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 Key Buyers Chapter
The Beef Cattle Farming industry is characterised by a low market share concentration. The industry is highly fragmented, with the top four players accounting for well under 40% of industry revenue. The overwhelming majority of operators in the industry are non-employing family businesses, with work carried out by the farm owner and occasionally their family members. IBISWorld estimates that over 85% of industry players fall into this category.
Industry concentration has remained stable over the past five years, with the fall in establishments similar to the fall in enterprises. Some merger and acquisition activity has occurred over the past five years. For example, Lake Woods Holdings acquired the private Cooinda Station in Queensland in 2011... purchase to read more