25 Jul

Turn me on: The value of agtech in a digital age

Image: Agtechnologies including CropX and mOasis present opportunities for irrigators to grow more produce with less water.  Turkey Centre Pivot Irrigation System from Alibaba, labelled for reuse.

The impact of climate change combined with an increasing global population and a reduction in arable lands is pressuring technology for a solution – how to grow more food with fewer resources. Generating excitement within the tech world, the race to find the best agtech solution is also gathering interest from investors with large sums of money being offered up by venture capitalists.

While Australia hasn’t yet realised its full potential in the agtech world, America and Israel are successfully leading the way in the development of agricultural technologies. In this article, we take a look at three of the most exciting emerging products from agtech start-ups.

 

CropX SensorCropX

CropX – an Israeli developed system – aims to help irrigators to boost crop yields and save on water with a network of in-field sensors.

The CropX system is capable of scanning a paddock and determining distinct production zones and even identifies the best location for sensors to be installed within a paddock.

Once installed, the system automatically develops an irrigation plan and sends the farmer daily text messages providing an overview of soil moisture levels and suggested requirements on a per zone basis – meaning water applications can be more informed and precise processes.

At US$600 per sensor, installing multiple units into a paddock is not only feasible but also significantly cheaper than many other soil moisture probe brands. The farmer can install each sensor in minutes, reducing the need and expense of hiring a contractor.


mOasis

Another start up that promises to improve the efficiency of water use for irrigators is mOasis. This American company has developed and manufactured several soil additives that help retain water in the soil, meaning fewer irrigation applications and healthier crops.

mOasis products come in various formats including powders and granules, which are applied to paddocks with common farm machines such as a seeder or spray unit. The company claims that BountiGel P retains up to 250 times its weight in water helping to provide consistent moisture to plants, reducing stress and increasing yields and quality.

Initial trials have shown promising data for mOasis products. A study undertaken by the University of Fresno in California investigated the impact of BountiGel on irrigated tomatoes over three years. The trial resulted in a yield increase of 8.5% and return increase of $370 / acre, plus additional savings through reduced water use, compared to crops grown without the additive.

Arvegenix

The company’s core focus is the development of Field Pennycress into a viable cash crop to be used as both a renewable fuel and animal feed source. As a winter crop, Arvegenix is promoting Pennycress as an alternative to fallowed paddocks between soy and corn rotations, providing farmers with additional revenue and a source of valuable cover to reduce erosion and nutrient losses.

A member of the brassica (mustard) family, Pennycress seeds are very high in oil with the right properties to be used in biodiesel and aviation fuel. Initial research suggests that pennycress biodiesel is much more suitable for use in cold climates than other oil-based biodiesel products.

A by-product of the extraction of oil is Pennycress meal, which is being tested for its suitability as a source of nutrition for ruminant animals. Arvegenix claims that Pennycress meal could contain 33-35% protein, fatty acids and carbohydrates ‘that are expected to provide an excellent feed for ruminant animals’.

Arvegenix was set up by a team of ex-Monsanto Executives and has received funding through Monsanto’s venture capital arm – Monsanto Growth Ventures (MGV).

Sources: Forbes, CropX, mOasis, Arvergenix

25 Jul

Hey big Spender: The rise of agricultural land prices in Australia and beyond

Image: Jackson Land and Cattle was listed for US$175million in 2011. Photo courtesy of Business Insider.

The Shire of Cardinia in Victoria is home to the most expensive farmland in Australia, according to a report released earlier this year.

The Australian Farmland Values 2016 report shows that land in the area sold for a median price of $21,999 per hectare. The Shire of Cardinia borders the south-eastern side of Melbourne and major residential developments is a key driver in the value of agricultural land.

In contrast, the cheapest land in Victoria was in the Wimmera Mallee with a median price of $1,282 per hectare. In 2016, 51 parcels of land around the towns of Birchip, Donald and Wycheproof were traded, indicating strong interest from buyers in a traditionally tightly held region.

In New South Wales, the most costly land can be found in the Northern Rivers region, 50kms south of the Queensland border. Land in the Shire of Byron sold for a median price of $17,794 in 2016 with only nine recorded transactions. Fertile soils and favourable weather make the region ideal for a range of agricultural commodities including beef and dairy, vegetables, fruits and emerging crop varieties such as macadamias, bamboo and lychees. The cheapest land in New South Wales can be found in the Central Darling region, with a median price per hectare of $57.

