Industry Analysis & Industry Trends
Testing 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 4.0% 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 11.5% in 2014-15, to reach $4.8 billion.
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 - 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