Financial model for the beekeeping industry and its value to the Tasmanian economy

13-Jan-2014

Coupe WE16E.

Calculation sheet for expected beekeepers income.

Table 1: Honey harvest and expected income from one Leatherwood apiary site. Total of 45 hives.

Item Leatherwood kg Other honey kg Total kg @ $
Leatherwood @ 80 kg per hive 3600        
Other floral source @ 10 kg per hive   450      
Totals 3600 450 4050    
Bulk honey     4050 $5.80 $23,490.00
Value added     4050 $15.00 $60,750.00

Table 2: Annual income from 45 hives for bulk sales and value added sales.

Item Bulk $ Value added $
Leatherwood and other honey from Leatherwood site 90 kg/hive 4050 kgs @ 5.80/kg $23,490.00 4050 kgs @ $15.00/kg $60,750.00
Honey harvested before moving to leatherwood site 12 kg/hive 540 kgs @ 5.80/kg $3,132.00 540 kgs @ $15.00/kg $8,100.00
Bees wax @ 1kg per 50 kg honey 81 kgs @ $7.50/kg $607.50 81 kgs @ $10.00/kg $810.00
Pollination services 45 hives @ 110.00/hive $4,950.00 45 hives @ 110.00/hive $4,950.00
Totals
$32,179.50
$74,610.00

Note: The value of the return to beekeepers depends on the mix of product sold by the beekeepers and is seldom at the extremes of the above estimates. Few beekeepers operating in the wedge now sell their honey wholly or substantially in bulk.

Table 3: Value of pollination to horticulture per annum

Item Hives / ha Crop value / ha Hives Total value
Apples1 5 hives/ha $65,000 45 $585,000
Cherries2 5 hives/ha $140,000 45 $1,260,000
Apricots4 5 hives/ha $108,000 45 $1,215,000
Blueberries3 3 hives/ha $200,000 45 $1,800,000
Blackcurrant No figures available
Raspberry No figures available
Strawberry No figures available
Peach No figures available
Pear No figures available
Average horticultural value per ha of pollination by 45 hives P.A. $1,215,000
Total value P.A. of 45 hives to the Tasmanian economy $1,268,000
  • 1 Based on a $1.3M turnover on 20 ha - source = industry grower
  • 2 Based on 14 tonnes per ha @ $10 per kg - source = industry grower
  • 3 Based on 10 tonnes per ha @ $24 per kg - source = industry grower
  • 4 Source = industry grower.