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 have all influenced industry performance over the period. Industry revenue is forecast to grow at an annualised 3.1% over the five years through 2015-16, to reach $13.5 billion. In particular, strong demand for Australian cattle and beef in export markets is expected to boost the industry over the three years through 2015-16. Industry revenue is forecast to grow by 12.0% in 2015-16, supported by ongoing high saleyard prices.
Rainfall is the primary determinant of industry performance. Beef cattle farmers have suffered through varying weather conditions over the past five years... purchase to read more
Industry Report - Starting a New Business Chapter
Entry into the Beef Cattle Farming industry is uninhibited. Generally, all inputs are readily available, producers can usually shift between agricultural activities with ease and there are often cattle farms for sale. Nonetheless, there are some impediments to entry.
Potential industry participants can encounter problems raising the necessary finance for entry costs. New entrants must purchase cattle and agricultural land, which is rising in price. Like many agricultural industries, the profitability of beef cattle farming has been falling over the long term. Moreover, farming income is declining relative to income in non-farming sectors of the economy. Given this, traditional financing companies and banking institutions may be reluctant to approve loans for establishment costs... purchase to read more