The contribution of agriculture to the Australian economy can be measured in a number of ways. The most direct measurement available is the gross value of agricultural production for the year ending 30 June. In 1999-2000, the gross value of agricultural production in current prices was $30.2b.

Table 16.6 shows the gross value of agricultural commodities produced for the years 1994-95 to 1999-2000. The values shown are the values of recorded production at the wholesale prices realised in the principal market place. Also shown are chain volume indexes of the value of production, which provide an indication of the change in value after the direct effects of price change are eliminated. Chain volume measures are discussed in the section Chain volume or 'real' GDP in National accounts.

(a) Chain volume indexes are compiled by linking together (compounding) movements in volumes, calculated using the average prices of the previous financial year, and applying the compounded movements to the current price estimates of the reference year, which for these estimates is 1999-2000. (b) Includes pastures and grasses. Excludes crops for green feed or silage. (c) Excludes pigs and poultry in Tasmania and the Northern Territory, prior to 1997-98. (d) Excludes pigs and poultry in the Northern Territory, prior to 1997-98. (e) Includes honey and beeswax. (f) Excludes the Northern Territory prior to 1997-98.(g) Includes pigs and poultry slaughterings in Tasmania and the Northern Territory, and livestock products in the Northern Territory.

Source: Agriculture, Australia (7113.0); ABS data available upon request, Australian National Accounts.

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