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Beef Cattle Farming in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Beef Cattle Farming Market Research Report | ANZSIC A0142 | Jul 2016

Cash cow: Demand for Australian beef in overseas markets boosts industry revenue

IBISWorld’s Beef Cattle Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
6.0%
Annual Growth 17-22
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Profit
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Employment
65,246
Businesses
37,100
Industry Analysis & Industry Trends

Challenging conditions have plagued the Beef Cattle Farming industry over the past five years. Varying weather patterns, fluctuating turnoff rates and government policies abroad have all influenced the industry's performance over the period. However, immense saleyard price growth has helped the industry post a strong financial performance. Industry revenue is forecast to grow at an annualised 6.0% over the five years through 2016-17, albeit from a low base. Strong demand for Australian cattle and beef in export markets helped boost industry revenue over the three years through 2015-16. Industry revenue is forecast to grow by 5.0% in 2016-17 to $13.4 billion, supported by ongoing high saleyard prices... purchase to read more

Industry Report - Industry Investment Chapter

The industry's low wage costs indicate a highly capital-intensive industry. For every dollar spent on wages, the average industry player invests an estimated $3.31 in capital. However, owner-operators carry out the majority of labour tasks required by the industry. Since many farmers do not pay themselves a wage, the industry's wage expenses under-represent the actual income earned per employee. Despite this, the industry remains highly capital-intensive when imputed wages are accounted for. In 2016-17, the average beef cattle farmer is anticipated to invest $0.52 in capital for every dollar allocated to imputed and hired labour wages... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Beef Cattle Farming Industry?

Industry operators primarily farm beef cattle. The industry excludes feedlot, mixed livestock farming and grain-sheep or grain-beef farming operations.

Industry Products
Cows and bullsCalvesHeifers and steers
 
Industry Activities
Farming beef cattleGrazing domesticated buffaloDairy cattle agistment and replacement farming


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