How to Calculate GVP

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How to Calculate GVP

AgForce membership services and fees for full members is determined by your gross value of production (GVP) over a rolling 5-year average.

Take the below into consideration when calculating yours.

 

Grains and Wool

The gross value of production (GVP) of a cash crop enterprise is the total value of the production from that enterprise. It is calculated as follows:

Gross sales (including all advance, intermediate and supplementary payments)
+ Insurance received as a result of crop losses
+ Produce consumed by household (and donations)
+ Produce consumed by labour
+ Seed and feed used on the farm (internal transfers)
+ Stock adjustments (closing stocks minus opening stock).

 

Cattle and Sheep

GVP here is the total production value of livestock products plus trading income plus the livestock inventory change. It is calculated as follows:

Gross sales of livestock (including all advance, intermediate and supplementary payments)
+ Insurance received for livestock losses
+ Livestock consumed by household/farmworkers
+ Items consumed by other enterprises (internal transfers)
– Livestock purchases
+ Inventory change. That is, the closing value of livestock minus the opening value of livestock.

How to Calculate GVP

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