Land in the Adelaide Hills has driven the median price of land to $18,278 per hectare. Reliable rainfall and the appeal of lifestyle properties continue to drive demand in the area, which has a three-year average median price of $19,407 per hectare. On the Eyre Peninsula, land around Cowell was sold for a median price of $358 per hectare.

You can still snap up a bargain in Queensland, with land selling for $41 per hectare at Croydon in the far north. Farmland between Brisbane and the Sunshine Coast recorded the highest median price at $15,694 / hectare.

In Western Australia, Busselton boasted the highest price per hectare at $13,041, while Mukinbudin country sold for a mere $411.

Agricultural land prices around the world

A 2015 report by the Financial Times (London) revealed that Ireland has the most expensive agricultural land in the world, worth an average of $13,600 per acre. The second most expensive agricultural land is found in New Zealand ($8,532 per acre), followed by Denmark ($7,934) and the UK ($5,448).

The price of agricultural land in the UK doubled between 2010 and 2015, making it a better investment than high-end real estate and even gold.

In America, the most expensive farming land can be found in the Napa Valley, famed as the country’s premier wine growing region. In 2012, land was worth up to a staggering $378,000 per acre, with one transaction realising a $6.3 million asking price for a mere 3 acres of land.

In 2011, a 1750-acre ranch – Jackson Land and Cattle at Jackson Hole, Wyoming – was listed for $220 million – the most expensive ranch on the market at the time. The property boasted ‘an equestrian centre, ponds, a spring and breathtaking scenery’, as one would expect from a property worth $126,000 per acre.

‘Bigger than Israel’

The largest property in Australia and the world’s largest cattle station – Anna Creek station in South Australia – was sold for a comparatively bargain price of $16 million in 2016. The 6 million acre property is bigger than Israel, with the ability to carry up to 17,000 head of cattle.

The largest farm in the world is the Chinese super dairy – Mudanjiang City Mega Farm at Heilongjang. The 22,500,000 acre farm was expanded in 2011 in response to the Russian ban on EU dairy products and supports a herd of 100,000 dairy cows.

Sources: The Independent (Ireland), Business Insider, ABC, World Atlas, Napa Valley Register, The Guardian (UK), The Australian, Department of Agriculture and Water Resources, Australian Farmland Values 2016

Note: Prices in this article are quoted per hectare for Australian farmland, and per acre for land overseas. All prices are quoted in AUD unless stated with currency rates as at 24th July 2017.

25 Jul

Possum Parmigiana and Chips: Could Australian native animals be a source of food?

Image: While Kangaroo is often seen on Australian restaurant menus, could other native creatures soon be part of our diet? Braised kangaroo, Swan Valley by Phillip Capper from Wikimedia, licensed under Creative Commons Attribution 2.0 Generic

Could looking at the past offer us a glimpse of what’s to come in the future? That’s a question Dr Jillian Garvey is trying to answer through her investigation of the role Australian native animals played in pre-colonial Australia.

With the aim of identifying what fauna could offer us a sustainable source of food, Dr Garvey has been examining the carcasses of native animals and analysing their nutritional values.

Feral grazing plate

Records show that Aboriginal people hunted a range of native animals for food – including kangaroos and wallabies, emus, wombats, possums, reptiles, small birds and shellfish. This information also shows that Aboriginal hunters preferred certain species to another and even favoured certain cuts of meat.

Dr Garvey’s research has come one step closer to understanding why hunters made such selective decisions. An analysis of wombat meat showed that they have a large amount of nutritious and fatty meat along their backs, providing a tasty, filling and healthy food source. This information matches archaeological records about the butchery habits of the Ice Age southwest Tasmanian hunters, who frequently targeted wombats and the medium-size Bennett’s wallaby for food.

Kerbing caveman cholesterol

While wombats offer plenty of easily accessible energy, it might not be a particularly healthy form. Wombat fat is high in saturated fat – not ideal for a caveman looking to control his cholesterol. The echidna would be a better option, with a highly nutritious layer of unsaturated fats located between its quills and skin.

Other healthy native fauna options include the Eastern great kangaroo, which has a large amount of lean meat around its pelvis and highly nutritious bone marrow. Smaller macropods (pademelon and potoroo) yield less meat but have nutritiously rich bone marrow. Splitting animal bones and eating bone marrow is one way hunters may have avoided protein poisoning – a fatal condition caused by a lack of fat in the diet.

