Summary
This report describes an update of the value chain model of the Australian Meat and Livestock Industry. The model, originally developed for use in the Meat Reseach Corporation's (MRC's) Research and Development Investment Study (RADIS), is a detailed physical and financial description of meat and livestock production, processing and retailing. Following completion of the RADIS study, the value chain has and will be regularly updated for the benefit of those in the industry who demand a detailed understanding of:
how their part of the industry interrelates with all other parts of the industry;
the level of costs and income throughout the industry; and
the contribution of each part of the industry to total industry output.
This update of the model is based on industry data for the period 1991I92 to 1993/94. Three years data have been averaged so that the model is more indicate of the general situation rather than a brief glimpse of the industry at a specific time.
