2 $1 $2 $19 $12 $9 $7 $7 $13 $0 $8 $81512 $0 $0 $6 $11 $16 $2 $4 $11 $11 $7 $47 $115502 $0 $9 $0 $15 $12 $14 $3 $11 $7 $2 $34 $108510 $2 $1 $2 $19 $12 $9 $7 $7 $13 $0 $8 $81512 $0 $0 $6 $11 $16 $2 $4 $11 $11 $7 $47 $115520 $17 $0 $0 $2 $5 $3 $19 $7 $13 $3 $4 $74525 $40 $10 $1 $31 $12 $10 $27 $12 $17 $6 $91 $258623 $4 $0 $1 $8 $15 $11 $4 $27 $9 $13 $18 $110626 $1 $0 $0 $4 $6 $0 $11 $9 $10 $2 $9 $52627 $48 $0 $0 $31 $15 $22 $11 $5 $17 $4 $16 $170628 $97 $4 $0 $19 $20 $11 $14 $28 $21 $3 $86 $304659 $0 $0 $1 $16 $5 $7 $6 $10 $3 $3 $22 $72660 $10 $3 $0 $15 $8 $23 $5 $17 $18 $3 $20 $121693 $0 $1 $5 $15 $10 $12 $7 $22 $14 $4 $12 $101714 $84 $2 $0 $13 $6 $13 $14 $17 $12 $5 $17 $184716 $37 $1 $6 $10 $6 $8 $8 $15 $14 $7 $42 $153718 $67 $1 $0 $16 $6 $11 $10 $14 $13 $4 $19 $160719 $17 $4 $5 $12 $5 $2 $33 $10 $13 $0 $22 $122720 $0 $0 $0 $13 $14 $0 $36 $12 $15 $23 $24 $137721 $105 $2 $2 $21 $14 $0 $14 $30 $5 $1 $29 $222

Average $33 $3 $2 $14 $10 $8 $14 $14 $13 $4 $26 $141Top 20% * $53 $3 $2 $12 $11 $4 $10 $13 $12 $3 $33 $154* Ranked according to operating profit per effective hectare


TABLE C11Wool Sheep Profitability Per Kilogram of Clean Wool Produced 2012-2013 South West

Farm No

Net Wool

Income

Sheep Trading

Profit

Enterprise Costs

Overhead Costs

O/O Allowance

Interest & Lease


**Breakeven Wool

Price

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease


14 $11.31 $0.37 $10.51 $3.42 $2.28 $0.80 $16.21 $15.84 -$4.53 -$5.33 -$17239 $11.64 $3.77 $8.86 $3.19 $1.09 $3.46 $13.14 $9.37 $2.27 -$1.19 $9555 $11.36 $7.58 $8.33 $6.50 $0.57 $0.00 $15.40 $7.82 $3.54 $3.54 $12258 $10.75 -$0.24 $5.63 $2.50 $1.41 $4.18 $9.54 $9.78 $0.97 -$3.21 $5966 $9.01 $1.20 $7.60 $8.52 $0.83 $0.00 $16.95 $15.75 -$6.74 -$6.74 -$165

114 $10.65 $1.22 $9.46 $3.06 $1.70 $1.25 $14.22 $12.99 -$2.35 -$3.59 -$53502 $12.51 $2.70 $7.94 $3.45 $3.29 $2.60 $14.67 $11.97 $0.53 -$2.06 $11510 $11.86 $3.32 $6.90 $2.87 $1.32 $5.96 $11.08 $7.76 $4.10 -$1.86 $108512 $11.06 $4.43 $5.13 $2.64 $2.67 $3.20 $10.44 $6.01 $5.05 $1.85 $196525 $10.80 $3.09 $13.81 $5.81 $1.65 $5.01 $21.27 $18.17 -$7.38 -$12.39 -$248627 $10.64 $0.08 $4.52 $7.66 $1.67 $4.60 $13.86 $13.78 -$3.13 -$7.74 -$77659 $13.62 $3.62 $11.94 $2.98 $4.45 $0.72 $19.37 $15.75 -$2.13 -$2.85 -$45718 $15.11 $2.02 $18.94 $8.32 $1.59 $0.02 $28.86 $26.83 -$11.73 -$11.75 -$223719 $10.80 $3.51 $6.45 $3.70 $1.37 $3.93 $11.52 $8.01 $2.79 -$1.14 $78

Average $11.51 $2.62 $9.00 $4.62 $1.85 $2.55 $15.47 $12.85 -$1.34 -$3.89 -$22Top 20%* $11.43 $5.11 $6.78 $4.00 $1.52 $3.05 $12.31 $7.20 $4.23 $1.17 $142* Top 20% ranked according to wool profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven wool price


TABLE C12Prime Lamb Profitability Per Kilogram Carcass Weight Produced 2012-2013 South West

Farm No Net Wool

Income

Non-Lamb Sheep

Trading

Enterprise Costs

Overhead Costs

O/O Allowanc

e

Interest & Lease

**Cost of Productio

n

**Breakeven

Lamb Price

Lamb Sales

Income

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease


14 $1.50 -$0.22 $2.02 $0.99 $0.64 $0.22 $3.65 $2.36 $2.48 $0.12 -$0.10 $1643 $1.06 $5.28 $4.91 $1.71 $0.71 $4.15 $7.33 $0.99 $3.98 $2.99 -$1.16 $12858 $1.22 $0.63 $4.15 $1.23 $0.70 $2.08 $6.07 $4.23 $3.09 -$1.14 -$3.21 -$14087 $3.35 $1.53 $3.99 $5.07 $1.52 $0.01 $10.59 $5.71 $2.79 -$2.92 -$2.92 -$9393 $0.90 -$0.06 $1.92 $0.74 $1.10 $0.15 $3.75 $2.91 $3.87 $0.95 $0.80 $96

