Publication Date

2005

Publisher

Department of Agriculture, Western Australia

City

Perth

Abstract

The Western Australian Department of Agriculture has prepared this 2005 booklet with the following aim:

To provide budgeting information for farmers, agribusiness, and other students of agriculture to enhance understanding and more informed decision making.

It builds on a previous similar booklet - "Gross Margins Guide 2003" - which was produced in 2002 with Commonwealth Bank sponsorship. 2,500 copies of that booklet were produced and gained wide readership. Gross margins for broad area agriculture had not been published by the Department for the previous 1 O years. Feedback and further requests suggested that an update was necessary - hence this 2005 version.

Regional economists of the Department of Agriculture have produced these new sets of gross margins to 'represent' the different farming system zones of the agricultural areas. Similar information on the high rainfall zone (> 650 mm annual rainfall) including horticultural crops was produced in Miscellaneous Publications 13/98 and updates can be found by contacting Regional Economists of the Department of Agriculture in Manjimup or Bunbury. Regional Economists in Carnarvon and Kununurra also prepare budgets for specific enterprises conducted in those sub-tropical and tropical zones.

Gross Margins are a rather shallow treatment of the complex world of farm financial budgeting and performance. Readers are encouraged to look at gross margins in the context of the total farm financial situation- where whole farm cash flow budgets and balance sheets will give an improved overall view of finances. However, gross margin analysis is often the first step in assessing enterprise 'profitability'. By publishing the estimates in this booklet, we provide farmers and advisers with a checklist of possible input costs in relation to expected returns.

Number of Pages

104

Keywords

Agribusiness, Western Australia, Farming, Budgets

Disciplines

Agribusiness | Agricultural Economics | Agricultural Education | Business Administration, Management, and Operations | Finance and Financial Management | Natural Resource Economics

Comments

Replaces Miscellaneous Publication 18/2002.

Representative gross margins for crop and livestock enterprises of the agricultural regions of Western Australia

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