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Interim Australian Cotton Comparative Analysis for the 2016 Season

1 August 2016

EARLY insights show the average cotton grower can expect to pocket about $2,291 a hectare for the 2016 season.

That was the headline finding of theAustralian Cotton Comparative Analysis (ACCA) Interim Results for 2016, released at last week’s Cotton Conference on the Gold Coast.

The ACCA is a management tool for growers produced by Boyce Chartered Accountants in conjunction with the Cotton Research and Development Corporation.

The 2017 Interim results are available to download HERE with the final 2016 ACCA due to be released in the first half of 2017. 

The aim of the study is to collect and critically analyse data that will assist the industry to grow and develop sustainably, through a focus on best practice techniques. Now in its 30th year, the valuable real time data continues to identify shifts and trends within the industry.

The ACCA is a management tool for growers produced by Boyce Chartered Accountants in conjunction with the Cotton Research and Development Corporation.

The interim results showed an operating profit of $2,291 per hectare for the average growers in the study’s sample to date. The all farms average for 2015 was $2,187.

The ACCA’s interim data for 2016 showed cotton’s yield was up this year at 13.04 bales compared to 12.59 for the full year of 2015. While the value of cotton had dropped, the interim results showed the cost of production had dropped, too. The cost to produce a single bale in 2015 was $346.53, compared to $338.85 for 2016.

The ACCA is relied upon by growers to implement change and to identify where effort should be directed on a day to day basis. Now in its 30th year the real time data continues to identify shifts and trends within the industry.

Paul Fisher, a director from Boyce Chartered Accountants at Moree, said although it was recognised that the numbers in the final report will vary from this interim report, it was important to publish these figures before planting of the 2016 crop commenced.

“This will allow growers to compare their individual 2015 results against the 2016 average across the industry and to assist with the financial year 2016/2017 budget process,” Mr Fisher said.

Boyce has worked closely with cotton growers since the industry first emerged in the Gwydir Valley in the 1970’s. With the expansion of the industry in the southern regions, Boyce Wagga Wagga is providing advice to growers with the benefit of experience.

Financial analysis using comparative statistics helps farmers identify relative strengths and weaknesses; accompanying budgets and long term business plans will then focus on ways to overcome weaknesses and build on strengths.

The 2016 Interim results are available on Boyce’s website. The final 2016 ACCA is due to be released in the first half of 2017. 

If you would like to participate in the ACCA contact Sam Bacigalupo on (02) 6752 7799 or Hamish Cullenward on (02) 6971 0600. 

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