The Australian Beef Report is an independent publication detailing and analysing the financial and production performance of grass-fed beef industry in Australia. It has been written for profit focussed beef producers, industry service professionals and other industry stakeholders who would like to better understand, and improve, beef business performance in Australia.It reports on the performance of specialist, family owned, beef businesses in Australia. The industry is broken up into North (QLD, NT and the northern half of WA) and South (NSW, VIC, TAS, SA and southern half of WA) for the analysis. Within these two halves of Australia there is segmentation and analysis of the north and south by herd size, market and region. For each cohort, the performance is analysed at the business level (Income Statement, Balance Sheet, and Whole Business Key Performance Indicator's) and at enterprise level (Herd Income Statement and Herd Key Performance Indicator's) for both the average of the cohort and the Top 25% of businesses.This analysis allows the performance of the industry by region, herd size and market to be thoroughly analysed. The factors which separate the top performers are detailed, with pathways and options to improve the financial performance of beef businesses are clearly identified.Insights and wisdom from a panel of producers from across the beef industry are also included in the report. This 'Pastoral Panel' share their hard-won experience and unique perspectives, and have opened a window into their character in doing so. Their responses are frank, insightful, sometimes contrary, but unfailingly thought provoking. The Australian Beef industry is the largest land manager in Australia, managing nearly 50% of the land mass and its long-term performance is determined by how well it manages that natural resource base. A chapter has therefore been included on the 'The Effective Utilisation and Preservation of the Natural Resource Base', prepared by industry experts with practical understanding of both the established science and the latest research.Land values, terms of trade, industry productivity, herd rebuilding post drought, climate risk management and beef prices are also discussed in this valuable resource for the beef industry.