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Farm financial performance

Citation

Martin, P and Mues, C and Phillips, P and Shafron, W and Van Mellor, T and Kokic, P and Nelson, R and Treadwell, R, Farm financial performance, Australian Commodities, 14, (1) pp. 179-200. ISSN 1321-7844 (2007) [Refereed Article]

Abstract

» Severe drought across southern and central Australia is projected to reduce farm incomes in 2006-07 to their lowest level in over thirty years. » Farm cash incomes for grain forms in New South Wales, South Australia and Victoria are estimated to have fallen the most, and the dairy industry has also been particularly affected. » Most Australian forms entered 2006-07 with relatively high farm equity. However, a large increase in the proportion of forms recording negative farm cash incomes in 2006-07 is likely to result in significant increases in farm debt. » Continued strong prices for major commodities, particularly grains and beef, together with high levels of form investment in recent years, remain positive factors supporting farm income recovery and farm values after 2006-07. » While financial performance is obviously important to farmers' ability to manage the impact of the current drought, human social and biophysical factors are also important contributors to the resilience of farm businesses.

Item Details

Item Type:Refereed Article
Keywords:agricultural finance; debt; financial system; income; investment; Australasia; Australia; New South Wales; Victoria [Australia]
Research Division:Agricultural and Veterinary Sciences
Research Group:Agriculture, Land and Farm Management
Research Field:Sustainable Agricultural Development
Objective Division:Environment
Objective Group:Land and Water Management
Objective Field:Farmland, Arable Cropland and Permanent Cropland Land Management
Author:Nelson, R (Associate Professor Rohan Nelson)
ID Code:84764
Year Published:2007
Deposited By:Tasmanian Institute of Agriculture
Deposited On:2013-05-30
Last Modified:2013-05-30
Downloads:0

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