Ranchers in Australia

Ask an Economist
Question: 

I work with a US company that manufactures vitamin/mineral supplement for grazing animals, cattle, sheep, and horses. We have been approached about expanding our operations and extending our technology into Australia. But, I have significant reservations about the ability of rancher in Australia to spend any resources beyond absolute survival. Any responses or suggestions to find information regarding the financial viability of Australian ranchers would be appreciated.

Cheers,

Abe

Answer: 

On January 29, 2019, Meat and Livestock Australia (MLA) released updated forecasts, the general link is:https://www.mla.com.au/prices-markets/Trends-analysis/cattle-projections/. The direct link to the full report (.pdf format) is: https://www.mla.com.au/globalassets/mla-corporate/prices--markets/documents/trends--analysis/cattle-projections/mla-australian-cattle-industry-projections-2019.pdf

The following Global Agricultural Information Network (GAIN) report was released on September 5, 2018 - Animal Numbers, Cattle, Animal Numbers, Swine, Meat, Beef and Veal, Meat, Swine -https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Livestock%20and%20Products%20Annual_Canberra_Australia_8-31-2018.pdf.

Answered by:
Dr. Lee Schulz
Associate Professor
Last updated on February 25, 2019