Industry Analysis & Industry Trends
Dry conditions in the past five years have stifled demand for turf products, as these conditions intensified maintenance costs for turf. Revenue for the Turf Growing industry is forecast to decline by an annualised 1.1% in the five years through 2014-15. This includes growth of 3.5% in 2014-15, to reach $243.0 million. Low annual rainfall during some years has made it difficult for turf growers to operate, as production costs have increased, further constraining profit margins. The industry is comprised of many small, non-employing enterprises, partly due to the industry's low barriers to entry and the absence of considerable economies of scale.
Dwelling commencements have been volatile over the past five years, but have generally trended upwards... purchase to read more
Industry Report - Industry Locations Chapter
Most turf growing capacity is located in Queensland and New South Wales. Industry establishments are mostly located in these states of the warmer tropical weather in these regions, as certain turf varieties such as Sir Walter and green kikuyu grow more rapidly in warmer weather. In addition, these states also have large populations that turf growers can reach. The large populations signify a higher number of residential properties, sporting venues and government institutional buildings to service those populations. As such, turf growers congregate in those areas to be able to provide turf to the property owners.
Turf growers typically select land that is above average in fertility with relatively high and reliable rainfall. Alternatively, the land should have access to irrigation... purchase to read more