The contribution of agriculture to the Tasmanian economy can be measured in a number of ways. The most direct measurement available is the gross value of agricultural production, which is the value placed on recorded production at wholesale prices realised in the market place. In 1999-2000, the gross value of agricultural production for Tasmania was $691m.
Other measures of the contribution of agriculture to the economy include:
- Gross Farm Product (GFP), which is a measure of the value added in production by farm businesses. In 2000-01 the GFP for Tasmania was calculated to be $525m, or just over 4.5% of Gross State Product;
- aggregate turnover, which is the sum of receivals from sales of crops, sales of livestock and livestock products, rent and leasing revenue and other miscellaneous revenue, as collected in the Agricultural Finance Survey. In 1999-2000, aggregate turnover for Tasmanian farm businesses was estimated to be $675m;
- the number of persons employed by farm businesses, as collected in the Agricultural Finance Survey, which for 1999-2000 was 8,735 persons; and
- the value of exports of agricultural commodities from Tasmania (i.e. export products sourced from the agriculture industry), which amounted to $85m in 2000-01.
GROSS FARM PRODUCT, Tasmania
|
 | 1996-97 | 1997-98 | 1998-99 | 1999-2000 | 2000-01 |
| | | | | |
| $m | $m | $m | $m | $m |
|
| Gross Farm Product (GFP) | 421 | 424 | 499 | 499 | 525 |
| Gross State Product (GSP) | 10,401 | 10,666 | 11,206 | 11,326 | 11,593 |
| GFP as % of GSP | 4.05 | 3.98 | 4.45 | 4.40 | 4.52 |
Source: Australian National Accounts, State Accounts (Cat. no. 5220.0). |
Farm employment
Farm finances
Value of agricultural production
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