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1003MKT - Dairy Industry in Australia

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Griffith University

   

Australian Dairy Industry (1003MKT)

   

Added on  2020-03-04

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The below document discusses the Dairy Industry in Australia. The document also discusses the Challenges in the Australian Dairy industry and Growth Opportunities and Potential for Australian dairy Industry.

1003MKT - Dairy Industry in Australia

   

Griffith University

   

Australian Dairy Industry (1003MKT)

   Added on 2020-03-04

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Running Head: Dairy Industry in Australia1Dairy Industry in AustraliaStudent’s NameProfessor’s NameCourse Name
1003MKT - Dairy Industry in Australia_1
Running Head: Dairy Industry in Australia2Table of ContentsIntroduction3Challenges in the Australian Dairy industry3Growth Opportunities and Potential for Australian dairy Industry5Conclusion6Introduction
1003MKT - Dairy Industry in Australia_2
Running Head: Dairy Industry in Australia3The dairy industry in Australia is one of the biggest employers of the rural and agriculture based industries. The dairy industry in Australia constitutes almost $1.3 billion export, farm, and manufacturing industry (Research and Markets: Analyzing the Australian Dairy Industry,2015). The dairy industry is a significant contributor to Australia’s economy and ranks fourthamong the agricultural exports from the country. Australia accounts for approximately 2% of the milk production in the world but on the global level is the fourth largest exporter of dairy and dairy products (Dairy Australia, n.d.).Challenges in the Australian Dairy industryThe Australian dairy industry has been facing some tough challenges in the last few years andthe fluctuations in the international and domestic market have augmented the crisis being faced by the industry (Research and Markets: Analyzing the Australian Dairy Industry, 2015). Some of the challenges are:The average lifespan of a cow is 20 to 25 years but the dairy cows in Australia have a much shorter life span which is just 6 to 7 years. This is because the cows that are being used in the Milk production are being continuously subjected to impregnation, and forcefully induced calving to have a regular supply of milk production. This has anegative impact on the complete lifecycle of the dairy cows negatively impacting the whole industry (Villanueva, 2016).Livestock and dairy farming accounts for almost 70% of the available agricultural andpastoral land and accounts for 3% of the total greenhouse emissions in Australia. Thishas a significant impact on the environmental and climatic conditions in Australia (Villanueva, 2016).The seasonal nature of Australian farming, the lack of expertise in grazing and herd management, and the changing weather and climatic conditions have all had a
1003MKT - Dairy Industry in Australia_3

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