Difficult field: The industry is struggling to attract young farmers to replace retirees

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 the level of annual rainfall have created shifts in output. The global supply of industry products dictates price movements, which has affected the industry's performance. However, strong demand for downstream meat products from export markets, coupled with rising domestic prices, has allowed the industry to perform well. Overall, industry revenue is expected to grow at an annualised 3.6%...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 13-18
3.6%
Forecast Growth 18-23
Profit
Employment
38,825
Businesses
21,172
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry's performance has been volatile over the past five years due to varying rainfall
  • 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 - Starting a New Business Chapter

    As with most agricultural industries, key inputs are generally readily available. Producers can usually shift between agricultural operations with ease and there are often numerous farms for sale. As a result, only a few barriers to entry are present in the industry.The establishment of a grain-sheep or grain-beef cattle operation does require a substantial amount of capital investment. New participants need to purchase a large area of farmland, silos and heavy machinery such as harvesters and tractors for grain production. This heavy machinery is the most significant cost to new entrants after land, with new large harvesters often costing more than $300,000 each. Liv...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Grain-Sheep or Grain-Beef Cattle Farming Industry 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
  • 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
  • Other grains
  • Canola
  • 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
  • Other local markets
  • 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
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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