$15.6bn
$X.Xbn
54,260
25,127
$XXX.Xm
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. Diplomatic tensions with China over the past three years have also led to various trade barriers being imposed on a variety of agricultural products, including barley and beef. Industry revenue is expected to grow at an annualised 0.5% over the five years through 2024-25, reaching $15.6 billion. This moderate increase follows a significant revenue dip in 2023-24 resulting from collapsing prices for sheep, lambs and beef cattle, alongside falling grain prices with the exception of oats. A recovery of 9.7% anticipated in 2024-25 underpins the slight revenue growth over the five-year period.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $15.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($short_0)
2025 |
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There are no companies that hold a large enough market share in the Grain-Sheep or Grain-Beef Cattle Farming in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Wheat, Canola and Other grains. Wheat is the largest segment of the Grain-Sheep or Grain-Beef Cattle Farming in Australia.
Sales prices and volumes for lambs and sheep have been significantly volatile
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.
Purchase this report to view all major companies in this industry.
ANZSIC 0145 - Grain-Sheep or Grain-Beef Cattle Farming in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Industry farmers have benefited from bumper crops and sustained high global grain prices in recent years. Livestock prices also rose substantially, as local supply tightened,...
Learn about an industry's products and services, markets and trends in international trade.
Farmers have benefited from rising output and prices for wheat. Increased rainfall has substantially boosted crop yields, while a global supply shortage stemming from the Rus...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales accounts for around one-third of grain-sheep or grain-beef cattle farms in Australia. Many of these are wheat-sheep farms, as sheep eat herbicide-resistant we...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Grain-beef cattle and grain-sheep farmers largely compete with each other on quality. Farmers in one part of Australia can experience drought, which lowers wool quality compa...
Learn about the performance of the top companies in the industry.
There are no major players in the Grain-Sheep or Grain-Beef Cattle Farming industry. Around 90.0% of these farmers earn less than $2.0 million in annual revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Grain-sheep and grain-beef cattle farmers must pay a levy for their livestock. The levy for sheep is set at 2.0% of the sale price, while for beef cattle it’s a flat rate of ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Livestock prices dropped in 2023-24, driven by domestic and global oversupply. The oversupply, resulting from dry conditions and higher feed costs, is expected to reduce prof...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Grain-Sheep or Grain-Beef Cattle Farming industry in Australia is $15.6bn in 2024.
There are 25,127 businesses in the Grain-Sheep or Grain-Beef Cattle Farming industry in Australia, which has grown at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Grain-Sheep or Grain-Beef Cattle Farming industry in Australia has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Grain-Sheep or Grain-Beef Cattle Farming industry in Australia is expected to grow.
Lambs and sheep and Wool are part of the Grain-Sheep or Grain-Beef Cattle Farming industry.
The level of competition is low and decreasing in the Grain-Sheep or Grain-Beef Cattle Farming industry in Australia.