502 $1.93 -$0.02 $1.21 $1.15 $1.02 $0.81 $3.39 $1.47 $3.98 $2.51 $1.70 $162510 $0.84 -$0.92 $1.41 $0.98 $0.49 $2.22 $2.88 $2.96 $4.04 $1.08 -$1.14 $76512 $2.97 -$0.70 $1.91 $1.10 $1.11 $1.33 $4.13 $1.85 $4.22 $2.37 $1.04 $221520 $0.92 $0.24 $2.44 $0.58 $0.67 $1.12 $3.69 $2.53 $3.26 $0.74 -$0.38 $94623 $0.84 -$0.08 $2.13 $0.72 $0.87 $1.80 $3.72 $2.97 $2.82 -$0.14 -$1.94 -$22626 $1.65 $1.11 $3.67 $0.70 $0.79 $4.42 $5.16 $2.41 $3.34 $0.93 -$3.49 $68628 $0.88 -$0.01 $3.58 $2.02 $0.35 $0.42 $5.95 $5.09 $4.78 -$0.30 -$0.72 -$46659 $1.78 -$0.38 $4.11 $0.94 $1.39 $0.23 $6.44 $5.04 $4.23 -$0.81 -$1.04 -$55660 $1.58 $0.79 $3.32 $1.23 $0.72 $0.07 $5.27 $2.91 $4.18 $1.27 $1.20 $129714 $1.99 -$0.33 $6.25 $3.31 $0.38 $0.01 $9.95 $8.28 $4.82 -$3.46 -$3.48 -$193716 $0.74 $1.89 $2.76 $1.98 $0.56 $0.00 $5.30 $2.67 $1.55 -$1.12 -$1.12 -$97721 $0.71 $4.94 $3.16 $2.37 $1.11 $2.09 $6.63 $0.98 $3.31 $2.33 $0.24 $219

Average $1.46 $0.81 $3.11 $1.58 $0.83 $1.24 $5.52 $3.26 $3.57 $0.32 -$0.93 $33Top 20%* $1.87 $1.41 $2.09 $1.54 $1.08 $1.41 $4.71 $1.43 $3.84 $2.40 $0.99 $201

Merino Ewe Av $2.14 -$0.31 $1.72 $1.08 $0.92 $0.79 $3.72 $1.89 $3.56 $1.67 $0.88 $133

Other Ewe Av $1.32 $1.04 $3.41 $1.68 $0.81 $1.34 $5.91 $3.55 $3.58 $0.03 -$1.31 $12

* Top 20% ranked according to prime lamb profit excl interest and lease costs per hectare** Interest and lease costs are excluded from the cost of production and the breakeven lamb price


TABLE C13Beef Cattle Profitability Per Kilogram Liveweight Produced 2012-2013 South West

Farm No

Trading Profit

Enterprise Costs

Overhead Costs

O/O Allowanc

e

Interest & Lease

**Cost of Productio

n

**Breakeven Beef

Price

Beef Sales

Income

Profit Excl.

Int/Lease

Profit Incl.

Int/Lease

Profit Excl.

Int/Lease

Beef Enterprise


87 -$0.47 $0.75 $0.70 $0.07 $0.00 $1.51 $1.98 $1.90 -$0.07 -$0.07 -$11 Autumn Calving

627 -$0.24 $0.25 $0.74 $0.07 $0.69 $1.06 $1.30 $1.55 $0.25 -$0.45 $40 Autumn Calving

714 -$3.85 $1.03 $1.31 $0.15 $0.01 $2.49 $6.35 $5.38 -$0.96 -$0.97 -$106 Autumn Calving

718 -$1.87 $0.74 $0.63 $0.20 $0.00 $1.57 $3.44 $3.32 -$0.12 -$0.12 -$35 Autumn Calving

39 -$2.40 $0.87 $0.29 $0.11 $0.29 $1.28 $3.68 $4.11 $0.43 $0.14 $214 Spring Calving

58 -$1.54 $1.27 $0.45 $0.21 $0.71 $1.92 $3.46 $4.04 $0.57 -$0.13 $206 Spring Calving

626 $0.19 $0.76 $0.12 $0.15 $0.72 $1.03 $0.84 $1.34 $0.50 -$0.22 $225 Spring Calving

693 -$0.07 $0.77 $0.32 $0.13 $0.02 $1.22 $1.29 $1.66 $0.37 $0.35 $117 Spring Calving

716 -$0.69 $0.57 $0.80 $0.17 $0.00 $1.54 $2.23 $1.75 -$0.48 -$0.48 -$78 Spring Calving

720 $0.22 $0.78 $0.73 $0.16 $1.50 $1.67 $1.45 $1.57 $0.11 -$1.38 $21 Spring Calving

39 -$2.58 $1.48 $0.29 $0.11 $0.28 $1.88 $4.46 $4.59 $0.13 -$0.16 $65 Other114 -$1.35 $0.29 $0.24 $0.13 $0.09 $0.65 $2.00 $2.56 $0.56 $0.47 $181 Other

