AS THE monsoon season draws to a close for another year, having delivered decent rainfall to much of the NT, the minds of industry turn to the year ahead.
At the front and centre of many people's thoughts will be the current state of the market, with demand for beef and cattle from Australia the key indicator of what lies ahead.
MLA predicts prices for Australian beef and live cattle to remain strong, albeit a little lower than last year's unprecedented levels.
These predictions, combined with the decent wet season across most of the NT, have allowed a quiet but guarded sense of optimism to ripple through the industry.
With many key indicators looking positive, questions now emerge as to how best to capitalise on this situation.
The 33rd annual Northern Territory Cattlemen's Association Industry Conference aims to address these questions.
Themed 'Positioning for Prosperity', the event has a deliberate focus on what lies ahead for the northern Australian cattle industry.
The conference is targeted at high level and over-the-horizon themes designed to expose delegates to emerging opportunities and challenges, stimulating thought and discussion.
This year's event has attracted a record-breaking 550 delegates, who will hear from expert speakers on topics such as:
- Foreign investment;
- The advantage of building relationships with our Asian neighbours;
- How market competitors such as Brazil may impact the beef producers of Australia and the NT;
- Technology and how to prepare for the digital consumers of the future; and,
- Updates on markets in Indonesia and Vietnam.
The conference agenda program will deliver world-class experts who will address critical issues relevant to today's industry, and the industry of the future, with topics relevant to pastoral businesses and associated agribusiness as we advance toward increasing levels of innovation, demand and growth.
The cattle industry in the NT alone currently contributes more than $1 billion annually to the economy of northern Australia.
It is the foundation of rural and regional economies and provides governments of all levels a solid platform to invest in critical infrastructure, knowledge and trade relationships.
NT cattlemen and women are custodians of an astounding 700,000sq km of land and manage a herd of approximately 2.1 million head of cattle.
Just as the industry grows, so too is the prominence of the NTCA's annual industry AGM, conference and gala dinner. The event has become the highlight of the north Australian conference calendar and is the premier agribusiness conference in the nation.
On behalf of the Northern Territory Cattlemen's Association, I welcome members and delegates to the event and encourage you all to be challenged and inspired.
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