Challenging conditions have plagued the Beef Cattle Farming industry over the past five years. Varying weather patterns, fluctuating turnoff rates and government policies have all influenced industry performance over the period. Industry revenue is forecast to grow at an annualised 1.6% over the five years through 2015-16, to reach $12.6 billion. In particular, strong demand for Australian cattle and beef in export markets is expected to boost the industry over the three years through 2015-16. Industry revenue is forecast to grow by 4.3% in 2015-16, supported by ongoing high saleyard prices.
Operators in this industry primarily farm beef cattle. This industry excludes feedlot, mixed livestock farming and grain-sheep or grain-beef farming operations.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.