business profit is a measure of the internal funds available for new
investment. It takes into account the value of the buildup or decline
in inventories, imputed costs of depreciation and operator and family
labour. The average broadacre farm cash income of $37 300 for 1992-93
translates into an average farm business loss of $10 500. It is the
3rd consecutive year in which average broadacre farm
business profit has been negative.
46% of dairy farms, about 12% of sheep specialists, and about 59% in
the wheat and other crops industry are expected to earn a profit in
1992-93. A little over 25% of all broadacre farms are expected to
make a farm business profit in 1992-92.
OF BROADACRE FARM CASH INCOME
all broadacre shows a drop in income in 192-93 the distribution is
very similar to previous years. The greatest variation have occurred
for "wheat and other crops" and "mixed
livestock-crops" both of which show a very irregular curves for
1992-93. The next largest variation occurs for "sheep-beef"
but "sheep" and "beef" both have similar
distributions to previous years.
the distributions have a long tail towards high incomes and as would
be expected very few farms enjoy these large income levels.