
Ian McLean
Managing Director of Bush AgriBusiness (Toowoomba, Qld) and co-author of the Australian Beef Report, advising pastoral businesses across northern Australia.
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Oct 20, 2026
Country Today - October 19th
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Libby PriceHOST
But you make it sound as if they're really only making money out of their land values.

Ian McLeanGUEST
Oh, it is going well, Libby, and it's fantastic at the moment with the high prices that we're seeing and some areas in the north here are starting to get some rain.

Ian McLeanGUEST
What we've done is take a long-term view through the full cycle of seasons and prices.

Ian McLeanGUEST
And yes, for the average producer, they're not making, we don't think, high enough profits.

Ian McLeanGUEST
And this report looks at what those that are making high profits are doing and what the rest of the industry can learn from them.

Ian McLeanGUEST
The top performing businesses have more productive herds that are more effective at turning grass into beef.
Return ticket for NSW cattle | Behind proposed levy increase | Bargains at the butcher
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18:15
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19:45

Ian McLeanGUEST
Probably one thing to point out when we're analyzing these family businesses is we do put a, a full value on owner wages, in terms of we, we value the family working in the business at a commercial wage.

Ian McLeanGUEST
They're reinvesting that money into the business, which is, is a valid strategy for, for businesses at different periods in time.

Ian McLeanGUEST
If it's, we think if the business has to do that across generations, then that's a, um- ... an alarm bell so that the cash return is likely to be higher than what we state here due to that difference in terms of what people are valued at and what they're paying themselves.

Lydia BurtonHOST
What things would you recommend to producers listening that they start to look at in their business right now that, that could help them achieve that sort of $2 per kilo or under?

