Grain-Sheep or Grain-Beef Cattle Farming in Australia - Industry Market Research Report

Wet Season: Higher Rainfall Has Beefed Up Industry Revenue After Previous Volatility

Grain-sheep or grain-beef cattle farms are farms that either farm sheep and grow grains, or farm beef cattle and grow grains, but not both. Farmers sell livestock to meat processors, other farms and feedlots, and sell wool and livestock to wholesalers, processors and exporters. Grain-sheep and grain-beef cattle farmers' performance has been volatile over the past five years, as fluctuations in annual rainfall have significantly influenced output. In addition, diplomatic tensions with China over the past three years have led to various trade barriers being imposed on a variety of agricultural products, including barley and beef. Overall, industry revenue is expected to rise at an average annual rate of 6.1% over the five years through 2022-23, to $14.8 billion. This trend includes an anticipated drop in revenue of 0.9% in 2022-23, as prices for lambs and beef cattle fall from two year highs.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.