While kangaroo is a relatively common feature on Australian menus, the most likely additions are emus and wombats. There are hurdles in introducing new native species to consumers including ethical rearing and slaughter, the development of supply chains and convincing consumers to try alternative protein sources. But in an age plagued by issues including global warming and obesity, native meat sources could offer a sustainable solution.

Sources: Thinkable, ABC

25 Jul

Profitable Pongamia: High value biofuel from an Australian native

Image: Pongamia Pinnata Seeds from Wikipedia under a Creative Commons Attribution License 3.0

An American company has adopted an Australian tree with the hope of growing high value crops whilst restoring depleted agricultural lands.

The low-maintenance Pongamia tree produces oilseeds that can be processed for biofuel as well as a host of other downstream products. Pongamia trees produce ten times more oil per acre compared to soy, three times more protein, but use 75% less water and chemical inputs. As a legume, Pongamia trees also fix their own nitrogen.

The project is being spear headed by Terviva, an investor-backed venture that has catalogued the genetics of Pongamia genetics to identify high-yielding varieties suitable for cultivation in America. As well as propagating young trees to supplying growers with, Terviva also offers processing, sales and marketing services to their clients.

Pongamia Down Under

Back in Australia, researchers have been working to determine the potential for the Pongamia tree to be grown on a commercial scale.

One project in Roma, Queensland, looked at the use of Pongamia trees as a biodiesel source, while offsetting excess water produced on local gas fields. Owned by Origin Energy, the 300-hectare block of land was planted with 170,000 trees in 2010, which are irrigated with treated water from the Spring Gully reverse osmosis plant.

While the trees have started to yield good quantities of seeds, an issue with occupational health and safety has held up wide scale harvesting.

“The risk of fire from machinery on a gas field has prevented any mechanical harvesting, “ said George Muirhead, Director of BioEnergy Plantations Australia – one of the collaborators involved in the trial.

Mr Muirhead says that many smaller players have started experimenting with Pongamia trees, but warns that volume is critical to develop a profitable economy of scale. “It’s crystal ball stuff, but I suspect that farmers will start to become more serious about growing Pongamia trees once the world oil price rises above $60 a barrel”.

Pongamia’s Potential

As well as interest from Japan, Mr Muirhead says many Councils have expressed interest in the technology as a sustainable, closed-loop energy system. “Potentially they could plant Pongamia trees, harvest and process the oil into a source of biofuel for Council vehicles”.

“There’s also potential for station owners to grow the trees and use a gasifier to convert the meal and shell into electricity. As the price of electricity increases and gasification technology improves, this could provide cheap and reliable power to the most remote locations”.

Sources: Origin Energy, Bioenergy Plantations, Biomass Producer, Terviva

30 Jun

A Diagnostic Eye in the Sky for Australian Farmers

Image: Merging the surveying capabilities of UAVs with diagnostic tools could provide farmers with a head start in treating poor performing crops. ‘Drone’ by David McBee is licensed under CC BY 2.0

Over the last few years, agriculture has seen a dramatic rise in the use of unmanned aerial vehicles (UAVs) as another tool in the farm toolbox. As well as being used to check stock water and fence lines, growers have been using this technology as a way to monitor their crops from a unique perspective.

While these aerial technologies present an opportunity to survey paddocks and even identify areas of concern, most systems fail to diagnose the cause or suggest an accurate remedial strategy. A new Australian venture aims to close this gap with the development of FluroSat – a system that monitors crops, diagnoses areas of stress and recommends relevant solutions.

How the technology works

Hyperspectural images are taken by a satellite, or a drone-mounted camera flown over the crops. The images are then processed and analysed to produce a paddock map highlighting areas of stress. FluroSat also provides information about potential causes – nutrient deficiencies, water and heat stress, weeds, pests and diseases. This information can then be ground truthed by a farmer or agronomist before being actioned.

Understanding the benefits

Technologies like FluroSat offer growers the ability to detect issues much earlier than the traditional boots-on-the-ground approach. A head start on diagnosing agronomic issues potentially allows for a quicker and more effective recovery, a reduction in inputs and an increase in yield. FluroSat have estimated that their technology could increase yields by 10-35%, reduce fertiliser by 30% and decrease water use by 25%.