Average -$1.22 $0.80 $0.55 $0.14 $0.36 $1.49 $2.71 $2.81 $0.11 -$0.25 $70

Top 20% * -$1.10 $0.82 $0.21 $0.13 $0.51 $1.15 $2.26 $2.72 $0.47 -$0.04 $219

Autum Av -$1.61 $0.69 $0.85 $0.12 $0.18 $1.66 $3.27 $3.04 -$0.23 -$0.40 -$28

Spring Av -$0.72 $0.84 $0.45 $0.15 $0.54 $1.44 $2.16 $2.41 $0.25 -$0.29 $117

Other Av -$1.96 $0.88 $0.27 $0.12 $0.18 $1.27 $3.23 $3.57 $0.34 $0.16 $123



TABLE C14Capital Structure 2012-2013 South West

2012/2013 Average 2012/2013 Top 20%

FARM AREAS (HA)

Freehold Area 1,153 1,122Area Leased In 90 223Area Leased Out 0 0Effective Area 1,131 1,132LAND VALUES



Liabilities per Effective Hectare $1,081 $788EQUITY




TABLE C15Farm Labour Efficiency and Enterprise Mix 2012-2013 South West

2012/2013 Average 2012/2013 Top 20%

SHEEP ENTERPRISES


Average Cattle Number 239 0Cattle Labour Efficiency (ha/person) 1,135 -Cattle Labour Efficiency (DSE/person) 15,065 -TOTAL LABOUR EFFICIENCY




TABLE C16Supplementary Feed Data 2012-2013 South West

Farm No Yield WET TONNES PER HA




Area CutHA




14 8.7 36.4 0.0 17.6 0.0 0.0 0.0 $890 47 0

39 12.3 0.0 0.0 16.8 13.3 16.4 0.0 $242 0 13

43 0.4 0.0 15.1 0.0 0.0 0.0 0 0

55 4.2 11.3 0.0 10.7 0.0 0.0 0.0 $270 240 0

58 4.5 0.0 18.5 0.0 14.5 14.7 0.0 $79 0 26

66 3.0 33.9 0.0 6.8 0.0 0.0 0.0 $129 93 0

87 7.1 7.6 0.0 6.7 15.7 0.0 0.0 $1,229 28 0

93 0.0 0.0 12.9 0.0 0.0 0.0 0 0

114 0.0 32.1 35.1 0.0 22.7 0.0 0 0

502 0.0 0.0 26.5 0.0 0.0 0.0 0 0

510 0.0 0.0 17.1 0.0 0.0 0.0 0 0

512 7.0 0.0 7.3 0.0 0.0 0.0 0 0

520 3.0 17.6 0.0 5.2 0.0 0.0 0.0 $488 56 0

525 3.6 3.5 0.0 24.9 0.0 0.0 0.0 $348 6 0

623 5.5 8.6 0.0 8.4 0.0 0.0 0.0 $295 6 0

626 4.5 5.7 4.2 0.0 1.9 28.3 36.0 0.0 $716 -$164 91 95

627 0.0 0.0 0.0 9.0 0.0 0.0 0 0

628 5.1 8.6 0.0 24.7 0.0 0.0 0.0 $883 37 0

659 2.7 41.5 0.0 8.9 0.0 0.0 0.0 $382 73 0

660 6.7 0.0 18.6 3.8 0.0 0.0 0.0 $162 0 45

693 0.0 0.0 0.0 16.3 0.0 0.0 0 0

714 1.9 17.4 31.1 2.9 24.3 0.0 0 0

716 4.9 1.4 2.5 18.1 0.7 13.0 0.0 -$98 0 43

718 3.8 10.8 0.0 0.7 0.0 4.6 95.1 0.0 $343 $192 12 44

719 0.0 0.0 11.8 0.0 0.0 0.0 0 0

720 0.0 0.0 0.0 0.0 0.0 0.0 0 0

721 13.0 0.0 21.1 0.0 0.0 0.0 0 0

Average 4.7 7.5 7.3 3.3 12.3 3.9 8.2 0.0 $543 $69 26 10 Top 20% * 3.6 - 9.8 0.0 14.2 0.0 0.0 0.0 $379 - 59 0 * Ranked according to operating profit per effective hectare


TABLE C17Wheat Production 2012-2013 South WestFarm

NoYield Area

Harvested

Gross Margin

Gross Margin

Gross Margin

Cost of Prod.n

Price Receive

d

Profit Excl.

Int/Lease

Cost of Prod.n

Income Profit Excl.

Int/Lease

Profit Excl

Int/Lease

Water Use Eff.

Potential

Water Use

Efficiency

Wheat Type


EGSRKG/HA/

MM EGSR %

55 4.2 290 $71 $295 $0.93 $166 $180 $14 $694 $752 $58 $0.18 13.2% 66% White502 5.0 5 $196 $979 $2.51 $172 $268 $96 $858 $1,340 $482 $1.24 12.8% 64% Red502 4.3 113 $156 $679 $1.74 $206 $248 $42 $894 $1,076 $182 $0.47 11.1% 56% White525 6.9 40 $208 $1,433 $5.00 $126 $265 $139 $865 $1,820 $955 $3.33 24.0% 120% White716 1.5 139 $112 $173 $0.50 $65 $374 $309 $100 $577 $478 $1.38 4.5% 22% White719 2.9 45 $125 $366 $1.03 $174 $240 $66 $511 $704 $192 $0.54 8.2% 41% Red719 2.7 144 $115 $312 $0.88 $186 $237 $51 $505 $643 $139 $0.39 7.6% 38% White

