Industry Analysis & Industry Trends
The industry has faced significant volatility over the past five years, with the prices of agricultural inputs and products fluctuating widely. Prices paid for agricultural inputs generally increased strongly until 2007-08 and have decreased moderately from 2008-09. Farm supplies that have followed these price trends include fodder, feedstuff, fuels and lubricants. Revenue from farm outputs sold by the industry, such as raw sugar, hides and leather, and nursery stock also fluctuated over the past five years due to a variety of factors, including drought, world demand and supply conditions. The industry also undertakes livestock auctioning... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a declining phase of its life cycle due to value added growing at a slower rate than GDP, an increasing trend in wholesale bypass and low rainfall. The industry recorded marginal annualised contraction in value added of 0.1% over the 10 years to 2017-18 compared with the economy wide average GDP growth of 2.4% over the corresponding period.
The industry has been affected by considerable drought conditions over the past decade, which affected agricultural output. Rainfall in Victoria, New South Wales and Queensland was low and this forced many farmers to exit the industry resulting in a fall in production... purchase to read more