FluroSat are also set to offer a ‘data fusion’ service where farmers can overlay existing precision agriculture information – such as yield maps – with data captured by drone or satellite to produce a more comprehensive understanding of influencing factors. Data fusion can also include information from hand held paddock testing devices such as plant nitrogen testers, and the combined information can be used to generate maps to guide variable rate applications.

As input costs, water security, herbicide resistance and climate change become prominent issues for Australian farmers, having a more proactive approach to crop management is an obvious way to mitigate financial loss. On a national scale, this represents a multi-million dollar boost to the Australian agriculture sector with potential flow on effects to agribusiness and international trade.

The proof is in the pudding

Knowing how promising these technologies will boil down to accuracy, usability, cost and accessibility. FluroSat developers are intending on offering the product as a fee-for-service basis or by connecting a farmer with an approved contractor. While pricing is still being determined, it’s likely that the service will be available on a subscription basis. Currently in final testing stages, FluroSat is due to be released commercially in 2018.

Sources: Telstra, FluroSat

30 Jun

Satellite Technology Making Station Life Safer

Image: Advances in GPS and satellite technologies promises a safer future for the most remote workers in Australia. ‘A stockman musters cattle on CSIROs Belmont Research Station in central Queensland’ by CSIRO is licensed under CC BY 3.0

 

The next generation in Personal Locator Beacons (PLBs) is set to make station life safer for those working in some of the most remote locations in Australia.

Pocket-sized beacons are currently being trialled on stations in the Northern Territory and Western Queensland, with the aim of improving the safety of workers in mobile and radio black spots.

R U OK?

The system uses GPS and satellite technology to allow two-way communication with a station’s base. Pocket-based devices can be used to send pre-programmed messages to a station’s office via email, such as “I’m okay”. Office staff can use the system to send messages to staff as a daily check-in, especially important for those who work remotely for days at a time.

A distress function sends an alert directly to the Australian Maritime Safety Authority (AMSA) triggering an urgent search and rescue operation. Station management can also track the location of staff in the event that they need assistance.

Beyond the black stump

Australian Agriculture Company (AACo) is assessing the fit of the system on four stations, including Canobie in the southern gulf region of Queensland. Canobie station manager Jack Morris sees the system as a way to bridge the gaps left by other communication technologies.

“Mobile phone [coverage] is non-existent and there are UHF [radio] blackspots so we’ve taken these other steps to try and keep our people safe and to know where they are, “ he said.

“We’ve got them with loader drivers and grader drivers, because they’re camped out a lot, and bore men and blokes delivering licks to cattle, so if they are in trouble they can press the button”.

To date, the system has worked well according to AACo workplace health and safety manager, Joanna den Hertog.

“We haven’t had any problems with the satellite messages; we’ve found that the satellite is reliable, Ms den Hertog said.

“We have the option of sending pre-programmed messages like ‘I’m okay’ that get send to emails and we’ve had no problems receiving those.

With an encouraging response to date from both staff and management, the system is likely to be rolled out across all properties in AACo’s 7 million hectare holdings.

“We’re looking at application on all our properties where the manager identified there’s a risk that relates to a person who works in isolation, “ she said.

Alex Thomas, an independent consultant who specialises in agricultural health and safety, sees the technology as an essential component of station life.

“Reducing the risks associated with working in remote and isolated areas has always been a challenge for pastoralists, however with the birth of new technology, anxiety levels of spouses and employers alike can be alleviated”.

Source: ABC

30 Jun

No beef for you: India bans the slaughter of cattle

Image: The Indian government has cited animal welfare reasons for banning the slaughter of cattle and buffalo, a claim rebutted by many critics. “Sacred Cow” by Guy-Claude Portmann is licensed under CC BY 2.0

One of the world’s largest exporters of beef has banned the slaughter of cattle, with the government citing animal welfare reasons for the change in policy.

The Indian government made the announcement in May 2017, including a complete ban on the trade of cattle and buffalo for slaughter.

Critics of the ban are claiming that India’s Hindu Nationalist Government is actually motivated by religious reasons. The cow is revered symbol for the nation’s 744 million Hindus.

The ban presents immediate and significant crisis for the country’s meat processing and leather value chains, worth an estimated $14 billion dollars a year for the Indian economy. In 2016, India was the second largest exporter of cattle, with Brazil taking the top spot.

Impact Downunder

News of the ban presents a potential opportunity for Australian exporters who have seen increasing competition from Indian buffalo exports to Indonesia.

