In 2009-10 the gross value of total ACT agricultural production was $10.7 million, a decrease of 36.2% (or $6.1 million) from 2008-09. At the same time, the local value of ACT's agricultural production decreased by 36.1%.
In 2009-10 livestock disposals contributed 38.5% to the total gross value of ACT's agricultural production, followed by livestock products with 33.1%, and nurseries with 22.8% 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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