Average 3.9 111 $140 $605 $1.80 $156 $259 $102 $632 $988 $355 $1.08 11.6% 58%


TABLE C18Canola Production 2012-2013 South West

Farm No

Yield Area Harvest

ed

Gross Margin

Gross Margin

Gross Margin

Cost of Producti

on

Price Receive

d

Profit Excl

Int/Lease

Cost of Producti

on

Income Profit Excl

Int/Lease

Profit Excl

Int/Lease

Water Use

Efficiency

Potential Water

Use Efficienc

y


EGSRKG/HA/MM

EGSR %

55 2.6 287 $316 $833 $2.62 $312 $537 $225 $822 $1,416 $594 $1.87 8.3% 83%502 2.2 119 $395 $876 $2.25 $377 $548 $171 $837 $1,216 $379 $0.97 5.7% 57%512 2.1 19 $308 $656 $2.11 $468 $547 $79 $996 $1,164 $169 $0.54 6.8% 68%525 3.5 125 $339 $1,180 $4.12 $323 $525 $202 $1,126 $1,827 $701 $2.45 12.1% 121%716 1.3 99 $187 $241 $0.70 $77 $624 $547 $100 $805 $705 $2.03 3.7% 37%719 1.6 72 $223 $362 $1.02 $401 $516 $115 $651 $838 $187 $0.52 4.6% 46%

Average 2.2 120 $295 $691 $2.13 $326 $550 $223 $755 $1,211 $456 $1.40 6.9% 69%EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation


TABLE C19Oats Production 2012-2013 South West

Farm No

Yield Area Harvest

ed

Gross Margin

Gross Margin

Gross Margin

Cost of Producti

on

Sales Price

Received

Profit Excl

Int/Lease

Cost of Producti

on

Income Profit Excl

Int/Lease

Profit Excl

Int/Lease

Water Use

Efficiency

Potential Water

Use Efficienc

y


EGSRKG/HA/MM

EGSR %

43 2.5 68 $108 $271 $0.78 $149 $200 $51 $372 $500 $128 $0.37 7.2% 33%55 5.0 8 $74 $368 $1.09 $184 $210 $26 $919 $1,050 $131 $0.39 14.8% 67%

502 4.0 15 $138 $553 $1.35 $196 $210 $14 $784 $840 $56 $0.14 9.8% 44%510 4.4 52 $177 $783 $2.37 $136 $215 $79 $599 $951 $352 $1.06 13.4% 61%512 3.0 20 $64 $193 $0.58 $308 $210 -$98 $925 $630 -$295 -$0.89 9.0% 41%525 5.0 100 $155 $776 $2.53 $168 $211 $43 $841 $1,055 $214 $0.70 16.3% 74%659 3.1 16 $192 $593 $1.62 $168 $210 $42 $519 $648 $129 $0.35 8.5% 38%719 2.8 92 $106 $293 $0.78 $165 $208 $43 $455 $574 $119 $0.32 7.3% 33%

Average 3.7 46 $127 $479 $1.39 $184 $209 $25 $677 $781 $104 $0.30 10.8% 49%EGSR = Effective Growing Season Rainfall = Growing season rainfall minus evaporation* When no grain is sold sale price equals standard value.

TABLE C20Wheat Enterprise Costs 2012-2013 South West

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

55 $3 $31 $26 $29 $2 $3 $4 $4 $4 $2 $1 $109502 $0 $12 $0 $44 $0 $0 $8 $0 $4 $3 $0 $72502 $0 $21 $0 $47 $0 $0 $15 $0 $5 $4 $0 $91525 $0 $10 $12 $14 $0 $0 $11 $0 $7 $1 $1 $56719 $5 $19 $21 $35 $0 $0 $14 $3 $16 $2 $0 $115719 $5 $20 $22 $38 $0 $0 $13 $4 $17 $3 $0 $122

Average $2 $19 $14 $35 $0 $1 $11 $2 $9 $3 $0 $94

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total


55 $11 $131 $110 $121 $9 $13 $17 $17 $16 $7 $6 $457502 $0 $62 $0 $220 $0 $0 $40 $0 $22 $17 $0 $361502 $0 $89 $0 $205 $0 $0 $64 $0 $21 $17 $0 $397525 $0 $72 $85 $95 $0 $0 $75 $0 $45 $10 $5 $387719 $14 $55 $63 $104 $0 $0 $40 $10 $46 $7 $0 $338719 $13 $55 $61 $103 $0 $0 $36 $10 $46 $7 $0 $331

Average $6 $77 $53 $141 $1 $2 $45 $6 $33 $11 $2 $378


TABLE C21Canola Enterprise Costs 2012-2013 South West

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

55 $22 $50 $54 $53 $7 $0 $14 $7 $6 $3 $7 $222502 $21 $21 $0 $78 $0 $0 $15 $0 $10 $8 $0 $153512 $20 $29 $69 $66 $0 $0 $18 $11 $19 $4 $3 $239525 $13 $26 $37 $37 $35 $0 $18 $0 $14 $5 $0 $186719 $39 $34 $74 $95 $0 $0 $14 $6 $28 $4 $0 $294

