by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Australian Cattle Council : Yearbook 2015
YEARBOOK2015 CATTLE COUNCIL OF AUSTRALIA 10 Minister's Foreword With new trade opportunities and strong global demand, these are exciting times for Australia’s beef cattle industry. In 2014 -15 the industry contributed $11 billion1 to our economy, and with around 70,000 beef producing farms across Australia, the sector is vital to the livelihood of many of our rural and regional towns. The Australian Government is committed both to creating opportunities for the sector, and to putting in place the right policy settings and practical measures to support producers to capitalise on them. We have been working hard to drive better returns at the farmgate, and to deliver our cattle exporters access to the broadest possible range of quality international markets. Premium product, premium markets, premium prices I believe our beef industry produces the best in the world. The quality of Australian beef and livestock is not only appreciated domestically, but across the globe. Supported by strong international demand, the Australian weighted average saleyard price of beef cattle is forecast to increase by 37 per cent to average 500 cents a kilogram in 2015-16 – the highest in real terms since the early 1980s2 . Better farmgate returns have helped farm cash incomes of beef cattle producers increase strongly in 2014-15. In northern Australia, farm cash income for beef cattle producing farms is estimated to have increased from an average of $74,700 a farm in 2013 -14 to an average of $148,000 a farm in 2014 -15. This is around 50 per cent above the average for the previous 10 years, in real terms. 3 In southern Australia, farm cash income of specialist beef cattle producing farms, those farms mainly reliant on beef cattle production, is estimated to have increased from an average of $38,100 a farm in 2013-14 to $64,000 a farm in 2014 -15. This is around 35 per cent above the average for the 10 years ending 2013-14. 4 Our beef and veal exports reached almost $9 billion in 2014-15 – the highest on record. 5 In the same year, the value of our live cattle exports for feeder/slaughter purposes increased 29 per cent to $1.28 billion – another record result. 6 Growing Asian demand will continue to present significant opportunities for our beef exporters. In China, the real value of consumption is projected to increase 236 per cent between 2009 and 2050 for beef7 . And across ASEAN member states the real value of consumption is expected to rise by 120 per cent between 2007 and 2050 for beef, with net imports increasing by US$3 billion8 . One of the most valuable things government can do for industry is to provide as many opportunities as possible Better farmgate returns have helped farm cash incomes of beef cattle producers increase strongly in 2014-15. 1 ABARES Agricultural Commodities Report September 2015 (2014-15 estimate for GVP of beef and live cattle) 2 ABARES Agricultural Commodities Report September 2015 3 ABARES Australian Beef: Financial performance of beef cattle producing farms, 2012-13 to 2014-15 4 ABARES Australian Beef: Financial performance of beef cattle producing farms, 2012-13 to 2014-15 5 ABARES Australian Beef Industry Fact Sheet 6 ABARES Agricultural Commodities Report September 2015 7 ABARES What China Wants Report. [Comparisons with 2009 $US values.] 8 ABARES What Asia Wants report. [Comparisons with 2007 $US values.]