“What we’ve seen in the last six to 10 months is turnoff from feedlots and slaughter numbers down 40 to 50 per cent, since the introduction of Indian buffalo,” said Stuart Kemp – CEO of the Northern Territory Livestock Exporters Association.

But with little information available from the Indian government, Mr Kemp recommends a cautious approach for the Australian industry.

“More demand for Australian product is always a good thing, but I wouldn’t be high-fiving myself just yet, there is a lot of water to go under the bridge,” he said.

Jakarta-based industry consultant Ross Ainsworth believes the ban on the slaughter of buffalo could soon be reversed.

“The cattle trade is very tiny in India because it has always been a restricted situation but the buffalo trade has risen to be the world’s largest meat trade. I would be very surprised if what appears to be a ban on buffalo is actually real when all the detail of the ban rolls out,” he said.

“It would cause the biggest disruption [to the world meat trade] since the Second World War, so I can’t see it happening.”

High-End Promises?

Global live cattle trade is becoming increasingly competitive, with countries as far away as Spain now supplying Indonesia. Bakso Balls – traditional meatballs and the most common source of meat protein for Indonesians – are being made from cheap sources of meat, including Indian buffalo.

The use of cheaper meats has forced Australian cattle to be sold to the smaller, high-end portion of the market. Although in it’s infancy, Java-based Robi Agustiar says this portion of the market does have potential for Australia.

“The industry needs to educate the consumer that if they want a cheap price, then buy the buffalo meat, but if you want great quality [beef], from a traceability system and a delicate taste, you can buy Australian meat” he said.

Sources: ABC, ABC, ABC, Census India, Aljazeera

30 Jun

Dry start to the season compounds mice woes for grain growers

After a record 2016 grain harvest, increasing numbers of mice are posing a major threat to this year’s crops.

An abundance of grain on the ground, good paddock cover and wet summer conditions have provided the ideal conditions for mice, with numbers exploding through many parts of the country.

In parts of Victoria, New South Wales and southern Queensland, frustrated farmers have seen entire paddocks of this season’s crops wiped out by mice, despite investing in costly baiting programs. Demand for off-the-shelf mouse bait products has increased the price from around $2/kg to more than $4/kg.

In South Australia, demand for bulk mouse bait from mixing stations is also at an all time high. With no similar program interstate, South Australian mixing stations have been taking orders from farmers in western Victoria.

Danger Mouse

Yorke Peninsula agronomist Chris Davey says the dry start to the season and damage from mice is making the 2017 season “one of the most frustrating I’ve seen in 20 years of being a consultant”.

In a tweet, Mr Davey posted photos showing the damage done to a client’s paddock on the Northern Yorke Peninsula where lentils were re-sown twice and even three times in certain patches, despite the farmer having applied up to eight applications of mice bait.

Tweet1

Hail knocked grain to the ground in November 2016, providing accessible feed for mice Tweet by Chris Davey, supplied.

“The hail storm that came through in November last year knocked a lot of grain onto the ground, so there’s been an abundance of food for mice for the last six or seven months”, he said.

Mr Davey estimates that the costs involved in baiting and re-sowing the paddock will cost the farmer between $110 and $140 / hectare on top of a yield penalty for this year’s harvest.

Dry times

A lack of rain during April and May is compounding the already difficult conditions faced by many growers. “There are guys around here who have been farming all their lives who tell me they’ve never seen such a dry April, May and early June before.

Even a small rainfall event could help to turn the season around, he explains. “We’ve got good subsoil moisture carried over from 2016 and we had good summer rains. Another 10mm would help to join the moisture bands up and give plants the boost they need to access moisture further down in the soil profile.

“Especially on heavier soil types – there are areas around here where sown crops haven’t germinated at all. There are also patches where seed has shot, but rotted and have needed to be reseeded”.

Tweet2

Dry conditions have caused cracks in the paddocks on the Yorke Peninsula, South Australia. Tweet by Chris Davey, supplied.

The Bureau of Meteorology is predicting a drier than average winter for many cropping regions in Australia, influenced by temperature changes of the Pacific Sea and Indian Ocean.

Source: ABC

18 May

New Technology set to Overhaul the Agriculture Industry?

