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Sheep Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sheep Farming Market Research Report | NAICS 11241 | Aug 2013

Black sheep: Growth will remain stagnant as demand for lamb products falls and global competition rises

IBISWorld’s Sheep Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$926m
Annual Growth 08-13
-3.2%
Annual Growth 13-18
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Profit
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Employment
147,630
Businesses
73,100
Industry Analysis & Industry Trends

Shear danger

While the growing ethnic demographic will boost demand for lamb, the industry will remain fairly stagnant over the next five years. Domestic operators will likely benefit from the depreciated US dollar, but even this factor will not create significant growth. Wool production and revenue will diminish over the five years to 2016, further diminishing industry demand. Additionally, the threat of disease will impede sheep farmers, despite an opportunity for profits to grow... purchase to read more

Industry Report - Industry Investment Chapter

Compared to the rest of the animal farming sector, the Sheep Farming industry requires a medium level of capital intensity. Data from the 2007 Census of Agriculture (latest data available) indicate the average cost of industry land and buildings to be 37.3% lower than for the average of all animal production industries. Likewise, machinery and equipment costs are 52.2% lower for sheep farmers.

Labor represents another substantial cost, but sheep require different amounts of labor during the year. For example, sheep are labor intensive at lambing time, when ewes need to be checked up to five times daily for problems during labor. Wool production also relies heavily on labor during shearing periods, usually in the spring, and shearing is often outsourced to professional shearers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sheep Farming Industry?

Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sale to other farmers. Meat derived from these animals is separated into two categories: lamb and mutton. Lamb is used to define meat from sheep less than one year old, while mutton refers to meat from sheep more than one year old.

Industry Products
Breeding ewesMarket lambs and sheepReplacement lambsBreeding rams
 
Industry Activities
Sheep farming (e.g. for meat, milk and wool production or herd replacements)Lamb feedlots (except stockyards for transportation)


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