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 influenced industry performance over the period. Industry revenue is forecast to decline by 1.4% annualised over the five years through 2014-15. However, strong demand for Australian cattle and beef in export markets is expected to boost the industry over the two years through 2014-15. Industry revenue is forecast to grow by 25.6% in 2014-15, to reach $5.5 billion, boosted by a 19.1% jump in 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 - Industry Locations Chapter
Over the past five years, IBISWorld expects that the industry’s geographic distribution has remained largely unchanged. Operators in Queensland, New South Wales and Victoria dominate the industry. The nature of beef cattle farming varies across the country, but occurs in 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 some of the nation’s largest herds and beef cattle farms. Queensland dominates the industry and accounts for nearly half of the nation’s beef cattle herd... purchase to read more