Over the years, we have seen technology change numerous industries by making jobs easier and more efficient. According to a start-up named ‘FluroSat’, farmers could be in for an exciting future, as they believe to have a solution that will improve crop yields. Not only this, they believe they can save millions of revenue dollars for the whole industry.

Originally from Ukraine, Anastasia Volkova is the CEO of FluroSat and she is a qualified aeronautical engineer. Why did she start a business in agriculture? According to Volkova, she missed her mother’s tomatoes back home and this appreciation of high-quality produce started her passion for making farmers more efficient and sustainable. With her love of vegetables, she wants to improve the quality of produce making its way onto dinner tables every single night.

Essentially, FluroSat is developing a set of multi- and hyper-spectral cameras that can be mounted onto satellites and drones. Once here, this technology can be flown over fields to identify any health issues from above; for example, any crops that are deficient of nutrients or water. Furthermore, a disease might need to be extinguished before it gets a chance to take hold. Rather than relying on a farmer to walk the fields and assess the crops, this device is much faster and more reliable at finding problems.

Currently, the company is working with farmers and agronomists who make daily decisions regarding the management of crops. Using the drones, important data can be processed before then suggesting actions to remove any issues. In an advanced stage, field trials will begin shortly in Moree, Narrabri, Gunnedah, and Tamworth. According to experts, this technology could save hundreds of millions of dollars in the years ahead because yields will be higher. Additionally, water, pesticides, and fertilisers will be used more efficiently, which is something that has been a problem in recent years.

Recently, FluroSat paid a visit to Narrabri to demonstrate the technology with the Australian Cotton Research Institute; this is where the technology will be tested most extensively. Moving forward, Volkova and the rest of the team have highly ambitious plans. If all goes well in the next six months, they want to bring the product to market and then we could see one of the largest changes in the industry that we would have seen in a long time.

With news like this, it shows just what potential there is for all industries in Australia currently. If the product has a successful testing season, farms all over the country will be able to pick up on issues early and have them fixed rather than losing a percentage to disease, malnutrition, or lack of water. With the time that this will save for farmers, they will also have free time to spend elsewhere so this is huge news. As soon as we hear progress from FluroSat or any other source, we will keep you informed!

Source:  Telstra

18 May

2017 – Cattle Projections in Australia

Leading into 2017, we have high carcass weights as well as low female cattle slaughter. In the year ahead, we are expecting much of the same but what else is going to happen in 2017? Today, we will be taking a look through the cattle projections in Australia for this year.

Earlier in the year, it was expected that just over seven million cattle would be slaughtered and recent reports suggest that this was accurate (although we can’t be sure just yet). Currently, there is significant supply pressure but the heavier carcasses are said to be the first step of alleviating this pressure. As a result, we are expecting a small decrease (1%) in beef and veal production compared to the same time period last year.

In terms of the weather, this plays a huge role in the cattle market and we saw good rainfall towards the end of 2016 and into the New Year. With this, it has re-energised the cattle market and prices have increased in the first couple of months of 2017. However, the pressure will come back around as we move towards the middle of the year as national herd numbers slowly increase. In addition to this, the conditions globally are also softer than we would like which means that the seasonal decline will come around as expected.

April Update

Just recently, we saw the release of the ‘April Update’ from Meat and Livestock Australia (MLA) and it this is where much of the information above originated. As we start to get comfortable with the second quarter, the floods in New South Wales and Queensland have severely reduced the expected slaughter. However, experts believe that this could recover towards the end of May and into June as mustering cattle become accessible.

When it comes to shipment to the other large markets, these were quite mixed in the first quarter and they actually reflected the competition and production we are currently seeing at home. On a global scale, the largest market still remains as Japan and they witnessed a 22% increase in the amount of shipments made. Thanks to replenished domestic production, the US reduced their interest by around 27%. Furthermore, the amount of shipments reaching Korea fell by almost one-fifth compared to last year. For our exports to China, a 4% growth figure was seen.

Future Years

Within the report, we can also see the projected figures right up until 2021 and this will be interesting viewing to see how close to accurate they prove to be. For slaughtering, the MLA has predicted an increase of one million by 2021 up to 8,100,000. For average carcass weight, this will increase by around three kilograms whilst beef production will rise by 200,000 tonnes.

Looking globally, imports are widely expected to remain stable over the next four years whilst exports see a boost of 18%. As mentioned, these are just predictions so far but it certainly makes for interesting reading for the next few years!

 

Source: Meat & Livestock Australia