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The structure of Victoria’s farm sector When to quit farming? When to sell the farm?

The structure of Victoria’s farm sector When to quit farming? When to sell the farm? Who to sell to?. Many small farms, few large farms. Bulk of farm production comes from largest 25%. Cash surplus and non-farm family income Farms less than $100,000 EVAO.

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The structure of Victoria’s farm sector When to quit farming? When to sell the farm?

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  1. The structure of Victoria’s farm sector • When to quit farming? • When to sell the farm? • Who to sell to?

  2. Many small farms, few large farms

  3. Bulk of farm production comes from largest 25%

  4. Cash surplus and non-farm family income Farms less than $100,000 EVAO

  5. Cash surplus and non-farm family income Farms $100,000-$200,000 EVAO

  6. Farm cash surplus and non-farm family income Farms $200,000-$400,000 EVAO

  7. Farm cash surplus and non-farm family income Farms $400,000+ EVAO

  8. Most farms with turnover > $50,000 managed by someone who describes farming as their main occupation

  9. Slow and steady farm aggregationNumber of Victorian farmers 1971-2006

  10. “men once fully committed to farming leave it reluctantly and slowly[and] young men refuse to enter farming as long as income prospects are poor”

  11. The Victorian dairy industry: entry and exit 1986-96

  12. The Victorian beef industry: entry and exit 1986-96

  13. “One of the problems that is all the time tugging at the heart of farmer of this country is the absence from the farm of the young man. There are many neighbourhoods in which not one in ten of the male members of the community can be truthfully called a young man The farmers are deprived of the earnest, intelligent help which naturally belongs to them, rural society loses one of its best elements, the cities are overcrowded and all parties at interest are losers The shops, the factories, the stores and the offices are swallowing up sturdy young men every where”

  14. Wealth rather than income has the major influence on the decision to sell the farmThe Victorian wool industry 1987-1997

  15. Farm entry is as important as farm exit in determining “adjustment rate”Victorian farm entry and exit rates 1976-2006

  16. Who buys the farm land?

  17. Ratio of land value per hectare to production value per hectare: 1990-1997

  18. Purchases by locals and outsiders

  19. Number of land purchases by persons residing outside the SLA of purchase1996-2001

  20. Number of land purchases by persons residing outside the SLA of purchase2001-2006

  21. Production LandscapeMedian price per hectare ($2006) by property sizeIndexed to 1988

  22. Amenity LandscapeMedian price per hectare ($2006) by property sizeIndexed to 1988

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