21-02-2013 09:21 AM | Australia

Beef producers doubt predictions of industry boom

The Federal Government expects Australia's $7 billion beef industry to double in order to meet demand from Asia, but producers and agribusinesses say that will not be possible without more government support.

Australia is already the world's second-largest beef exporter and the Government's Asian White Paper forecasts the industry to double by 2050.

But people in the industry say a lack of government support, along with competition from the mining industry, means their businesses are struggling to turn a profit, let alone grow.
Full Story : ABC Online