$1.8bn
$XXX.Xm
4,666
1,979
$XXX.Xm
Recent years of high rainfall, particularly from La Nina weather patterns, have brought mixed outcomes for hay and other crop growers. While it enhanced crop yield and quality, it also fuelled occasional floods causing crop damage and price hikes, which hurt revenue. Amid this, farms struggle with the cost of damaged crops, with most farms being non-employing.
Industry revenue has declined at a CAGR of 7.3 % over the past five years, to reach an estimated $1.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Bridestowe Lavender (China) Pty Ltd | 9.2 | |
Haas Investments | 9.1 | |
Emerald Hay Pty Ltd | 5.0 |
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Industry revenue is measured across several distinct product and services lines, including Lucerne hay, Pasture hay and Cereal hay. Lucerne hay is the largest segment of the Hay and Other Crop Growing in Australia.
Weather conditions drive cereal hay production
Operators in the industry grow fodder crops such as hay, silage and alfalfa, and other niche crops like peanuts, ginger, coffee, chicory and lavender.
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ANZSIC 0159 - Hay and Other Crop Growing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Higher levels of rainfall play a dual role for hay and other fodder crop growers. While it can elevate crop yields and pasture quality, flooding is a significant risk.
Learn about an industry's products and services, markets and trends in international trade.
Heightened rainfall volumes have had diverse effects on hay growing. While the surplus rain has hindered some farmers from transitioning their crops to cereal hay, flooding h...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Queensland is over-represented in its share of hay and other crop-growing farms relative to its population. The state’s high rainfall, temperature and proximity to downstream...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Given its bulkiness and abundant domestic availability, hay is relatively shielded from foreign substitutes. Conversely, other crops like coffee beans are predominantly sourc...
Learn about the performance of the top companies in the industry.
Over three-quarters of hay and crop-growing farmers operate without any hired help. Those that do employ, generally count on a small team of workers, with only a handful of f...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Rainfall impacts the growth of hay and other crops in complex ways. While fruitful rain boosts crop yields, enhances quality and enriches pasture – reducing fodder requiremen...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Many hay and other crop farmers pass on cost increases to buyers to account for higher purchase costs. This trend has seen profit margins expand since 2020-21.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Hay and Other Crop Growing industry in Australia is $1.8bn in 2024.
There are 1,979 businesses in the Hay and Other Crop Growing industry in Australia, which has declined at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Hay and Other Crop Growing industry in Australia has been declining at a CAGR of 7.3 % between 2019 and 2024.
Over the next five years, the Hay and Other Crop Growing industry in Australia is expected to grow.
The biggest companies operating in the Hay and Other Crop Growing market in Australia are Bridestowe Lavender (China) Pty Ltd, Haas Investments and Emerald Hay Pty Ltd
Cereal hay and Pasture hay are part of the Hay and Other Crop Growing industry.
The company holding the most market share in Australia is Bridestowe Lavender (China) Pty Ltd.
The level of competition is moderate and steady in the Hay and Other Crop Growing industry in Australia.