Average $23 $32 $47 $66 $8 $0 $16 $5 $15 $5 $2 $219

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel CropInsurance

Sundries Total


55 $59 $132 $143 $139 $17 $0 $36 $17 $16 $7 $17 $584502 $47 $48 $0 $174 $0 $0 $33 $0 $22 $17 $0 $340512 $42 $61 $147 $141 $0 $0 $38 $24 $40 $9 $6 $508525 $46 $91 $130 $130 $122 $0 $63 $0 $48 $16 $2 $647719 $63 $55 $120 $155 $0 $0 $22 $10 $46 $7 $0 $478

Average $51 $77 $108 $148 $28 $0 $38 $10 $34 $11 $5 $511

TABLE C22Oats Enterprise Costs 2012-2013 South West

Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total

$/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T $/T

43 $0 $14 $0 $36 $0 $21 $4 $12 $6 $0 $0 $9255 $0 $50 $13 $25 $18 $0 $0 $15 $13 $3 $0 $136

502 $0 $15 $0 $38 $0 $0 $10 $0 $5 $4 $0 $72510 $0 $0 $20 $13 $0 $0 $0 $0 $0 $0 $0 $33512 $0 $26 $26 $69 $0 $0 $0 $8 $13 $3 $2 $146525 $6 $9 $22 $22 $0 $0 $1 $1 $9 $2 $0 $73659 $0 $0 $18 $0 $0 $0 $0 $0 $0 $0 $0 $18719 $3 $20 $22 $30 $0 $0 $4 $4 $17 $3 $0 $102

Average $1 $17 $15 $29 $2 $3 $2 $5 $8 $2 $0 $84


Farm No

Seed Chemicals

Contract Services


ers

Casual Labour

Freight/ Cartage

Repairs & Maintenan

ce

Fuel Crop Insurance

Sundries Total


43 $0 $35 $0 $90 $0 $51 $10 $29 $14 $0 $0 $22955 $0 $250 $63 $125 $90 $0 $0 $75 $63 $17 $0 $682

502 $0 $59 $0 $150 $0 $0 $40 $0 $21 $17 $0 $287510 $0 $0 $89 $58 $0 $0 $0 $0 $0 $0 $0 $147512 $0 $78 $77 $207 $0 $0 $0 $23 $38 $9 $6 $438525 $29 $47 $110 $110 $0 $0 $5 $3 $45 $12 $2 $363659 $0 $0 $56 $0 $0 $0 $0 $0 $0 $0 $0 $56719 $8 $55 $61 $83 $0 $0 $12 $10 $46 $7 $0 $281

Average $5 $65 $57 $103 $11 $6 $8 $17 $28 $8 $1 $310


TABLE C23Historical Data For Selected Average Profitability Indicators - South West


Return to Equity

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/HA)

REAL($/HA)

1971-72 $46 $434 $12 $113 $11 $104 $22 $208 3.8% 3.2%1972-73 $86 $751 $14 $122 $12 $105 $60 $524 12.6% 14.4%1973-74 $111 $845 $20 $152 $18 $137 $73 $556 12.6% 15.3%1974-75 $66 $430 $16 $104 $17 $111 $33 $215 3.1% 4.8%1975-76 $68 $396 $21 $122 $19 $111 $27 $157 2.7% 3.1%1976-77 $90 $461 $23 $118 $21 $108 $46 $236 6.6% 6.8%1977-78 $94 $446 $30 $142 $23 $109 $40 $190 4.7% 4.6%1978-79 $137 $598 $32 $140 $31 $135 $74 $323 6.3% 6.4%1979-80 $167 $658 $40 $158 $30 $118 $97 $382 6.7% 6.9%1980-81 $156 $565 $58 $210 $33 $120 $65 $236 2.9% 3.7%1981-82 $130 $425 $49 $160 $38 $124 $42 $137 1.0% 0.4%1982-83 $122 $359 $53 $156 $39 $115 $30 $88 -0.1% -0.2%1983-84 $188 $532 $48 $136 $43 $122 $97 $275 5.1% 4.0%1984-85 $191 $507 $54 $143 $46 $122 $91 $242 4.4% 3.5%1985-86 $197 $482 $51 $125 $45 $110 $101 $247 3.8% 3.3%1986-87 $235 $526 $53 $119 $49 $110 $133 $298 6.1% 5.4%1987-88 $335 $701 $75 $157 $59 $123 $200 $418 9.5% 9.3%1988-89 $343 $667 $80 $155 $61 $119 $202 $393 7.7% 7.2%1989-90 $326 $588 $90 $162 $66 $119 $170 $307 5.8% 4.6%1990-91 $221 $386 $73 $127 $57 $99 $91 $159 2.1% -0.5%1991-92 $190 $328 $68 $117 $55 $95 $67 $116 1.0% -2.2%1992-93 $198 $335 $67 $113 $54 $91 $77 $130 1.5% -1.1%1993-94 $220 $366 $85 $142 $54 $89 $82 $136 1.8% 0.1%1994-95 $278 $443 $104 $165 $84 $133 $91 $145 2.5% 0.9%1995-96 $273 $422 $98 $152 $82 $127 $93 $144 2.6% 0.8%1996-97 $287 $441 $113 $174 $76 $118 $97 $149 2.7% 1.1%1997-98 $302 $461 $117 $179 $80 $123 $104 $159 2.6% 1.3%1998-99 $285 $431 $116 $176 $79 $119 $90 $136 1.8% 0.3%1999-00 $308 $451 $126 $185 $80 $117 $102 $149 2.1% 0.8%2000-01 $418 $578 $125 $173 $95 $131 $198 $274 5.4% 5.2%2001-02 $536 $721 $150 $201 $102 $138 $284 $382 7.6% 8.7%2002-03 $515 $674 $200 $262 $106 $138 $209 $274 4.7% 4.9%2003-04 $519 $663 $183 $233 $85 $109 $251 $321 5.0% 5.7%2004-05 $501 $625 $206 $257 $92 $115 $203 $253 3.0% 2.3%2005-06 $453 $543 $202 $242 $91 $109 $160 $192 1.6% 1.2%2006-07 $429 $504 $239 $281 $103 $121 $87 $102 0.0% -2.9%2007-08 $636 $715 $260 $292 $122 $137 $255 $286 3.1% 2.4%2008-09 $602 $666 $274 $303 $130 $144 $199 $220 2.2% 1.0%2009-10 $658 $706 $259 $278 $121 $130 $278 $298 3.2% 2.5%2010-11 $793 $822 $214 $222 $137 $142 $442 $458 5.7% 5.7%2011-12 $696 $712 $341 $349 $137 $141 $293 $300 3.7% 3.3%2012-13 $547 $547 $285 $285 $141 $141 $121 $121 1.0% -1.2%

