Industry Analysis & Industry Trends
The Sheep Farming industry has been in decline for the past decade, as per capita consumption of lamb and mutton has steadily shrunk. . In addition to mild demand for industry meat products, domestic wool production has declined in the past five years as textile producers increasingly chose synthetic fibers over wool. As a result, industry revenue is anticipated to decrease over the five years to 2016. Over the next five years, sheep farmers are anticipated to continue struggling from low demand for lamb, mutton and wool products.
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Industry Report - Industry Key Buyers Chapter
As noted elsewhere, the US Sheep Farming industry consists of many small farms. Collectively, the industry's largest two players generate less than 5.0% of total industry revenue, and no single producer accounts for a significant proportion of the total sheep and lamb inventory. According to the US Census Bureau, of the roughly 3,000 corporate sheep farms operating in the United States, nearly all of them are family owned with 10 or fewer stockholders. By and large, the remaining sheep farms are individually owned and operated for supplemental retirement income, on a hobby or part-time basis, or as a side business to other farming activities... purchase to read more