Cover image for AustBeef_2014_v1.1.0.docx
AustBeef_2014_v1.1.0.docx
Resource Name:
AustBeef_2014_v1.1.0.docx
File Size:
2.62 MB
Resource Type:
Word 2007 OOXML Documents
Metadata
Title:
Australian beef: Financial performance of beef cattle producing farms, 2011-12 to 2013-14
Series:
Australian Beef
Series Issue:
14.7
Publication Date:
19/08/2014
Description:
The report was commissioned by Meat and Livestock Australia (MLA). It presents detailed financial performance and production information for Australian beef cattle producing farms from 2011-12 to 2013-14. Key Issues * The average financial performance of Australian beef cattle producing farms is estimated to have declined in 2013-14. This is a result of lower beef cattle prices, as beef cattle turn-off increased in response to continued dry seasonal conditions and historically high beef cattle numbers in northern Australia. * In addition, lower grain production in Queensland and northern New South Wales further reduced farm receipts in 2013-14 for mixed enterprise producers. * In northern Australia, average farm cash income of beef cattle producing farms is estimated to have declined from an average of $86 600 a farm in 2012-13 to $49 000 a farm in 2013-14, around 48 per cent below the average for the 10 years ending 2012-13, in real terms. * In southern Australia, average farm cash income of beef cattle producing farms is estimated to have increased from an average of $78 200 a farm in 2012-13 to $85 000 a farm in 2013-14, around 12 per cent above the average for the 10 years ending 2012-13. * Farm business debt decreased in 2012-13; however, a small increase in farm debt is expected in 2013-14. * In northern Australia, increases in farm debt (from borrowing for farm investment over the past 15 years), accumulated business losses, and declines in farm receipts in recent years have increased the proportion of farm receipts needed to meet interest payments. * In 2013-14 more than 90 per cent of Australian beef cattle producing farms had relatively high farm equity and adequate farm cash income. At 30 June 2013 farm business equity ratios, averaged 89 per cent in northern Australia and 91 per cent in southern Australia. However, since then lower farm cash income and reduced land values have resulted in increased financial pressure on many farm businesses, particularly those affected by drought in northern Australia and northern New South Wales.
Resource URL Description:
0 : Australian beef: Financial performance of beef cattle producing farms, 2011-12 to 2013-14 - Report (revised 2014-08-22T16:00) - MS Word [2.6 MB]

1 : Australian beef: Financial performance of beef cattle producing farms, 2011-12 to 2013-14 - Report (revised 2014-09-15) - PDF [1.6 MB]
Publisher:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture
Author:
THOMPSON Therese

MARTIN Peter
Right Management:
Use constraints: copyright

Other constraints: Licence type:Copyright

Other constraints: All material in this publication is licensed under a Creative Commons Attribution 3.0 Australia Licence, save for content supplied by third parties, logos and the Commonwealth Coat of Arms. http://creativecommons.org/licenses/by/3.0/au

Other constraints: This publication (and any material sourced from it) should be attributed as: Thompson, T and Martin, P 2014, 'Australian beef: Financial performance of beef cattle producing farms, 2011-12 to 2013-14', ABARES research report 14.7 prepared for Meat & Livestock Australia, Canberra, August. CC BY 3.0
Identifier:
ISBN 978-1-74323-196-8

ISSN 1447-8358
Asset Name:
pb_abfpfd9aabf00420140819_11a