Hard times for beef producers

AUSTRALIA - The latest report into the beef industry has found the farmers' incomes dropped during a difficult year in parts of Australia.
calendar icon 3 October 2006
clock icon 1 minute read
The Australian Bureau of Agriculture and Resource Economics (ABARE) says farm cash incomes for the financial year have slumped 50 per cent to around $34,000.

However, it says farmers are building herd numbers to take advantage of good prices and some areas have fared better than others.

ABARE says while northern producers bought more stock and have maintained profits, the southern states suffered through the drought.

Meat and Livestock Australia (MLA) spokesman Peter Weekes says the bottom line is bleak for most producers.

Source: abc.net.au
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