Meat and Wool Innovation - Economic Service
Last Updated:			Sheep and Beef Farm Survey - Key Coefficients
10-Jul-03			Class 9  All Classes  South 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		197	202	204	202	202	203	210	206	206	206	206
	Physical Coefficients
	Effective Area (Hectares)	710	743	724	699	702	702	717	748	732	748	748
	Labour Total	1.66	1.62	1.61	1.59	1.58	1.55	1.62	1.66	1.64	1.64	1.64
	Total SU at Open	3,096	3,488	3,605	3,589	3,607	3,460	3,574	3,803	3,712	3,749	3,773
	Stock Units per Hectare	4.4	4.7	5.0	5.1	5.1	4.9	5.0	5.1	5.1	5.0	5.0
	Production Coefficients
	Lambing Percentage	110.1	113.4	104.9	114.2	119.4	119.7	120.8	120.7	117.9	123.8	119.2
	Hogget Lambs as % of Total Lambs	0.0	0.0	0.0	0.1	0.3	0.2	0.8	1.3	1.7	2.8	2.4
	Calving   Percentage	83.3	84.2	82.9	85.0	85.0	86.5	85.7	83.8	85.7	87.5	86.8
	Fawning Percentage	77.8	87.5	80.0	83.3	80.0	85.7	86.7	82.4	72.7	78.9	75.0
	Shorn Wool Prodn Kg per head	4.77	4.76	4.44	4.67	4.61	4.84	4.84	4.86	4.77	4.76	4.74
	Shorn Wool Prodn Kg per sheep su	5.20	5.21	4.82	5.09	5.02	5.27	5.28	5.31	5.19	5.21	5.18
	Price Coefficients
	Net Wool Price B4 Freight c per Kg	279.3	381.5	341.4	298.9	300.6	273.5	294.3	358.3	357.3	410.5	394.7
	Sales Prime Lambs $ per head	39.88	29.66	32.77	39.42	34.95	35.72	46.02	60.89	68.51	59.52	55.42
	Sales Store  Lambs $ per head	36.16	23.15	26.57	30.84	26.49	27.68	36.50	47.53	59.65	48.08	44.71
	Sales Ewes MA Prime $ per head	25.94	16.48	18.17	27.62	25.55	20.88	23.13	36.21	47.42	40.41	38.94
	Sales Ewes MA Store  $ per head	35.89	20.15	23.03	36.87	31.83	27.52	31.10	44.53	60.14	49.18	54.96
	Sales Ewes 2th Prime  $ per head	37.19	28.10	27.54	28.42	33.50	32.16	32.01	42.97	102.83	0.00	0.00
	Sales Ewes 2th Store   $ per head	59.47	40.59	41.37	52.90	44.54	43.92	65.50	73.63	88.40	78.96	77.39
	Sales Steers 1-1.5 Yr Prime $ per head	679	476	395	382	403	521	716	943	904	0	0
	Sales Steers 2 Yr + Prime   $ per head	827	696	541	451	509	592	811	984	1,074	760	678
	Sales Bulls Beef Prime/Boner $ per head	790	660	534	489	551	655	914	982	1,028	0	0
	Sales Cows Prime/Boner        $ per head	550	377	260	270	322	392	560	678	670	0	0
	Sales Bulls Beef 1 Yr Store    $ per head	720	534	442	398	389	402	545	783	737	756	712
	Sales Steers 1 - 1.5 Yr Store  $ per head	659	521	432	289	389	341	573	698	887	651	584
	Sales Heifers 1 - 1.5 Yr Store $ per head	534	445	337	273	289	355	483	563	574	539	475
	Financial Coefficients
	Economic Farm Surplus per hectare	40.65	34.18	18.69	46.45	30.23	20.10	59.44	93.09	112.96	86.38	67.30
	Economic Farm Surplus per stock unit	9.32	7.28	3.75	9.05	5.88	4.08	11.92	18.31	22.28	17.23	13.34
	Rate of Return on Total Farm Capital %	2.3	2.0	1.1	2.4	1.6	1.1	2.8	3.3	3.2	2.8	2.3
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