The Planfarm Benchmarks is the leading annual report on financial and production performance of broadacre farm business throughout Western Australia.
For many WA broadacre farm businesses, 2018 was one of the most successful in recent memory. Driven by favourable production and high commodity prices, the average farm business generated an operating profit of $324/ha, and an average return on capital of 12.3%.
On the back of such a positive result, the average broadacre farm business ended 2018 with a stronger balance sheet, and an average equity percentage of 85%.
The excellent long-term profitability outlook has increased the confidence in the broadacre farming sector which is now in an incredibly strong position with high prices and profitability, coupled with increasing land values and low interest rates.
To access your 2018 - 2019 Planfarm Benchmarks report please complete the form below.