Big variation exists in producer financial performance, despite high cattle prices
By Ian Mclean (a summary of his presentation to the Young Beef Producers Forum 2016) This article was first published on Beef Central It is an exciting time to be in the beef industry with high prices, increasing demand for our quality product and a positive climatic outlook. But what exactly does this mean going forward for beef producers? What should producers do to capitalise on the current situation, and best position their business for future performance? A discussion on future performance should start with an understanding of current and past performance of beef producers in Australia. The best available data on long term national industry performance is the ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences) farm survey data. Analysis of this data shows that the total…