Industry Analysis & Industry Trends
Revenue in the Sheep and Cattle Farming industry in China is expected to increase by 6.1% in 2011 to $67.3 billion. ACMR-IBISWorld forecasts that there will be over 1.6 million establishments, or farms, operating in the industry in 2011. The majority of these are family or household operators, employing an estimated 5.2 million workers with a payroll of $6.6 billion.
Demand for beef and mutton in China has increased steadily over the past five years due to the surging purchasing power of Chinese people. Prices of these meats have generally increased over the past decade, with a dramatic surge in 2008. From 2006 to 2008, pork prices increased significantly, which increased demand for beef and mutton as substitutes.... purchase to read more
Industry Report - Industry Investment Chapter
This industry requires a large amount of manual labor, with most workers from rural areas receiving relatively low incomes.
Land is a major input into sheep and cattle farming in China. As a non-depreciable asset, land does not contribute to the industry's total depreciation costs.
Generally, larger participants have higher capital intensity as they are equipped with more automated equipment. In recent years some larger participants have introduced foreign computerized feeding and management systems. This has contributed to greater depreciation costs. By comparison, smaller players usually let their livestock graze in pastures, which lowers their capital investment... purchase to read more