Pastoral industry study
The submission to Cabinet proposed a study to help government to formulate a strategy for developing the pastoral industry of the Territory, to increase productivity, and to raise the economic potential of a range of associated secondary and processing industries.
It was noted there had not been a comprehensive study of the Territory’s pastoral industry since the 1937 Payne-Fletcher Report and the 1948 Rose Report.
Cabinet approved the commissioning of a major study of the pastoral industry and the establishment of a Steering Committee comprising representatives of NT Development Corporation, Department of Primary Production, NT Cattlemen’s Association, Buffalo Industry Council and a head consultant to direct and monitor the study.
The Terms of Reference for the study required the development of a draft industry plan for raising the level of pastoral productivity and a broad economic analysis of the pastoral industry looking at issues such as:
- the structure of and changes in livestock population
- the major cost components, returns and profitability for a range of properties
- current and potential markets and marketing methods for livestock (cattle, buffalo and other species) and livestock products, and means of developing market outlets and increasing marketing efficiency
- limiting factors and problems within the industry
- the part which micro electronic technology might play in terms of data storage and retrieval in relation to individual properties and the industry as a whole
- trends towards diversification of land use within traditional pastoral areas, and
- abattoir/meat processing and byproduct processing.