Following years of losses, the Sheep Farming industry returned to growth for the majority of the past five years. The return of rain in 2009-10 marked the end of the persisting drought. Increased rainfall improved pasture feed, reducing the cost of keeping livestock and allowing farmers to expand production. However, industry revenue has remained volatile, moving in line with fluctuations in commodity prices, rainfall and production. Industry revenue is forecast to grow at an annualised 3.2% over the five years through 2014-15, to reach $3.2 billion.
This industry consists of farms that are primarily engaged in sheep farming. Sheep are farmed for their meat and wool.
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.