Farm Revenue, Expenditure, Profit and Drawings - Average Sheep and Beef Farm

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Table : Farm Revenue, Expenditure, Profit and Drawings - Average Sheep and Beef Farm

	90/91 NZ$	91/92 NZ$	92/93 NZ$	93/94 NZ$	94/95 NZ$	95/96 NZ$	96/97 NZ$	97/98e NZ$	98/99f
	NZ$	NZ$	NZ$	NZ$	NZ$	NZ$	NZ$	NZ$
TOTAL FARM REVENUE	133,703	135,077	149,780	167,202	163,000	160,960	176,900	170,000	167,400
TOTAL FARM EXPENSES	104,898	104,012	113,564	118,500	126,028	134,876	139,100	138,200	137,700

FARM PROFIT (before tax*)	28,805	31,065	36,216	48,702	36,972	26,084	37,800	31,800	29,700

Drawings	27,285	27,604	32,188	35,005	37,737	36,075	37,000e	36,000e	35,500e

Notes :
* available to meet drawings, tax, capital repayments and development

Source : NZ Meat and Wool Boards Economic Service
e denotes either NZMWBES or MAF estimate
f denotes either NZMWBES or MAF forecast

Comments:
1 Sheep farm revenue and expenses have grown only slowly since 1990/91
2 Since 1990/91 sheep farm profit before tax has generally fluctuated between $28,805 and $37,800 (1993/94 saw a marked jump in total revenue resulting in an abnormal lift in farm profit to $48,702).
3 The fact that drawings have tracked farm profit (before tax) very closely over the period shown means there have been very limited funds for extra capital repayments and new development.

Manager
Monitoring and Evaluation
MAF Policy
PO Box 2526
Wellington
NEW ZEALAND
Phone: +64 4 894 0623
Fax: +64 4 894 0741
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