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 Locations Chapter
Over the past five years, the industry's geographic distribution has remained largely unchanged. Farmers in Queensland, New South Wales and Victoria dominate the industry. The nature of beef cattle farming varies across the country, but occurs in all Australian states and territories. The industry is typically discussed according to regions (northern and southern), since operations differ dramatically across the two.
In the northern states, dryer conditions mean that vegetation is sparse and larger areas of land are needed to run cattle. Northern Australia is home to some of the nation's largest herds and beef cattle farms. Queensland dominates the industry and accounts for nearly half of the nation's beef cattle herd... purchase to read more