WMG Livestock
Benchmarking
Enterprise Basics
Average
Top
Average
Effective area (ha)
3342
6100
Area allocated to livestock
65%
Farm ID
Average 1990/91
Top 1990/91
88%
23% was the greatest area allocated to crop
Total livestock value
$681,513
$1,258,433
Total assets managed
$7,436,926
$12,003,969
Return on assets
6.2%
10.6%
135
Return on equity
6.5%
12.9%
111
Gross margin/ha
$312
$538
147
$52.63
$95.03
34‐100%
101
($97 in 2014)
($176 in 2014)
$369
147
(Highest GM/ha = $97 = $179 in 2014)
(Highest = $176 = $325 in 2014)
% Allocated livestock
EBIT/ha
$182
$100 in 1990 = $185 in 2014
Gross Margin $/Effective Hectare vs Age of Operator
$700
GROSS MARGIN $/HA
$600
$500
$400
$300
$200
$100
$‐
35
40
45
50
AGE OF OWNER
55
60
65
Gross Margin vs. 2014 Rainfall
$700
GROSS MARGIN $/HA
$600
$500
$400
$300
$200
$100
$‐
250
300
350
400
450
RAINFALL (MM)
500
550
600
Stock Statistics
Average
Top
Average
Farm ID
12,480
20,629
111
Annual
6.1
9.7
147
July
7.4
11.3
101
Potential
9.6
15.0
% of potential annual
57%
48%
DSE/labour unit
8,063
17,490
Ha/labour unit
1,233
2373
Total Average DSE 2014 1989/90
1990/91
7.63
6.33
Stocking rate
All
147 (104%)
Labour Efficiency
French formula = 1.3 DSEs/Grazed hectare per 25mm rainfall >250mm
e.g. 450mm rainfall = 450‐250 = 200/25 = 8 x 1.3 = 10.4 DSE/ha
Kilograms Phosphorous Applied/Grazed Hectare vs. Stocking Rate
KG PHOSPHOROUS APPLIED
12
10
8
6
4
2
0
0.0
2.0
4.0
6.0
8.0
JULY STOCKING RATE DSE/HA
10.0
12.0
14.0
Cattle
Average
Top
Average
Farm ID
Average 1990/91
Top
1990/91
kg live weight beef/ha
156
249
107
kg beef/100mm rainfall
34
56
107
kg beef produced/ha
230
‐
kg beef/100mm rainfall
45
‐
Breeder/ha
$209
$295
107
$81.46
($150 in 2014)
$128.40 ($238)
Breeder/DSE
$32
$43
130
$12.22
($22.60)
$25.41 ($47)
Trader/ha
$266
‐
Trader/DSE
$29
‐
Beef breeder
Beef trader
Gross margins
Sheep
Average
Top
Average
Farm ID
1990/91 Average
1990/91 Top Farm
1989/90
Top 25%
kg greasy wool/DSE
3.36
4.16
130
4.55
6.83
4.53
kg greasy wool/ha
18.9
31
130
27.20
45.87
36.53
kg clean wool/DSE
2.1
2.6
130
2.85
4.44
2.86
kg clean wool/ha
11.7
19.1
130
17.19
27.28
23.01
Lamb live weight kg/ha
62
104
145
Carcase weight kg/ha
28
47
145
$/ha
$179
$302
120
$47.97
$81.57
($151)
$134.33 ($248)
$/DSE
$30
$38
130
$7.85
$13.47
($25)
$16.63 ($31)
$/ha
$134
$195
145
$/DSE
$30
$37
145
Production
Gross Margins
Wool Lamb
Gross Margin per Hectare 2014
$900
$800
$700
$600
$500
$400
$300
$200
$100
$‐
Beef
Sheep
Wheat
Average
Canola
Top
Barley
Lupins
Cost of Production (COP) &
Earnings Before Interest & Tax (EBIT)
Average
Range
Top #
Top 20% Victoria
COP $/kg clean wool
$21.05
$13.84 ‐ $26.58
111
$15.11
EBIT/kg
$9.49
$4.50 ‐ $17.35
111
$2.97
EBIT/ha
$101
$33 ‐ $176
120
$67
COP $/kg carcase weight
$7.82
$2.32 ‐ $12.87
111
$3.43
EBIT/kg carcase weight
$2.98
‐$0.63 ‐ $5.84
117
$2.67
$66
‐$12 ‐ $130
145
$519
COP $/kg live weight
$1.42
$0.71 ‐ $1.77
107
$0.22
EBIT/kg live weight
$0.53
$0.26 ‐ $1.11 111
$0.52
$76
$25 ‐ $140
107
$336
$0.26
‐
$46
‐
Wool Sheep
Other Sheep
EBIT/ha
Beef Breeder
EBIT/ha
Beef Trader
EBIT/kg live weight
EBIT/ha
EBIT/ha vs Sheep Stocking Rate
$200
$150
$100
$50
$0
0
‐$50
1
2
3
4
5
6
7
8
9
10
Gross Margin $/Effective Hectare
vs. Weeks Spent Off‐Farm
$700
GROSS MARGIN $/HA
$600
$500
$400
$300
$200
$100
$‐
0
0.5
1
1.5
2
2.5
WEEKS OFF‐FARM
3
3.5
4
4.5