In 2010-11, beef cattle turn off slowed in the eastern states and beef cattle numbers increased. In the Northern Territory herd numbers stayed relatively constant despite a rise in turn off, and in as dry conditions resulted in higher turnoff Western Australia cattle numbers decreased. Overall, the typical amount of cattle that beef industry farms sold was similar to 2009 – 10, but for cattle resulted in total cash receipts for beef industry farms growing by around 8% increases in average prices received. Overall cash costs were reduced on average, largely because of improved seasonal conditions resulting in a decrease of expenditure on fodder, although expenditure of beef cattle purchases increased. Overall, with all total cash prices decreasing and the total cash receipts growing, farm cash income improved to average $59 100 per farm for beef industry farms.
Likewise, overall cash receipts increased for beef industry farms in Queensland due to a modest rise in the amount of beef cattle sold combined with higher cattle costs as well as the selling of heavier cattle compared with 2009-10. This is complemented by reduced cost on purchased fodder because of the great seasonal conditions. Average farm cash income improved to average $87 300 per farm in 2010-11, compared with $42 470 per farm in 2009-10.
In 2011-12, lower expenditure in beef cattle purchases, jointly with reduced expenditure on fodder and interest payments, is projected to have resulted in average total cash costs for beef industry farms in Australia falling by around 10%. With just a modest decrease in cash receipts and much larger decrease in cash expenses, average farm cash income is projected to increase and much larger decrease in cash expenses, average farm cash income is projected to increase to average $670000 per farm in 2011-12. If it’s been attained, it will be around 6% above the average for the preceding 10 years (in real terms).
Average farm cash income is estimated to possess improved marginally for Queensland beef industry farms in 2011-12. Generally Speaking, beef cattle receipts are estimated to have dropped slightly due to a little decline within the amount of beef cattle sold, despite slightly higher cattle process plus a further increase within the typical sale weight of cattle. But, the modest decrease in beef cattle receipts is estimated to have been more than offset by a noticeable decrease in the amount of beef cattle bought and jointly with a lower fodder purchases costs resulted in lower average total cash costs. As a result, farm cash income is estimated to possess improved to average $970000 per farm in 2011-12, marginally above average to 2010-11 (in real terms).