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Supply Projections for the Australian Beef Industry

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  • White, B.J.

Abstract

Between 1968 and 1971 beef cattle numbers in Australia expanded by 38 per cent compared with an increase in production of about 14 per cent. This paper presents projections to 1976 for beef and veal production. The projections indicate an expansion of 70 per cent in beef production by 1976 and are not sensitive to assumptions about the future rate of increase in cattle numbers. Supplies available for export will approximately double unless there is an increase in domestic consumption. It is concluded that the increased supplies will result in considerable downward pressure on beef prices unless export outlets expand more rapidly.

Suggested Citation

  • White, B.J., 1972. "Supply Projections for the Australian Beef Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(01), pages 1-12, March.
    • Handle: RePEc:ags:remaae:9575
    DOI: 10.22004/ag.econ.9575
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    File URL: https://ageconsearch.umn.edu/record/9575/files/40010003.pdf
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    References listed on IDEAS

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    1. Powell, Alan A. & Gruen, Fred H.G., 1967. "The Estimation Of Production Frontiers: The Australian Livestock/Cereals Complex," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-19, June.
    2. Shlomo Reutlinger, 1966. "Short-Run Beef Supply Response," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(4_Part_I), pages 909-919.
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    Cited by:

    1. Kym Anderson, 1974. "Distributed Lags And Barley Acreage Response Analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 18(2), pages 119-132, August.
    2. Freebairn, John W., 1973. "Some Estimates of Supply and Inventory Response Functions for the Cattle and Sheep Sector of New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41(02-3), pages 1-38, June.
    3. C. D. Throsby, 1974. "A Quarterly Econometric Model of the Australian Beef Industry," The Economic Record, The Economic Society of Australia, vol. 50(2), pages 199-217, June.

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    Keywords

    Livestock Production/Industries;

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