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 all influenced industry performance over the period. Industry revenue is forecast to grow at an annualised 1.6% over the five years through 2015-16, to reach $12.6 billion. In particular, strong demand for Australian cattle and beef in export markets is expected to boost the industry over the three years through 2015-16. Industry revenue is forecast to grow by 4.3% in 2015-16, supported by ongoing high 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 SWOT Analysis Chapter
The Beef Cattle Farming industry is in the mature life cycle phase. This is shown by the industry's integral role in the food supply chain and limited potential for product innovation or differentiation. Industry value added (IVA), a measure of the industry's contribution to the economy, is forecast to grow at an annualised 2.0% over the 10 years through 2020-21. Comparatively, GDP is forecast to grow at an annualised 2.8% over the same period. This minor underperformance relative to the economy is typical of mature industries. Generally, mature industries are contracting slightly as a share of the economy, but remain positive contributors to GDP.
Industry consolidation over the past decade has led to larger operations using more intensive farming techniques... purchase to read more