The Australian has learnt the crisis in the world’s largest producer of dairy cattle feed is deeper than previously understood.
Read moreRead lessA report on the situation for the country’s dairy industry, released on Thursday by the Corn Fuels and Products Association, said there were more than 200,000 cattle on pasture in Australia at the end of last year, with more than 1.8 million cattle on land in Australia, and about 1.1 million cattle in storage.
The number of cattle on feed in Australia has jumped by nearly 10 per cent to more than 9,000, with about 1,800 cattle in the cattle feed supply chain.
The Corn Fuers report, released in Canberra on Thursday, said more than 80 per cent of the country was on pasture, and the number of cows on pasture had increased by 40 per cent over the last two years.
“This is not sustainable,” Corn Fuhers chief executive Andrew Fergusson said.
“The world is changing and we’re seeing the impact.”
Fergussons group is the world leader in the industry and has the largest network of beef producers in the country.
“We are experiencing this crisis at a time when there is so much potential for a turnaround,” he said.
He said the industry had already seen a significant decline in feed prices and cattle costs over the past six months.
“In the past, the prices have been low and there were opportunities to make money on the feed and we’ve been seeing that this year,” he told reporters.
Ferguses group was working with cattle farmers across the country, including in regional areas, to develop strategies to help them survive the transition to feed prices, while also making their cattle safer.
“What we are doing is getting them to be more aware of their own risk and to be better managers of the risks they’re taking,” he added.
“But we are also getting them better educated on how to take those risks and how to deal with them in a more rational way.”
Corn Fuers chief executive and CEO Andrew Faggusson.
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