Meat and Wool Innovation - Economic Service
Last Updated:			Sheep and Beef Farm Survey - Key Coefficients
10-Jul-03			Class 9  All Classes  North Island
										Provisional	Estimate	Forecast
Coefficients		1993-94	1994-95	1995-96	1996-97	1997-98	1998-99	1999-00	2000-01	2001-02	2002-03	2003-04
No. in Sample		345	345	344	342	346	341	346	344	344	344	344
	Physical Coefficients
	Effective Area (Hectares)	370	380	391	395	401	409	415	425	427	425	425
	Labour Total	1.59	1.58	1.57	1.55	1.57	1.59	1.57	1.59	1.64	1.64	1.64
	Total SU at Open	3,752	3,835	3,926	3,902	3,930	3,867	3,940	3,986	4,066	4,169	4,106
	Stock Units per Hectare	10.1	10.1	10.0	9.9	9.8	9.5	9.5	9.4	9.5	9.8	9.7
	Production Coefficients
	Lambing Percentage	102.8	103.7	104.9	108.8	112.0	105.6	108.4	109.9	117.5	121.8	115.8
	Hogget Lambs as % of Total Lambs	0.0	0.1	0.3	0.7	2.0	1.8	2.3	3.1	3.6	4.2	4.2
	Calving   Percentage	84.9	84.8	83.0	82.7	82.5	81.1	81.1	83.1	82.6	87.0	85.6
	Fawning Percentage	83.3	75.0	80.0	76.9	84.6	78.6	80.0	78.9	80.0	81.8	78.3
	Shorn Wool Prodn Kg per head	4.77	4.76	4.92	5.11	4.95	4.94	4.74	4.86	4.99	4.89	4.85
	Shorn Wool Prodn Kg per sheep su	5.25	5.24	5.41	5.62	5.43	5.43	5.22	5.36	5.48	5.42	5.37
	Price Coefficients
	Net Wool Price B4 Freight c per Kg	256.0	322.6	302.5	262.2	252.7	246.1	242.2	265.0	292.2	305.3	297.5
	Sales Prime Lambs $ per head	37.39	29.50	35.04	45.33	37.92	43.19	49.70	68.60	72.24	64.62	60.29
	Sales Store  Lambs $ per head	27.97	19.68	24.26	31.26	25.00	30.42	36.63	51.58	58.34	49.02	45.54
	Sales Ewes MA Prime $ per head	30.50	22.29	23.39	32.97	32.05	24.78	25.40	41.38	55.97	48.69	46.47
	Sales Ewes MA Store  $ per head	35.05	23.72	29.25	41.46	35.52	33.95	37.05	51.48	69.51	58.94	55.78
	Sales Ewes 2th Prime  $ per head	35.48	27.91	33.36	39.83	37.36	35.88	40.57	58.09	59.73	0.00	0.00
	Sales Ewes 2th Store   $ per head	49.69	33.44	41.48	57.37	50.34	49.43	57.91	71.79	96.49	73.31	68.92
	Sales Steers 1-1.5 Yr Prime $ per head	658	499	396	462	492	560	791	914	929	0	0
	Sales Steers 2 Yr + Prime   $ per head	881	691	548	537	612	706	896	1,156	1,208	912	812
	Sales Bulls Beef Prime/Boner $ per head	765	632	511	550	658	747	939	1,139	1,201	0	0
	Sales Cows Prime/Boner        $ per head	490	360	291	318	364	404	581	737	746	0	0
	Sales Bulls Beef 1 Yr Store    $ per head	548	433	336	416	441	504	638	762	822	809	753
	Sales Steers 1 - 1.5 Yr Store  $ per head	529	415	316	347	379	413	559	730	821	608	558
	Sales Heifers 1 - 1.5 Yr Store $ per head	442	336	242	269	264	301	411	584	605	543	470
	Financial Coefficients
	Economic Farm Surplus per hectare	85.02	37.46	20.18	51.76	28.83	32.61	94.95	173.15	228.95	136.78	95.20
	Economic Farm Surplus per stock unit	8.38	3.71	2.01	5.24	2.94	3.45	10.00	18.46	24.04	13.94	9.85
	Rate of Return on Total Farm Capital %	2.4	1.0	0.6	1.4	0.8	0.9	2.4	3.5	4.0	2.6	1.9
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