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 Locations Chapter
Over the past five years, IBISWorld expects the industry's geographic distribution has remained largely unchanged. The industry is dominated by operators in Queensland, New South Wales and Victoria. The nature of beef cattle farming varies across the country, but occurs in nearly 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 over 90.0% of the nation's largest herds and some of the nation's largest beef cattle farms... purchase to read more