In 2009-10 the gross value of total NT agricultural production was $380.1 million, a decrease of 2.5% (or $9.7 million) from 2008-09. At the same time, the local value of NT's agricultural production recorded a decrease of 2.6%.
In 2009-10 livestock disposals contributed 75.8% to the total gross value of NT's agricultural production, followed by fruit with 12.8% and vegetables with 5.9% respectively.
Do you know how the value of your state or territory's agricultural output is determined?
The gross value of agricultural commodities produced (VACP) is the value placed on recorded agricultural production at the wholesale prices realised in the market place.
The local value is the value placed on commodities at the point of production (i.e. farm gate). It is calculated by deducting marketing costs from the gross value of commodities produced. Marketing costs may include freight, cost of containers, commission and other marketing charges.
Quantity data for most agricultural commodities are collected from ABSagricultural surveys or the Agricultural Census. Remaining commodity data are obtained from non-ABS sources, and are comparable across time.
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