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 - Starting a New Business Chapter
Entry into the Beef Cattle Farming industry is fairly uninhibited. Generally, all inputs are readily available, producers can usually shift between agricultural activities with ease and there are often a number of 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 are required to purchase cattle and agricultural land, which is rising in price. Like many agricultural industries, profitability of beef cattle farming has been falling over the long term. Moreover, farm income is declining relative to income in the non-farm sector of the economy... purchase to read more