Meat and Wool Innovation - Economic Service
Last Updated:			Sheep and Beef Farm Survey - Key Coefficients
10-Jul-03			Class 9  All Classes  East Coast
										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	136	135	135	136	135	136	136	136	136	136
	Physical Coefficients
	Effective Area (Hectares)	440	478	487	492	508	510	514	525	508	525	525
	Labour Total	1.62	1.67	1.68	1.70	1.72	1.72	1.66	1.70	1.74	1.74	1.74
	Total SU at Open	4,162	4,398	4,475	4,562	4,675	4,278	4,659	4,707	4,602	4,882	4,822
	Stock Units per Hectare	9.5	9.2	9.2	9.3	9.2	8.4	9.1	9.0	9.1	9.3	9.2
	Production Coefficients
	Lambing Percentage	103.2	104.0	105.2	111.1	110.5	103.5	110.7	110.8	117.1	123.7	115.7
	Hogget Lambs as % of Total Lambs	0.0	0.0	0.6	0.8	2.0	1.5	2.5	3.1	3.5	3.8	4.2
	Calving   Percentage	82.8	83.0	80.5	82.1	80.5	80.0	80.2	82.4	82.2	86.8	84.6
	Fawning Percentage	75.0	63.6	80.0	80.0	81.8	66.7	72.7	87.5	81.8	81.8	81.8
	Shorn Wool Prodn Kg per head	4.79	4.59	4.96	5.10	4.66	5.12	4.67	4.80	5.03	4.79	4.79
	Shorn Wool Prodn Kg per sheep su	5.28	5.05	5.44	5.60	5.12	5.59	5.15	5.32	5.53	5.31	5.31
	Price Coefficients
	Net Wool Price B4 Freight c per Kg	248.9	318.7	300.9	262.0	250.2	241.8	238.8	263.0	292.3	305.0	298.2
	Sales Prime Lambs $ per head	36.70	29.23	35.75	45.11	36.98	44.95	50.60	69.25	73.85	64.99	60.53
	Sales Store  Lambs $ per head	27.50	20.48	25.63	30.60	24.81	32.45	37.26	51.27	58.20	48.48	44.96
	Sales Ewes MA Prime $ per head	30.80	22.65	23.57	32.67	32.79	26.09	26.60	43.21	57.97	48.91	46.35
	Sales Ewes MA Store  $ per head	34.45	22.55	29.71	42.19	34.62	35.36	37.77	51.50	69.96	59.74	54.88
	Sales Ewes 2th Prime  $ per head	33.81	23.52	31.65	40.07	35.65	36.13	40.42	55.34	56.96	0.00	0.00
	Sales Ewes 2th Store   $ per head	52.99	36.45	47.48	64.90	51.22	53.06	62.16	67.39	65.12	66.34	62.00
	Sales Steers 1-1.5 Yr Prime $ per head	613	433	382	448	436	584	805	964	1,010	0	0
	Sales Steers 2 Yr + Prime   $ per head	904	675	552	556	606	716	909	1,189	1,233	918	849
	Sales Bulls Beef Prime/Boner $ per head	767	613	501	547	629	745	926	1,133	1,184	0	0
	Sales Cows Prime/Boner        $ per head	528	372	311	329	365	431	628	769	772	0	0
	Sales Bulls Beef 1 Yr Store    $ per head	581	450	353	413	445	500	642	796	854	822	763
	Sales Steers 1 - 1.5 Yr Store  $ per head	619	420	344	363	391	464	621	745	860	656	607
	Sales Heifers 1 - 1.5 Yr Store $ per head	433	311	213	281	252	322	417	559	597	494	453
	Financial Coefficients
	Economic Farm Surplus per hectare	87.71	43.49	42.40	65.73	14.52	51.11	120.29	187.65	241.52	155.84	109.06
	Economic Farm Surplus per stock unit	9.27	4.73	4.61	7.09	1.58	6.09	13.27	20.93	26.66	16.76	11.87
	Rate of Return on Total Farm Capital %	2.9	1.6	1.5	2.2	0.5	1.8	3.7	4.5	4.9	3.5	2.6
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