Australian vegetable growers’ income expected to fall
Australian vegetable growing businesses average cash income is estimated to have fallen to $103,000 per farm in 2012-13. This represents a 29 per cent decrease from 2005-06, and is 41 per cent lower than the five year average to 2012-13.
“These findings clearly illustrate that Australia’s vegetable growers are doing it tough,” said Mr Kurt Hermann, AUSVEG spokesperson. “Estimates suggest that average vegetable business profits have fallen from $60,200 in 2011‑12 to a deficit of $10,000 in 2012-13. This is an approximate reduction in business profit of 117 per cent from the previous year,” said Mr Hermann.
“Reduced vegetable production volumes, due to below average rainfall at the time of planting, has been a major contributing factor to the expected decline in vegetable growers’ income in 2012-13.”
“This is troublesome news for the vegetable industry, with rising production input costs and lower profits already squeezing many Australian vegetable growers out of the industry. Growers in the bottom 25 per cent when ranked by rate of return had an estimated average loss of $101,200 in 2011-12,” said Mr Hermann.
For more information:
Kurt Hermann
Ausveg
Phone: +61 (03) 9882 0277
Email: [email protected]
www.ausveg.com.au
