Industry Analysis & Industry Trends
Over the past five years, unfavourable weather conditions have constrained revenue growth for the Citrus, Banana and Other Fruit Growing industry. Production output was severely constrained in 2010-11 by flooding and cyclones, particularly in Queensland, which contributed to revenue volatility over the past five years. Many farmers were able to replant crops soon after the wet conditions of 2010-11, which limited the spillover effect into the following year. Revenue is projected to grow at an annualised 0.5% over the five years through 2014-15, to reach $2.7 billion. Industry revenue is forecast to grow 3.7% in 2014-15. A... purchase to read more
Industry Report - Industry Investment Chapter
The industry's wage costs indicate a highly capital-intensive industry. For every dollar spent on wages for hired labour, the average industry operator spends an estimated $0.37 on capital items. However, the industry's wage costs do not include imputed wages of farm owners. Many owner-operators rely on drawings from profit for their income, rather than a traditional wage. Consequently, the industry's wage costs underrepresent its reliance on labour. When imputed wages are accounted for, it becomes clear the industry is moderately capital intensive.
The level of capital intensity is expected to rise in the next five years. Labour requirements will fall as the industry moves towards more intense production systems... purchase to read more