The “New Boom” – Cattle As A Commodity

From Sixty Minutes: “There’s a new boom sweeping across Australia and it’s attracting the shrewdest brains and fattest wallets in the land. It’s beef – it has been branded the new iron ore, and it’s big business. Where mining was the only show in town, now, the cattle industry is riding high. After years of drought, dwindling prices, and the live export controversy, properties you couldn’t give away are today worth hundreds of millions of dollars. The smart money is snapping them up – Andrew ‘Twiggy’ Forrest, Gina Rinehart, and the most unlikely cattle baron of them all.”

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