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7501.0 - Value of Principal Agricultural Commodities Produced, Australia, Preliminary, 2008-09 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 09/02/2010   
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GLOSSARY

Broadacre crops

Crops that are typically grown on a broad scale. They include, for example, cereals for grain, cotton, hay, lupins for grain, oilseeds and sugarcane cut for crushing.

Dead wool

Wool gathered or plucked from sheep which have been dead for some time.

Disposal

Refers to the stage in livestock production, usually in the pork and poultry industries, where animals are grown on a contract basis for others and then disposed of (not sold) when finished.

Gross value of commodities produced

In this publication, also referred to as the value of agricultural commodities produced (VACP), this is the value placed on recorded production at the wholesale prices realised in the market place.

Livestock slaughterings and other disposals

These values are published as one figure but include two distinct components:

  • value of livestock slaughtered; and
  • value of net exports, i.e. the total value of livestock intended for slaughter in adjacent state(s) where available (at present these can only be identified between the Northern Territory and adjacent states) and livestock exported overseas whether for slaughter or breeding, minus the value of imports of livestock.

Local value of commodities produced

The value placed on commodities at the point of production (ie farm gate). It is calculated by deducting marketing costs from the gross value of commodities produced. Gross and local value of agricultural commodities produced involve some duplication as they include certain agricultural commodities which are consumed as raw materials to produce other agricultural commodities (ie hay consumed by livestock).

Market place

In general, is the metropolitan market in each state. In cases where commodities are consumed locally, or where they become raw material for a secondary industry, these points are presumed to be the market place.

Value of agricultural commodities produced (VACP)

The value placed on recorded production at wholesale prices realised in the marketplace. Generally referred to as gross value of production.


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