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Australian Lamb Report: 2012-13

Australian Lamb - 2012-13 Report

Categories: Sheep & lambs

The average financial performance of Australian slaughter lamb producing farms is expected to weaken in 2012-13 but remain above the long-term industry average. This is due to significantly lower prices received for slaughter lambs, sheep and wool despite increased turn-off as seasonal conditions become drier. Average farm cash income for Australian slaughter lamb producing farms is projected to decrease from an average of $172 000 per farm in 2011-12 to $139 000 per farm in 2012-13, still around 13 per cent above the average for the 10 years ending 2012-13 in real terms.

Australian slaughter lamb producers are estimated to be in an above average financial position in 2012-13. Improved seasonal conditions in 2010-11 and 2011-12 have resulted in increased sheep and lamb numbers. High farm cash incomes in these years have resulted in record investment in land, vehicles, plant, machinery and improvements in recent years. This should provide a basis to further increase farm productivity and, together with strong farm equity, underpin farm financial performance over the medium term despite dry seasonal conditions and lower prices in 2012-13



Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879