Industry Analysis & Industry Trends
The Beef Cattle Farming industry has come up against some tough conditions over the past five years. Industry revenue is expected to fall at a compound annual rate of 3.4% over the five years through 2013-14, to reach $5.5 billion. Varying weather patterns, volatile input prices and issues surrounding the welfare of live animal exports have contributed to this decline. However, the Beef Cattle Farming industry is expected to grow 3.3% in 2013-14 due to improving conditions.
Beef cattle farmers have suffered varying weather conditions over the past five years, which has wreaked havoc on profit margins. Arid conditions in 2008-09 and early 2009-10, particularly in northern Australia, severely reduced farm output... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Beef Cattle Farming industry is characterised by a low level of market share concentration. The industry is highly fragmented, with the top four players accounting for well under 40% of industry revenue. The overwhelming majority of operators in the industry are non-employing family businesses, with work carried out by the farm owner and occasionally their family members. It is estimated that over 85% of industry players fall in this category.
Industry concentration has remained stable over the past five years, with the fall in establishments similar to the fall in businesses. Some merger and acquisition has occurred over the past five years. For example, Lake Wood Holdings acquired the private Cooinda Station in Queensland in 2011... purchase to read more