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 - Industry SWOT Analysis Chapter
The Beef Cattle Farming industry is in the mature life cycle phase. This is evidenced by slowing growth and limited potential for product innovation or differentiation. Industry value added, a measure of the industry's contribution to the economy, is forecast to grow at an annualised 2.0% over the 10 years through 2019-20. Comparatively, GDP is forecast to grow at an annualised 2.7% over the same period. This slower growth indicates that while the industry still contributes to the economy's growth, its contribution is outstripped by other industries.
Industry consolidation over the past decade has led to larger operations using more-intensive farming techniques. This reflects attempts by producers to minimise long-term average costs to safeguard profit margins... purchase to read more