Milk production is projected to have been relatively unchanged in 2019–20, while expenditure on purchased feed is projected to have increased because of higher fodder prices and lower feed availability due to dry conditions and severe frosts. Most dairy production occurs in south-eastern Australia. a Excluding capital appreciation. However, they pay the same price for milk, respectively, as the milk is packaged in private label or branded products. Dairy farms using a split calving pattern produced larger milk volumes on average over the 5 years to 2018–19. These farms were typically handed down through the family. On average over the 3 years to 2018–19, around 64% of dairy farms earned off-farm income, at an average value of $27,600 per farm, equivalent to 18% of total household income (for farms with off-farm income) (Table 2). Appropriate consideration of the long-term factors is essential when interpreting changes in farm cash income over periods longer than 3 to 5 years. On a per farm basis, the value of total capital has increased by 171% since 2000–01, to an estimated $5.6 million in 2018–19, largely because of increasing average farm sizes and overall appreciation in land values. Dairy Australia set up Regional Development Programs (RDPs) … Boxes represent the middle 50% of farms. Over the 10 years to 2018–19, the proportion of dairy farms recording negative farm business profit averaged 49% a year. Debt is an important source of funds for farm investment and ongoing working capital for many dairy farms. You are currently browsing Dairy Australia, to view news and information in your region select from the below: Get an overview of key dairy farm statistics from around Australia on the number of cows and farms. Thanks! p Preliminary estimate. In 2019–20 around 72% of farms are projected to have recorded a positive rate of return (excluding capital appreciation) and an estimated 29% of farms are projected to earn rates of return greater than 5%. Their aim is not only set for their inhouse-branded milk but other dairy products as well. If this sounds like you, and you are looking to join a collaborative team that is passionate about innovation and growth, apply now! Australia is a rather large exporter of milk globally. Investment in farm capital is important for the ongoing development of the Australian dairy industry. Agricultural productivity estimates are available for the dairy industry. Average milk production per farm increased from 2000–01 to 2018–19 (Figure 28). This tableau figure may not meet accessibility requirements. Based on preliminary estimates. A majority of dairy farmers in the Subtropical, New South Wales and Western Australia regions reported below average or drought seasonal conditions in 2018–19 and 2019–20 (Figure 8). If you have a passion for... A Farm Manager is required for a large dairy goat farming operation situated in Gippsland, Victoria. Falling farm numbers reflect a trend in agriculture around the world. Definitions and description of data source are provided in Box 1. Boxes represent the middle 50% of farms. Over the 3 years to 2018–19, land purchases accounted for the largest proportion of dairy farm debt, around 40% on average (Figure 14). Farm investments are usually made with longer-term outcomes in mind and based on expected returns over the life of the investment. Because milk has a short-life and is hard to differentiate it from other same-animal milk. events, Disaggregating farm performance statistics by size, Measuring Australian broadacre farmland value, Value of agricultural commodities produced, Australia, 2018–2019, ABARES Statement of Professional Independence, © Department of Agriculture, Water and the Environment, Off-farm income as a proportion of farm household income, Milk receipts as a proportion of total receipts. Falling farm numbers reflect a trend in agriculture around the world. When changes in the value of capital items are included, the average rate of return for dairy farms over the 10 years to 2018–19 increases from 2.4% to 2.9% and 75% of farms earned a positive rate of return. This variation is quite distinct from measures of farm business ‘risk’ – which is defined as the variation in returns or profits over time for individual farm businesses. Farm performance: broadacre and dairy farms. So don’t be surprised if you do have two shifts per day.

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