Context High and variable fetal and calf loss in beef herds occurs across northern Australia. Reasons for the majority of these losses, a major cost to the industry, have remained unknown. Aims The research question was, which of the 58 region-, property-, management group-, and animal-level risk factors measured are associated with pregnant females failing to wean their calf? Methods An epidemiological study measured fetal and calf loss (consistently expressed as % points) between confirmed pregnancy and weaning and the major associated risk factors using a selected population from 55 commercial beef breeding herds representing 23 166 pregnancies in the mostly dry tropical environment of northern Australia. Key results Median fetal and calf loss was 9.5% with large variation. Achievable levels appeared to be <10% for Northern Forest herds, and <5% for Southern Forest, Central Forest and Northern Downs herds. The risk factors most strongly associated with fetal and calf loss were low-fertility country type interacting with phosphorus inadequacy (up to 10% increase), low body condition score interacting with phosphorus inadequacy (up to 8% increase), tall cows (up to 4% increase), and high temperature–humidity index around calving interacting with country type (up to 7% increase). These are nutritional and environmental risk factors and had the combined highest individual effect and frequency. Other risk factors associated with fetal and calf loss included first-lactation cows, which interacted with mustering around calving (up to 9% increase), having not reared a calf in the previous year interacting with cow age (up to 8% increase), low mustering efficiency (up to 9% increase), perceived predation by wild dogs (4–5% increase), high prevalence of Campylobacter fetus sp. venerealis antibodies (7% increase), recent infection with bovine viral diarrhoea virus (9% increase), and inadequate dry-season protein (4% increase). Conclusions The combined effects of environmental, nutritional and management risk factors on fetal and calf loss in northern Australia were large and additive and were much greater, collectively up to 30–40%, and more consistent than that due to either endemic infectious diseases or animal factors. Implications Opportunity for remedial action is high and, for the effect of non-infectious risk factors, should target milk delivery to neonatal calves.