The fortunes of the Shearing, Cropping and Other Services to Agriculture industry are tied to the farming sector, in particular the beef, sheep and grain growing industries. Consequently, the industry is exposed to changing levels of production and prices of agricultural produce. As a whole, the agricultural sector experienced low and volatile growth over recent years due to shifts in domestic and export market demand, and extreme weather conditions. The drought in 2006-07 negatively affected industry revenue and profits as did the floods of 2010-11. IBISWorld expects the industry to bounce back in 2011-12 due to record crop harvests and a return to favourable weather conditions.
This industry consists of establishments that provide services to agriculture, including shearing, crutching, contract crop harvesting and animal testing.
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.