Australian vegetable growing farms: an economic survey, 2016-17 and 2017-18

Overview \r\n Since 2007 ABARES has conducted an annual survey of vegetable-growing farm businesses to provide industry and government with information about farm-level production and the financial situation of vegetable growers. This web-report present estimates of farm financial performance, farm debt, equity, capital, investment and physical characteristics for the vegetable-growing industry from 2006-07 to 2017-18. \r\n\r\n Key Issues \r\n• In 2017-18 average farm cash income of Australian vegetable-growing farms is estimated to have increased by 12 per cent to $319,000 per farm, the highest in real terms* since ABARES began surveying vegetable-growing farms in 2007. Average farm cash income is estimated to have increased in all states except Queensland and Western Australia. \r\n• The average rate of return (excluding capital appreciation) of Australian vegetable-growing farms is estimated to have increased to 5.9 per cent in 2017-18, following an average return of 4.9 per cent in 2016-17. \r\n• Average debt of Australian vegetable-growing farms decreased by 20 per cent to around $438,000 per farm in 2016-17, mainly because of reduced working capital debt. With reductions in average farm debt the proportion of farm receipts needed to fund interest payments remains low at around 2 per cent. Around one-quarter of vegetable-growing farms held no debt in 2016-17. \r\n• The total value of capital for all Australian vegetable-growing farms decreased by 15 per cent in real terms from 2006-07 to 2016-17 because of a reduction in the number of vegetable-growing farms. From 2006-07 to 2016-17 the total number of Australian vegetable-growing farms fell by 31 per cent. Most of the decline was largely a result of a decline in the number of small vegetable-growing farms planting less than 20 ha. \r\n• Australian vegetable growers made an average of $280 million in new capital investment each year from 2006-07 to 2015-16, in real terms. In 2016-17 vegetable growers made a total of $319 million in new investment, with around half of vegetable-growing farms made capital additions. \r\n * Note: real dollar values are adjusted to remove the effect of inflation. \r\n

概况
自2007年起，澳大利亚农业与资源经济科学局（ABARES）便针对蔬菜种植农场开展年度调查，旨在为行业与政府提供农场级生产情况及蔬菜种植者财务状况相关信息。本网络报告呈现了2006-07至2017-18年间澳大利亚蔬菜种植行业的农场财务表现、农场债务、所有者权益、资本、投资及实体特征相关估算数据。

核心议题
• 据估算，2017-18年度澳大利亚蔬菜种植农场的平均农场现金收入增长12%，达到每家农场31.9万澳元，为2007年ABARES启动蔬菜农场调查以来的实际价值*最高水平。除昆士兰州与西澳大利亚州外，其余各州的平均农场现金收入均实现增长。
• 澳大利亚蔬菜种植农场的平均资产回报率（不含资本增值）据估算在2017-18年度升至5.9%，而2016-17年度的平均回报率为4.9%。
• 2016-17年度澳大利亚蔬菜种植农场的平均债务下降20%，降至每家农场约43.8万澳元，主要原因是营运资本债务减少。随着平均农场债务下降，用于支付利息的农场收入占比仍维持在约2%的低位。2016-17年度约有四分之一的蔬菜种植农场无债务负担。
• 2006-07至2016-17年间，受蔬菜种植农场数量减少影响，澳大利亚所有蔬菜种植农场的资本总价值按实际价值计算下降15%。2006-07至2016-17年间，澳大利亚蔬菜种植农场总数下降31%，这一降幅主要源于种植面积不足20公顷的小型蔬菜种植农场数量减少。
• 按实际价值计算，2006-07至2015-16年间，澳大利亚蔬菜种植者年均新增资本投资达2.8亿澳元。2016-17年度，蔬菜种植者的新增投资总额达3.19亿澳元，约有一半的蔬菜种植农场进行了资本追加投入。
* 注：实际货币价值已通过调整剔除通货膨胀的影响。