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Beef Cattle Farming in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Beef Cattle Farming Market Research Report | ANZSIC A0142 | Jul 2016

Cash cow: Demand for Australian beef in overseas markets boosts industry revenue

IBISWorld’s Beef Cattle Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
6.0%
Annual Growth 17-22
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Profit
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Employment
65,246
Businesses
37,100
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Beef Cattle Farming Industry?

Industry operators primarily farm beef cattle. The industry excludes feedlot, mixed livestock farming and grain-sheep or grain-beef farming operations.

Industry Products
Cows and bullsCalvesHeifers and steers
 
Industry Activities
Farming beef cattleGrazing domesticated buffaloDairy cattle agistment and replacement farming


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