Hay and Other Crop Growing in Australia - Market Research Report

Hay and Other Crop Growing industry trends (2014-2019)

poll Average industry growth 2014–2019: -1.6%

The Hay and Other Crop Growing industry has reported strong growth over the past five years. Varying rainfall has presented some challenges to industry operators but overall, weather conditions have positively affected the industry. Severe drought in New South Wales and parts of Queensland and South Australia created a surge in demand for hay as pasture conditions in these regions deteriorated. Many producers could not keep pace with rapidly increasing demand, resulting in hay shortages in 2017-18 that pushed up prices. Hay prices in many regions reached 50-year highs over the three years through 2017-18. Growing international demand for Australian beef and dairy products has also benefited the industry. The growth of downstream industries lifted ind...
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Hay and Other Crop Growing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Weather conditions and demand for hay crops will continue to influence the industry's performance over the next five years. Demand from livestock farms is projected to continue growing as population and income growth across Asia and the Middle East fuels demand for beef and dairy products. Demand for beef and dairy products drives industry growth, as cattle feedlots and dairy farms require large quantities of hay and fodder crops. Rainfall and weather conditions are difficult to forecast, and have the potential to significantly alter the industry's performance. As at October XXX, water storage levels in the Murray-Darling Basin were at XX% of full capacity, down drastically from the previous year. While this amount of water should be sufficient for...
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Hay and Other Crop Growing industry statistics

  • business Number of Businesses: 2,844
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 4,490

Biggest companies in the Hay and Other Crop Growing industry

The Hay and Other Crop Growing in Australia industry has no companies with major market shares. Get the full report to find out why.

What is Hay and Other Crop Growing industry?

Industry Definition

Operators in the industry grow fodder crops such as hay, silage and alfalfa, as well as other niche crops such as peanuts, ginger, coffee, chicory and lavender.

Industry Products and Services

  • Lucerne hay
  • Pasture hay
  • Cereal hay
  • Other hay crops
  • Other non-hay crops

Industry Activities

  • Hay, fodder and silage growing
  • Broom millet growing
  • Chicory and coffee growing
  • Medicinal plant growing
  • Vegetable growing (for fodder)
  • Hops, jute and lavender growing
  • Bamboo growing
  • Mustard, ginger, ramie, lucerne and flax growing
  • Tea growing

Market research report - table of contents

Industry Definition

Operators in the industry grow fodder crops such as hay, silage and alfalfa, as well as other niche crops such as peanuts, ginger, coffee, chicory and lavender.

Main Activities

  • Hay, fodder and silage growing
  • Broom millet growing
  • Chicory and coffee growing
  • Medicinal plant growing
  • Vegetable growing (for fodder)
  • Hops, jute and lavender growing
  • Bamboo growing
  • Mustard, ginger, ramie, lucerne and flax growing
  • Tea growing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The price of wheat feed influences demand for hay and other fodder crops grown by the industry. As wheat feed is often substituted for hay, particularly d...
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Domestic price of wheat feed
Demand from beef cattle feedlots
Level of annual rainfall
Demand from dairy cattle farming

Current Performance

Drought
Downstream demand
Industry structure
 Chart: Revenue Growth

Industry Outlook

Murray-Darling Basin
Industry structure
 Table: Hay and Other Crop Growing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Hay and Other Crop Growing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Beef Cattle Farming in Australia
Dairy Cattle Farming in Australia
Pig Farming in Australia
Livestock and Other Agricultural Supplies Wholesaling in Australia
Beef Cattle Feedlots in Australia


Key Selling Industries

Livestock and Other Agricultural Supplies Wholesaling in Australia
Industrial and Agricultural Chemical Product Wholesaling in Australia





Products & Services

Hay is the main product produced by the Hay and Other Crop Growing industry. Typically, each farm focuses on only one or two types of crops. Each segment ...
Beef cattle feedlots
Produce wholesalers
Other markets
Export markets


Demand Determinants

Demand for hay is strongly linked to the performance of downstream livestock industries and international agricultural industries. The value of the Austra...
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Major Markets

Beef cattle feedlots
Produce wholesalers
Other markets
Export markets



 Chart: Major Market Segmentation for the Hay and Other Crop Growing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Hay and Other Crop Growing industry displays low market share concentration, with no player holding a significant share of the industry. Small farms, ...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Hay and Other Crop Growing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Hay and Other Crop Growing in Australia - Market Research Report Industry

Industry Globalization

The Hay and Other Crop Growing in Australia industry has no major companies. Get the full report to find out why.

Capital Intensity

The Hay and Other Crop Growing industry's low wage costs are reflective of a highly capital-intensive industry. For every dollar spent on capital, an esti...
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 Chart: Level of Capital Intensity for the Hay and Other Crop Growing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Hay and Other Crop Growing in Australia Industry

Industry Revenue (2007-2019)
Industry Gross Product (2007-2019)
Establishments (2007-2019)
Businesses (2007-2019)
Employment (2007-2019)
Exports (2007-2019)
Imports (2007-2019)
Wages (2007-2019)
Hay Production (2007-2019)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

FINISHING

FODDER

HOPS

IMPUTED WAGE

LUCERNE

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Hay and Other Crop Growing industry?

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This report on Hay and Other Crop Growing in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Hay and Other Crop Growing in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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