Economics of Almond Production in Southern Australia
This recently completed HAL project analysed the financial performance of a range of South Australian almond properties, established comparative information and developed benchmarks for economic performance. In all, six properties were analysed. The project has provided:-
indicate a level at which most well managed properties should be able to operate. In some indicators an individual property may be able to do substantially better, while in others they will be more difficult to reach. Analysis of performance indicators should be assessed as a group of indicators, rather than each one in isolation. Table 1: Primary financial performance indicators Performance indicator Performance benchmark Best average 3-yr yields Consistently above 3.2t/ha.
detailed information to project participants, to assist them to identify business strengths and weaknesses feedback to industry on the key management issues that affect business performance a detailed report on major economic factors influencing the viability of the Australian Almond Industry a model allowing development proposals to be assessed against industry benchmarks (see Technology Transfer Web Site reference).
Years to mature return (2.45t/ha)
Mature yield in the sixth year
Years to first return (0.25t/ ha)
First yield in the third year
>$10 000 /ha.
Cash costs/kg of kernel
Using a whole farm approach to examine each business the data was analysed to produce several performance indices. They are categorised into: Total business performance Resource sustainability Cost analysis The primary finding of this project has been the critical financial indicators in almond production and their effect on profitability (Table 1). These performance benchmarks
Cost of machinery depreciation
Less than 100 hectares <$ 450/ha. Greater than 100 hectares<$150/ha.