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 0.8% over the five years through 2014-15, to reach $5.7 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 by 1.8% in 2014-15, due to improving prices and demand conditions.
Beef cattle farmers have suffered varying weather conditions over the past five years, which has wreaked havoc on profit margins. Arid conditions in early 2009-10, particularly in northern Australia, severely reduced farm output... purchase to read more
Industry Report - Industry Analysis Chapter
The Beef Cattle Farming industry has faced challenging conditions over the past five years, similar to the majority of industries in the Agriculture subdivision. Industry revenue is expected to decline at a compound annual rate of 0.8% over the five years through 2014-15, to $5.7 billion. Volatile input prices, adverse weather conditions and issues regarding live exports have contributed to this decline. Higher domestic beef prices, a weakening Australian dollar and expanding export demand are expected to contribute to industry revenue growth of 1.8% in 2014-15.
Profitability and wage costs
Typical of an agriculture industry, profit margins have been volatile over the past five years. This is due to the industry's susceptibility to external factors... purchase to read more