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Catalogue: GRDC Updates
Over the last 10 years farm income per hectare increased about 50 % it is offset by an increase in cost per hectare of crop inputs, machinery and finance... The increase in farm costs, when combined with increased seasonal income volatility, results in tighter financial margins per hectare and increases the complexity of decision making... The ORM data included 14 Victorian Mallee farms and showed that over the last 10 years their income had increased and costs had doubled while the surplus remained similar...
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