43 year Av - $544 - $180 - $119 - $245 4.1% 3.5%Difference between 2012-13 Av & 43

- $3 - $105 - $22 - -$124 -3.1% -4.7%

- +1% - +58% - +18% - -51%

year AvNote: ‘Real’ dollar values are the nominal values converted to 2012-13 dollar equivalents by the C.P.I. to allow for inflation.The data in the above table from 2004-05 to 2008-09 has been obtained from the Sheep Farm Monitor Project.Data from 2009-10 onwards has been obtained from the Livestock Farm Monitor Project.


TABLE C24Historical Gross Margins For Livestock Enterprises - South West


NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

NOMINAL($/DSE)

REAL($/DSE)

NOMINAL($/HA)

REAL($/HA)

1970-71 $1.50 $15.09 $18 $181 $2.26 $22.73 $31 $312 $2.80 $28.16 $40 $402 1971-72 $2.17 $20.49 $27 $255 $2.58 $24.37 $31 $293 $2.93 $27.67 $35 $331 1972-73 $8.41 $73.41 $96 $838 $7.95 $69.39 $96 $838 $3.01 $26.27 $34 $297 1973-74 $8.77 $66.80 $105 $800 $9.29 $70.76 $108 $823 $5.18 $39.45 $60 $457 1974-75 $5.03 $32.77 $53 $345 $5.71 $37.20 $67 $437 $1.36 $8.86 $16 $104 1975-76 $5.08 $29.55 $63 $366 $7.13 $41.48 $98 $570 -$0.35 -$2.04 -$3 -$17 1976-77 $7.05 $36.13 $85 $436 $9.45 $48.43 $115 $589 $1.00 $5.13 $12 $62 1977-78 $6.67 $31.65 $83 $394 $8.02 $38.06 $100 $475 -$1.02 -$4.84 -$12 -$57 1978-79 $9.20 $40.17 $114 $498 $8.84 $38.59 $98 $428 $7.89 $34.45 $100 $437 1979-80 $10.24 $40.35 $122 $481 $10.00 $39.40 $128 $504 $8.21 $32.35 $91 $359 1980-81 $7.59 $27.51 $86 $312 $7.92 $28.71 $116 $420 $3.36 $12.18 $41 $149 1981-82 $7.23 $23.65 $78 $255 $5.59 $18.29 $69 $226 $2.02 $6.61 $21 $69 1982-83 $6.02 $17.73 $64 $188 $7.47 $22.00 $96 $283 -$2.74 -$8.07 -$27 -$80 1983-84 $11.61 $32.87 $121 $343 $8.59 $24.32 $99 $280 $8.52 $24.12 $79 $224 1984-85 $11.75 $31.21 $129 $343 $8.91 $23.67 $118 $313 $10.12 $26.88 $110 $292 1985-86 $12.02 $29.43 $131 $321 $12.90 $31.58 $159 $389 $10.20 $24.97 $107 $262 1986-87 $14.62 $32.75 $157 $352 $20.16 $45.15 $255 $571 $11.27 $25.24 $125 $280 1987-88 $25.16 $52.62 $262 $548 $20.83 $43.56 $251 $525 $9.60 $20.08 $112 $234 1988-89 $23.59 $45.85 $249 $484 $22.57 $43.87 $264 $513 $10.30 $20.02 $110 $214 1989-90 $18.57 $33.51 $196 $354 $16.82 $30.35 $212 $383 $8.67 $15.65 $100 $180 1990-91 $10.39 $18.13 $106 $185 $11.92 $20.80 $139 $243 $11.28 $19.69 $147 $257 1991-92 $8.20 $14.14 $85 $147 $11.27 $19.44 $110 $190 $10.45 $18.02 $110 $190 1992-93 $8.62 $14.59 $86 $146 $13.33 $22.56 $174 $294 $12.80 $21.66 $142 $240 1993-94 $8.50 $14.15 $85 $142 $13.04 $21.70 $158 $264 $12.59 $20.95 $133 $221 1994-95 $14.32 $22.80 $139 $222 $14.32 $22.80 $201 $320 $7.25 $11.55 $83 $133 1995-96 $11.67 $18.03 $118 $182 $20.12 $31.08 $250 $387 $6.21 $9.60 $77 $119 1996-97 $12.32 $18.98 $143 $220 $17.28 $26.60 $282 $435 $3.11 $4.79 $42 $64 1997-98 $12.04 $18.42 $139 $212 $17.14 $26.21 $228 $349 $6.58 $10.06 $91 $139 1998-99 $8.70 $13.17 $108 $163 $15.04 $22.74 $204 $309 $10.62 $16.06 $140 $211 1999-00 $12.15 $17.81 $144 $212 $11.77 $17.24 $173 $253 $10.30 $15.10 $131 $193 2000-01 $17.12 $23.67 $221 $306 $16.99 $23.50 $251 $347 $20.52 $28.37 $292 $403 2001-02 $23.28 $31.31 $284 $382 $27.56 $37.08 $421 $566 $22.76 $30.61 $335 $450 2002-03 $15.82 $20.73 $232 $303 $20.03 $26.23 $346 $453 $11.17 $14.62 $190 $248 2003-04 $15.96 $20.40 $243 $311 $24.83 $31.73 $380 $486 $21.07 $26.92 $339 $433 2004-05 $12.94 $16.13 $201 $250 $20.02 $24.95 $314 $391 $19.91 $24.82 $309 $385 2005-06 $7.61 $9.13 $119 $143 $15.20 $18.22 $247 $296 $11.50 $13.78 $179 $215 2006-07 $8.09 $9.50 $112 $131 $10.87 $12.76 $139 $163 $9.35 $10.98 $177 $208 2007-08 $14.20 $15.95 $236 $265 $12.84 $14.42 $257 $289 $14.14 $15.88 $268 $301 2008-09 $12.25 $13.56 $179 $198 $17.74 $19.64 $271 $300 $19.65 $21.75 $312 $345 2009-10 $17.28 $18.55 $267 $287 $30.20 $32.42 $459 $493 $15.95 $17.13 $243 $261 2010-11 $37.09 $38.44 $550 $570 $40.73 $42.21 $628 $651 $31.78 $32.94 $538 $558 2011-12 $27.74 $28.40 $382 $391 $28.04 $28.71 $453 $463 $21.53 $22.04 $322 $330 2012-13 $12.48 $12.48 $166 $166 $14.98 $14.98 $232 $232 $15.73 $15.73 $237 $237 43 year

