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Australian lamb: Financial performance of slaughter lamb producing farms, 2012-13 to 2014-15

This report presents detailed financial performance of slaughter lamb producing farms in 2012-13, 2013-14 and 2014-15 and discusses productivity in a historical context. The report was commissioned by Meat & Livestock Australia (MLA) and expands on results that were published in Agricultural Commodities (March quarter 2015) and the Australian farm survey results 2012-13 to 2014-15 report released in March 2015.

Key Issues
• Most farms producing lambs for slaughter are mixed enterprises, deriving receipts from cropping, beef cattle, sheep and wool and from the sale of slaughter lambs. • Farm cash income of specialist slaughter lamb producing farms, those farms most reliant on lamb production, is estimated to have increased from an average of $80 900 a farm in 2013-14 to $98 300 a farm in 2014-15. This increase was mainly a result of higher prices for lambs and sheep. • Farm cash incomes and business profit of all slaughter lamb producers are estimated to have fallen in 2014-15 compared with 2013-14. Reduced grain production in 2014-15 is estimated to have resulted in lower average total receipts of slaughter lamb producing farms despite an increase in sheep and lamb receipts mainly a result of increased prices. Average farm cash income of slaughter lamb producers is estimated to have declined by 8 per cent from an average of $180 100 a farm in 2013-14 to $166 000 a farm in 2014-15, in real terms. • Farm debt of slaughter lamb producing farms averaged $649 577 a farm in 2013-14, slightly more than that in 2012-13 ($641 400). Farm debt is estimated to have reduced in 2014-15 compared with 2013-14 as a result of loan repayment and reductions in new borrowings. • Asset values and new investment remain high for slaughter lamb producing farms and while debt is also high, equity ratios and debt servicing are in line with long-term averages.

Data and Resources

Additional Info

Field Value
Title Australian lamb: Financial performance of slaughter lamb producing farms, 2012-13 to 2014-15
Type Dataset
Language English
Licence Creative Commons Attribution 4.0 International
Data Status inactive
Update Frequency annually
Landing Page https://data.gov.au/dataset/6e3dfbef-11e2-4b4f-897b-1295ba75e557
Date Published 2018-07-12
Date Updated 2018-07-12
Contact Point
Australian Bureau of Agriculture and Resource Economics and Sciences
02 6272 3933
dataman@agriculture.gov.au
Temporal Coverage 2015-07-22
Geospatial Coverage Australia
Jurisdiction Commonwealth of Australia
Data Portal data.gov.au
Publisher/Agency Australian Bureau of Agriculture and Resource Economics and Sciences
Geospatial Topics Farming
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