Costs Fall for Beef Producers

AUSTRALIA - A look at incomes in the Australian beef industry is painting a picture of a north/south divide.
calendar icon 4 July 2012
clock icon 1 minute read

While producers across Queensland, Northern Territory and Western Australia are expected to see higher average farm cash incomes in 2011-12, those in southern states are expected to earn 13 per cent less on average, reports ABCRural.

The figures are in a report from the Australian Bureau of Agricultural and Resource Economics and Sciences.

Tim McRae, from Meat and Livestock Australia, says southern states were affected by smaller sale numbers and lower cattle prices.

"But one feature across all the farms, be it northern or southern Australia, was a decline in costs for the past year, and certainly that's had a big influence on the income result," he said.

"You're looking at lower fodder costs and lower purchases of cattle coming onto property."

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