Meat and Wool Innovation - Economic Service
Last Updated:			Sheep and Beef Farm Survey - Key Coefficients
10-Jul-03			Class 9  All Classes  Otago/Southland
										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		129	133	134	133	133	130	139	137	137	137	137
	Physical Coefficients
	Effective Area (Hectares)	693	746	728	678	693	693	690	732	788	732	732
	Labour Total	1.57	1.64	1.61	1.53	1.51	1.48	1.57	1.65	1.67	1.67	1.67
	Total SU at Open	3,345	3,887	3,879	3,761	3,794	3,736	3,787	4,141	4,426	4,168	4,214
	Stock Units per Hectare	4.8	5.2	5.3	5.5	5.5	5.4	5.5	5.7	5.6	5.7	5.8
	Production Coefficients
	Lambing Percentage	113.3	114.5	103.0	114.6	123.1	124.2	125.2	125.9	125.5	123.8	122.5
	Hogget Lambs as % of Total Lambs	0.0	0.0	0.0	0.0	0.1	0.1	0.8	0.9	1.8	2.2	2.4
	Calving   Percentage	84.0	83.3	80.6	81.8	88.6	88.2	84.4	77.8	87.8	86.5	86.5
	Fawning Percentage	84.6	90.9	69.2	73.3	84.2	88.9	84.2	78.6	83.3	86.7	86.7
	Shorn Wool Prodn Kg per head	4.98	4.83	4.40	4.68	4.76	5.13	5.16	5.13	5.21	5.08	5.08
	Shorn Wool Prodn Kg per sheep su	5.41	5.27	4.77	5.07	5.16	5.56	5.58	5.55	5.63	5.49	5.48
	Price Coefficients
	Net Wool Price B4 Freight c per Kg	278.7	370.2	337.0	291.0	285.0	270.7	288.4	346.8	338.7	379.0	366.2
	Sales Prime Lambs $ per head	39.66	29.52	32.59	39.21	35.11	34.59	45.45	61.66	67.46	59.54	55.20
	Sales Store  Lambs $ per head	41.64	22.35	28.57	32.79	28.93	25.30	36.96	49.13	57.87	46.75	41.83
	Sales Ewes MA Prime $ per head	25.43	16.65	18.07	27.30	25.38	20.57	23.36	36.42	47.14	40.04	39.41
	Sales Ewes MA Store  $ per head	38.18	24.12	26.58	51.20	38.08	27.15	27.89	42.60	67.75	43.83	38.86
	Sales Ewes 2th Prime  $ per head	38.57	24.56	24.42	31.77	0.00	23.27	34.36	39.88	144.81	0.00	0.00
	Sales Ewes 2th Store   $ per head	70.84	47.19	51.85	66.57	53.68	63.36	0.00	70.08	96.95	0.00	0.00
	Sales Steers 1-1.5 Yr Prime $ per head	623	420	376	340	373	518	657	987	901	0	0
	Sales Steers 2 Yr + Prime   $ per head	758	615	458	429	451	548	788	926	1,049	737	679
	Sales Bulls Beef Prime/Boner $ per head	688	572	414	396	500	573	754	837	953	0	0
	Sales Cows Prime/Boner        $ per head	561	385	268	262	311	402	547	675	673	0	0
	Sales Bulls Beef 1 Yr Store    $ per head	0	466	0	451	0	0	0	756	0	749	737
	Sales Steers 1 - 1.5 Yr Store  $ per head	571	528	275	183	312	219	475	709	668	626	596
	Sales Heifers 1 - 1.5 Yr Store $ per head	494	583	297	199	291	290	385	445	458	551	498
	Financial Coefficients
	Economic Farm Surplus per hectare	50.01	30.08	13.49	44.89	40.92	27.26	81.62	130.03	151.94	115.03	95.96
	Economic Farm Surplus per stock unit	10.36	5.77	2.53	8.09	7.47	5.06	14.87	22.99	27.05	20.20	16.67
	Rate of Return on Total Farm Capital %	2.8	1.7	0.8	2.5	2.4	1.6	4.1	4.6	4.3	3.7	3.2
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