Greener pastures: Rising beef and lamb prices have supported industry revenue growth

The Grain-Sheep or Grain-Beef Cattle Farming industry includes farms that either farm sheep and grow grains, or farm beef cattle and grow grains, but not both. Operators sell livestock to meat processors, other farms and feedlots, and sell wool and livestock to export markets. The industry's performance has been volatile over the past five years as fluctuations in annual rainfall have significantly influenced output. In addition, the global supply of industry products dictates price movements, which also influence the industry's performance. However, strong demand for downstream meat products from export markets and rising domestic prices have supported industry revenue growth over the past five years. Overall, industry revenue is expected to increase at an annualised 2.4%...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 14-19
2.4%
Forecast Growth 19-24
Profit
Employment
38,477
Businesses
20,904
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Fluctuations in annual rainfall have contributed to industry revenue volatility
  • Fluctuating annual rainfall has contributed to revenue volatility over the past five years
  • Access to water will continue to be a key issue for industry farmers over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The industry is characterised by low market share concentration. No industry player accounts for more than 5% of industry revenue, indicating high fragmentation in the industry. As with most farming industries, the Grain-Sheep or Grain-Beef Cattle Farming industry has a high percentage of owner-operators, with this group accounting for over 60% of industry operators. Furthermore, almost 94% of industry establishments generate less than $2.0 million in revenue annually. Swings in commodity prices and volatility in weather conditions have contributed to industry consolidation over the past five years...purchase to read more.

    Additional Insights for the Grain-Sheep or Grain-Beef Cattle Farming Industry

    IBISWorld has determined the most important Key Success Factors for the Grain-Sheep or Grain-Beef Cattle Farming are:

  • Ability to alter goods and services produced in favour of market conditions
  • Appropriate climatic conditions
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Level of annual rainfall and Domestic price of coarse grains in the Grain-Sheep or Grain-Beef Cattle Farming industry impact industry performance..

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    What's in this report

    What is the Grain-Sheep or Grain-Beef Cattle Farming Industry?

    Companies in the industry primarily grow grain in conjunction with beef cattle or sheep farming activities. The industry excludes companies that exclusively farm beef cattle or sheep, or grow grain.

    Industry Products
  • Wheat
  • Canola
  • Other grains
  • Beef cattle
  • Lambs and sheep
  • Wool
  • Barley
  • Industry Activities
  • Beef cattle farming and grain growing
  • Sheep farming and grain growing
  • Lamb raising and grain growing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of annual rainfall
  • Domestic price of coarse grains
  • Domestic price of beef
  • Domestic price of lamb
  • Domestic price of wool
  • Demand from poultry farming

  • Current Performance
  • Weather and production
  • Global influences
  • Genetic modification
  • Structure and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Weather and production
  • Global influences
  • Genetic modification
  • Structure and profitability
  • Table: Grain-Sheep or Grain-Beef Cattle Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Grain-Sheep or Grain-Beef Cattle Farming Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sheep Farming
  • Beef Cattle Farming
  • Dairy Cattle Farming
  • Wool Wholesaling
  • Cereal Grain Wholesaling

  • Key Selling Industries
  • Farm and Construction Machinery Wholesaling
  • Livestock and Other Agricultural Supplies Wholesaling
  • Shearing, Cropping and Agricultural Support Services

  • Products & Services
  • Beef cattle
  • Wheat
  • Lambs and sheep
  • Wool
  • Barley
  • Canola
  • Other grains
  • Chart: Grain-Sheep or Grain-Beef Cattle Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Price of downstream substitutes
  • Consumer preferences
  • Primary producers

  • Major Markets
  • Meat processors
  • Export markets
  • Other livestock farmers
  • Feedlots
  • Grain processors
  • Wool wholesalers and processors
  • Chart: Major Market Segmentation for the Grain-Sheep or Grain-Beef Cattle Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Repairs and maintenance
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Grain-Sheep or Grain-Beef Cattle Farming

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Grain-Sheep or Grain-Beef Cattle Farming Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Grain-Sheep or Grain-Beef Cattle Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Grain-Sheep or Grain-Beef Cattle Farming Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Genetically Modified (Gm)
  • Any product in which the genetic make-up has been modified to suit a particular purpose or meet a particular need.
  • Herbicide
  • A substance used in crop farming to get rid of unwanted vegetation.
  • Imputed Wage
  • The estimated labour input of the farm owner, their partner and/or family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Stockfeed
  • Manufactured animal feed, typically supplied to commercial operations such as poultry, beef and sheep farming.
  • Turn-Off
  • The number of livestock farmers sell to abattoirs for slaughter.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Grain-Sheep or Grain-Beef Cattle Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Grain-Sheep or Grain-Beef Cattle Farming:
    • 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 Grain-Sheep or Grain-Beef Cattle Farming 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Grain-Sheep or Grain-Beef Cattle Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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