Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)

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The Influence of Natural Disasters on Beef Price in Australia

Authors
Xiaohan Zhang1, *
1School of Science, The University of Sydney, Sydney, Australia
*Corresponding author. Email: sasa013400@126.com
Corresponding Author
Xiaohan Zhang
Available Online 17 September 2025.
DOI
10.2991/978-94-6463-835-6_80How to use a DOI?
Keywords
beef price; natural disaster; event attribution method; Australia
Abstract

Beef holds significant importance for Australia, both in trade exports and domestic farming and sales, making beef prices a key concern for producers and consumers. However, as a country frequently affected by natural disasters, beef prices in Australia are often influenced by such events. This study analyzes the impact of natural disasters on monthly beef prices based on the event attribution method. Results show that wildfires, storms, extreme weather, and droughts caused price drops for BULLS, with droughts having the largest total impact (average CAR -15.5996%). Wildfire and storm effects disappeared after three months, but extreme weather and droughts had prolonged negative effects, with droughts even showing a growing downward trend. In contrast, floods had a positive impact on bull prices, and shorter floods led to earlier price increases. YEARLINGS showed similar trends to BULLS, but the effects of disasters were milder, and the impact of droughts on YEARLINGS decreased over time, in contrast to BULLS. Overall, droughts and floods had the most significant effects on cattle prices due to their direct impact on herd development, while the other three disasters had only minor effects.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
17 September 2025
ISBN
978-94-6463-835-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-835-6_80How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiaohan Zhang
PY  - 2025
DA  - 2025/09/17
TI  - The Influence of Natural Disasters on Beef Price in Australia
BT  - Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)
PB  - Atlantis Press
SP  - 748
EP  - 758
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-835-6_80
DO  - 10.2991/978-94-6463-835-6_80
ID  - Zhang2025
ER  -