Av - $27 - $317 - $30 - $403 - $18 - $240

Difference

between 2012-13 Av & 43

- -$14 - -$151 - -$15 - -$171 - -$3 - -$4

- -53% - -48% - -50% - -42% - -14% - -2%

year AvNote: ‘Real’ dollar values are the nominal values converted to 2012-13 dollar equivalents by the C.P.I. to allow for inflation.The data in the above table from 2004-05 to 2008-09 has been obtained from the Sheep Farm Monitor Project.Data from 2009-10 onwards has been obtained from the Livestock Farm Monitor Project.Early figures for prime lamb and beef cattle enterprises were not reported in the old Sheep Farm Monitor Projects and are therefore not shown in the above table.


TABLE C25Historical Data For Selected Average Profitability Indicators - South West

Years Stocking Rate

Wool Sheep

Micron Wool Cut (Gr.) Net Wool Price Average Sale Price Lamb %


REAL($/KG) GR.

NOMINAL($/HD)

REAL($/HD)

1970-71 15.3 42 $0.71 $7.14 $3 $27 78%

1971-72 14.0 43 $0.83 $7.84 $3 $24 66%

1972-73 12.2 42 $2.25 $19.64 $7 $58 64%

1973-74 12.5 47 $1.84 $14.01 $12 $92 81%

1974-75 12.1 51 $1.30 $8.47 $4 $28 81%

1975-76 13.6 51 $1.43 $8.32 $4 $23 84%

1976-77 12.9 47 $1.88 $9.64 $9 $44 77%

1977-78 14.0 46 $1.96 $9.30 $10 $47 79%

1978-79 12.7 48 $2.05 $8.95 $16 $70 80%

1979-80 13.0 42 $2.58 $10.17 $18 $72 85%

1980-81 12.8 40 $2.60 $9.42 $17 $61 77%

1981-82 12.0 36 $2.71 $8.87 $12 $39 72%

1982-83 11.7 38 $2.66 $7.83 $8 $24 79%

1983-84 11.7 42 $2.84 $8.04 $16 $46 83%

1984-85 13.1 45 $3.17 $8.42 $14 $37 83%

1985-86 12.0 44 $3.48 $8.52 $12 $29 84%

1986-87 12.2 43 $4.02 $9.00 $17 $37 79%

1987-88 11.8 43 $7.03 $14.70 $17 $36 82%

1988-89 12.1 43 $6.84 $13.29 $19 $36 82%

1989-90 12.4 45 $5.99 $10.81 $11 $20 77%

1990-91 11.8 21.3 41 $4.30 $7.50 $5 $9 75%1991-92 11.4 21.3 38 $3.67 $6.33 $8 $14 71%1992-93 11.6 21.7 44 $2.95 $4.99 $13 $22 71%1993-94 11.3 21.3 37 $3.59 $5.97 $13 $22 72%1994-95 11.1 21.2 38 $5.60 $8.92 $15 $23 76%1995-96 12.4 21.3 45 $3.70 $5.72 $21 $32 77%1996-97 13.9 20.9 46 $4.50 $6.92 $19 $29 77%1997-98 13.3 20.7 42 $4.63 $7.08 $20 $31 75%1998-99 14.2 20.8 51 $3.45 $5.22 $17 $25 81%1999-00 14.4 20.4 52 $4.44 $6.50 $13 $19 84%2000-01 14.9 20.2 52 $5.57 $7.70 $26 $35 77%2001-02 15.2 20.1 55 $5.78 $7.78 $43 $58 77%2002-03 15.6 19.5 51 $6.90 $9.04 $35 $45 73%2003-04 16.0 19.4 54 $5.73 $7.32 $43 $56 72%2004-05 15.8 19.2 55 $5.32 $6.63 $41 $51 78%2005-06 15.5 18.9 43 $5.45 $6.53 $35 $43 76%

