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Completed project

Financial performance of Australian vegetable farms 2016-2017 to 2018-2019 (VG15077)

Publication date: September 24, 2020

Delivery Partner: ABARES

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    What was it all about?

    From 2016 to 2019, this project conducted annual economic surveys which provided industry with key financial and performance data on Australian vegetable-growing farms.

    Key insights from the latest report 2017/18 to 2018/19 include:

    • In 2017–18, small vegetable-growing farms (less than 5 hectares) accounted for 12 per cent of the gross value of vegetable production and large vegetable-growing farms (more than 70 hectares) accounted for 59 per cent.
    • The average rate of return of Australian vegetable-growing farms is estimated to have remained steady at 3.9 per cent in 2018–19.
    • Although the majority of production is for domestic markets, vegetable exports contributed about 1 per cent ($385 million) of Australia’s agricultural export income in 2017–18.
    • In 2017–18, nearly one-half of all vegetable growers sold their produce to a wholesale vegetable market.
    • In 2017–18, around one-third of Australian vegetable-growing farms indicated their intention to increase irrigation water use in the future, primarily by purchasing additional water entitlements.
    • The cost of labor makes up a considerable proportion of total costs for all vegetables.
    • Nearly all vegetable growers have implemented a pest and disease monitoring program.

    The project follows the investment Financial performance of Australian vegetable farms 2013-14 to 2015-16 (VG13068), whicih hosts information and reports from the past project.

    ACT NOW

    Download the latest report, Australian vegetable-growing farms: An economic survey 2017/18 to 2018/19, released in November 2019.

    Download the previous years report, Australian vegetable-growing farms: An economic survey 2015/16 to 2016/17, released in December 2017.

    Further information is available from the Australian Government’s Department of Agriculture and Water Resources here.

    Project outputs
    Australian vegetable-growing farms: An economic survey 2017/18 to 2018/19
    Australian vegetable-growing farms: An economic survey 2015/16 to 2016/17
    ABARES Vegetable Industry data and reports (external link)
    Details

    This project was a strategic levy investment in the Hort Innovation Vegetable Fund

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