Industry Analysis & Industry Trends
The Organic Farming industry provides a variety of products including beef, fruit, vegetables and poultry. These products are free from artificial chemicals, pesticides and fertilisers, or genetically modified organisms. Organic farming has been one of the economy’s best performing industries over the past five years. Global demand for organic produce is rising due to increasing health concerns about food. Industry revenue is projected to grow at an annualised 17.4% over the five years through 2016-17. Revenue is forecast to reach $919.2 million in 2016-17, up 7.2% from the previous year.
Australia has the largest area of organic farmland in the world, covering more than 22.0 million hectares. Most of this land is large rangelands for organic cattle farming... purchase to read more
Industry Report - Industry Investment Chapter
The industry's wage costs indicate a highly capital-intensive industry, with $0.74 of capital investment required for each dollar spent on labour. However, owner-operators carry out a significant portion of labour tasks required by the industry. These farmers often rely on drawings from profit for income and do not pay themselves a traditional wage. Consequently, the industry's wage expenses underrepresent the actual cost of labour. Despite this, even when the cost of imputed wages is accounted for, it is clear the industry's capital requirements are high. Thus, the industry is expected to be highly capital-intensive... purchase to read more