CCA chief executive officer Travis Tobin said the investment would help improve supply chain efficiency and market security.
"More than $220 million for digital export services will help to cut costs and red tape by doing away with paper forms, when exporting beef," Tobin said.
"It will help to get Australian beef to our overseas customers without unnecessary hold ups. Another $14 million package will also cut red tape and boost the efficiency for live exports.
"We also welcome more than $155 million for rebuilding after drought and natural disasters and to help build resilience and preparedness.
"The renewal of funding for the National Drought and North Queensland Flood Response and Recovery Agency will make sure they can continue with their important work.
"Even though many producers are starting to see rain, we need to remember it'll take years to fully recover from the drought and the 2019 North Queensland monsoonal trough floods.
Tobin also said bringing forward tax cuts would give rural economies a shot in the arm.
"We need people to live and work in rural towns, to keep the beef industry going," he said.
"Tax cuts increase people's ability to spend and keep local businesses open. More money in our customers' pockets also means they can afford more high-quality, nutritious beef."