Farm equity up in strong times for WA grain sector
20 August 2015
Key findings from the 2014-2015 Planfarm Bankwest Benchmarks
Western Australia's farm businesses are in strong financial shape, buoyed by good seasons, higher farm equity levels and stable land values.
The Planfarm Bankwest Benchmarks - the largest survey of its nature in the country - reveals that farm equity is now at 80 per cent, indicating a turnaround for the grain belt after a run of tough seasons.
The average operating profit was $184ha and the top 25 per cent of the state's farm businesses achieved $318ha. The best performing regions were located in a diagonal band through the Central Wheatbelt - stretching from Northam to Jerramungup. The southern regions generally experienced a very good season, while the north of the state was below average.
The state average crop yields for wheat, barley, canola and lupins in 2014 were all above 10-year state averages.
Farm equity up in strong times for WA grain sector (PDF, 550KB)