Australian Bureau of Agricultural and Resource Economics and Sciences data provides a valuable look into the financial position of producers around Australia.
The main finding is that several strong years have put the industry in a good financial position despite recent challenges in livestock markets.
Beef
The average farm cash income for beef cattle producers in 2022–23 was $238,000 – the highest income in seven years.
Although the average equity ratio for beef cattle producers is a solid 94pc, absolute farm cash debt is $570,000 on average – a relatively high figure compared to…
