Industry Analysis & Industry Trends
Organic farming is blossoming and has been one of the economy's best performing industries over the past five years. Global demand for organic products is rising with increasing health consciousness, growing concern for the environment, income growth and the increased convenience of organic food. Over the five years through 2013-14, industry revenue is expected to grow by an annualised 12.1%. Revenue is forecast to reach $557.0 million in 2013-14, up 11.2% from the previous year. The industry provides a wide variety of products, with the key performers being beef, fruit, vegetables and poultry... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to enter the Organic Farming industry are moderate, mainly due to the lengthy certification process and conversion costs. The barriers to entry are expected to decline as organic farming becomes more established and new industry players have a greater network of resources to draw upon.
Some farmers are deterred by the difficulty and potentially lower income involved in the conversion process to organic farming. Full organic certification requires a farmer to produce organically in accordance with all requirements of the organic standard for at least three years.
The period of conversion usually involves a drop in farm income. Over this period, there may be a decline in yield but no balancing increase in the price received for produce... purchase to read more