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 - Starting a New Business Chapter
Entry into the Beef Cattle Farming industry is largely 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... purchase to read more