2006-07 14.6 18.7 51 $6.40 $7.51 $30 $35 74%2007-08 17.5 18.4 52 $6.26 $7.03 $40 $44 79%2008-09 16.2 18.3 49 $6.28 $6.95 $44 $48 75%2009-10 16.0 18.2 48 $6.53 $7.01 $69 $74 73%2010-11 15.8 18.6 48 $9.51 $9.86 $104 $108 72%2011-12 15.3 18.4 44 $8.81 $9.02 $69 $71 84%2012-13 15.4 17.7 45 $7.85 $7.85 $42 $42 76%

43 year Av 13.6 19.9 46 $8.55 $42 77%


13 Av & 43 year Av

1.8 -1 -$0.70 $0 -2%

13% -1% -8% 1%


TABLE C25 (CONT.)Historical Data For Selected Average Profitability Indicators - South West


Wool Cut (Gr.) Net Wool Price Average Sale Price Lamb % Calving % Average Sale Price


REAL($/KG) GR.

NOMINAL($/HD)

REAL($/HD)

NOMINAL($/HD)

REAL($/HD)

1970-71 28 $0.68 $6.84 $4 $41 100% 93% $93 $9351971-72 46 $0.74 $6.99 $4 $36 87% 89% $90 $8501972-73 35 $1.95 $17.02 $7 $59 90% 89% $97 $8471973-74 39 $1.23 $9.37 $14 $110 88% 92% $134 $1,0211974-75 43 $0.94 $6.12 $6 $40 99% 92% $56 $3651975-76 45 $1.33 $7.74 $7 $38 105% 91% $40 $2331976-77 42 $1.66 $8.51 $10 $52 101% 87% $55 $2821977-78 45 $1.66 $7.88 $13 $59 104% 84% $69 $3271978-79 32 $1.89 $8.25 $17 $73 96% 91% $188 $8211979-80 31 $2.07 $8.16 $21 $82 96% 90% $263 $1,0361980-81 32 $1.90 $6.89 $19 $69 94% 90% $235 $8521981-82 30 $2.39 $7.82 $13 $44 69% 90% $172 $5631982-83 40 $1.99 $5.86 $11 $32 94% 93% $180 $5301983-84 41 $1.93 $5.46 $19 $53 97% 95% $332 $9401984-85 40 $2.20 $5.84 $15 $40 102% 88% $322 $8551985-86 36 $2.30 $5.63 $18 $43 103% 87% $362 $8861986-87 44 $2.92 $6.54 $25 $56 104% 89% $363 $8131987-88 37 $4.79 $10.02 $25 $51 108% 90% $371 $7761988-89 41 $4.24 $8.24 $26 $50 101% 86% $389 $7561989-90 43 $3.39 $6.12 $24 $43 106% 89% $406 $7331990-91 41 $1.79 $3.12 $21 $36 115% 89% $381 $6651991-92 26 $2.82 $4.86 $19 $33 95% 88% $352 $6071992-93 43 $2.53 $4.28 $33 $56 97% 88% $416 $7041993-94 41 $2.64 $4.40 $37 $62 100% 84% $454 $7551994-95 43 $3.67 $5.84 $32 $51 96% 88% $390 $6211995-96 38 $3.23 $4.99 $48 $74 92% 88% $421 $6501996-97 38 $3.84 $5.91 $39 $60 98% 89% $311 $4791997-98 34 $3.49 $5.33 $38 $58 95% 90% $330 $5051998-99 36 $2.48 $3.75 $33 $50 98% 91% $411 $6221999-00 36 $2.85 $4.18 $30 $44 101% 91% $461 $6762000-01 41 $3.32 $4.59 $38 $52 100% 92% $616 $8522001-02 41 $4.25 $5.72 $61 $82 102% 89% $729 $9802002-03 36 $5.28 $6.92 $62 $81 98% 90% $546 $7152003-04 35 $3.95 $5.05 $71 $91 97% 88% $661 $8442004-05 33 $3.62 $4.52 $67 $83 99% 88% $715 $8912005-06 32 $2.96 $3.55 $56 $67 107% 86% $655 $7852006-07 32 $3.94 $4.63 $56 $66 98% 89% $502 $5892007-08 33 $3.57 $4.01 $62 $70 101% 85% $586 $6582008-09 34 $3.13 $3.46 $74 $82 110% 88% $732 $8102009-10 36 $4.10 $4.40 $91 $98 104% 90% $702 $7542010-11 34 $5.74 $5.95 $123 $128 101% 87% $853 $8842011-12 32 $4.49 $4.60 $95 $97 112% 84% $774 $7932012-13 30 $4.19 $4.19 $70 $70 108% 85% $666 $666

43 year Av 37 $6.13 $62 99% 89% $719

Difference between

2012-13 Av & 43 year Av

-7 -$1.94 $8 9% -3% -$53

-20% -32% 13% -7%


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