Meat and Wool Innovation - Economic Service
Last Updated:			Sheep and Beef Farm Survey - Key Coefficients
10-Jul-03			Class 9  All Classes  Taranaki-Manawatu
										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		71	72	72	72	72	69	72	71	74	74	74
	Physical Coefficients
	Effective Area (Hectares)	364	381	383	387	384	411	429	460	467	460	460
	Labour Total	1.64	1.65	1.60	1.51	1.50	1.50	1.55	1.67	1.73	0.00	0.00
	Total SU at Open	3,639	3,886	3,899	3,853	3,775	4,074	4,052	4,326	4,521	4,719	4,594
	Stock Units per Hectare	10.0	10.2	10.2	10.0	9.8	9.9	9.4	9.4	9.7	10.3	10.0
	Production Coefficients
	Lambing Percentage	101.2	103.5	101.9	105.9	111.7	108.7	110.7	111.9	116.7	122.1	116.6
	Hogget Lambs as % of Total Lambs	0.0	0.0	0.1	0.4	1.0	1.2	1.4	2.4	3.0	3.6	2.5
	Calving   Percentage	81.8	79.8	78.9	80.2	81.4	80.2	80.5	83.1	82.5	87.9	86.5
	Fawning Percentage	86.7	81.3	73.3	75.0	75.0	82.6	82.1	81.1	75.6	78.7	75.0
	Shorn Wool Prodn Kg per head	4.90	5.03	4.99	5.31	5.37	5.05	5.30	5.03	5.01	5.11	4.94
	Shorn Wool Prodn Kg per sheep su	5.37	5.52	5.50	5.84	5.86	5.56	5.79	5.51	5.49	5.66	5.46
	Price Coefficients
	Net Wool Price B4 Freight c per Kg	254.3	320.7	300.8	256.7	250.5	246.8	243.9	265.6	295.3	310.7	300.2
	Sales Prime Lambs $ per head	38.61	30.23	35.84	46.30	39.47	43.00	50.46	68.99	72.44	65.22	61.22
	Sales Store  Lambs $ per head	29.77	20.41	25.87	33.71	27.73	31.45	39.33	57.45	60.48	52.07	49.38
	Sales Ewes MA Prime $ per head	30.97	22.66	23.25	33.21	32.17	23.89	24.95	40.13	54.73	48.00	46.02
	Sales Ewes MA Store  $ per head	34.86	25.19	29.67	41.53	36.85	32.91	37.54	52.06	67.68	57.39	56.64
	Sales Ewes 2th Prime  $ per head	36.22	29.06	35.29	43.04	41.05	35.55	41.22	65.04	59.65	0.00	0.00
	Sales Ewes 2th Store   $ per head	45.11	29.44	37.07	49.28	48.40	44.98	56.56	72.17	102.46	81.04	74.60
	Sales Steers 1-1.5 Yr Prime $ per head	707	456	400	451	537	591	908	931	890	0	0
	Sales Steers 2 Yr + Prime   $ per head	880	697	518	524	631	718	920	1,160	1,203	834	784
	Sales Bulls Beef Prime/Boner $ per head	802	666	528	577	650	715	914	1,074	1,150	0	0
	Sales Cows Prime/Boner        $ per head	444	335	277	299	363	390	573	710	728	0	0
	Sales Bulls Beef 1 Yr Store    $ per head	546	513	416	406	474	524	677	778	788	725	672
	Sales Steers 1 - 1.5 Yr Store  $ per head	556	393	316	361	380	412	629	818	803	583	541
	Sales Heifers 1 - 1.5 Yr Store $ per head	416	309	222	223	275	295	497	607	589	476	419
	Financial Coefficients
	Economic Farm Surplus per hectare	73.80	45.22	20.00	70.27	59.42	50.78	110.45	174.87	215.19	169.94	123.69
	Economic Farm Surplus per stock unit	7.38	4.43	1.96	7.06	6.04	5.12	11.69	18.59	22.23	16.57	12.39
	Rate of Return on Total Farm Capital %	2.0	1.2	0.5	2.0	1.7	1.5	3.0	3.7	3.8	3.3	2.6
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