Meat and Wool Innovation - Economic Service
Last Updated:			Sheep and Beef Farm Survey - Key Coefficients
10-Jul-03			Class 9  All Classes  Northland-Waikato-BoP
										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		137	137	137	135	138	137	138	137	137	137	137
	Physical Coefficients
	Effective Area (Hectares)	306	296	313	312	311	314	316	315	287	315	315
	Labour Total	1.53	1.45	1.47	1.43	1.45	1.49	1.48	1.46	1.42	1.42	1.42
	Total SU at Open	3,431	3,334	3,494	3,327	3,311	3,360	3,218	3,129	2,949	3,207	3,177
	Stock Units per Hectare	11.2	11.3	11.2	10.7	10.6	10.7	10.2	9.9	10.3	10.2	10.1
	Production Coefficients
	Lambing Percentage	102.4	102.6	106.2	105.9	114.8	107.2	102.1	106.2	120.5	117.5	115.4
	Hogget Lambs as % of Total Lambs	0.0	0.0	0.2	0.6	2.7	2.9	2.7	4.2	4.7	5.8	5.9
	Calving   Percentage	88.5	90.1	87.1	84.7	84.4	82.4	81.5	82.1	83.3	87.3	85.9
	Fawning Percentage	83.3	75.0	77.8	75.0	83.3	78.6	84.6	80.0	82.8	85.0	81.0
	Shorn Wool Prodn Kg per head	4.61	4.80	4.78	4.97	5.11	4.55	4.39	4.81	4.81	4.83	4.85
	Shorn Wool Prodn Kg per sheep su	5.11	5.32	5.28	5.48	5.62	5.04	4.85	5.28	5.30	5.38	5.38
	Price Coefficients
	Net Wool Price B4 Freight c per Kg	268.4	331.1	306.8	267.7	259.1	252.9	247.2	268.5	286.0	299.0	292.6
	Sales Prime Lambs $ per head	37.77	29.31	33.24	44.88	37.97	39.87	46.78	66.64	67.64	63.12	58.69
	Sales Store  Lambs $ per head	26.65	16.95	20.21	29.56	23.27	26.60	32.17	45.38	52.22	46.74	42.20
	Sales Ewes MA Prime $ per head	29.33	21.24	23.23	33.30	30.05	23.31	23.50	38.45	52.14	48.99	47.12
	Sales Ewes MA Store  $ per head	35.53	24.52	27.69	40.51	35.55	32.73	35.40	50.77	71.82	59.64	56.81
	Sales Ewes 2th Prime  $ per head	35.20	27.61	25.35	31.28	39.92	34.95	38.77	58.01	65.38	0.00	0.00
	Sales Ewes 2th Store   $ per head	47.32	31.40	36.40	52.11	49.64	49.03	56.34	72.27	105.57	72.99	71.60
	Sales Steers 1-1.5 Yr Prime $ per head	656	523	399	469	511	537	761	887	910	0	0
	Sales Steers 2 Yr + Prime   $ per head	863	703	558	528	613	698	878	1,137	1,194	934	804
	Sales Bulls Beef Prime/Boner $ per head	761	636	517	545	670	753	953	1,157	1,238	0	0
	Sales Cows Prime/Boner        $ per head	459	361	274	309	363	386	530	711	712	0	0
	Sales Bulls Beef 1 Yr Store    $ per head	497	350	262	430	411	499	605	708	784	824	764
	Sales Steers 1 - 1.5 Yr Store  $ per head	440	414	281	319	348	363	441	654	625	582	520
	Sales Heifers 1 - 1.5 Yr Store $ per head	457	371	266	265	285	278	355	604	639	597	507
	Financial Coefficients
	Economic Farm Surplus per hectare	86.08	21.47	-13.00	18.56	33.59	-7.74	47.58	146.59	209.37	79.59	51.95
	Economic Farm Surplus per stock unit	7.68	1.91	-1.16	1.74	3.16	-0.72	4.67	14.76	20.38	7.82	5.15
	Rate of Return on Total Farm Capital %	2.1	0.4	-0.3	0.4	0.7	-0.2	0.9	2.3	2.8	1.1	0.8
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