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 been steadily shrinking. In addition to meek demand for industry meat products, domestic wool production has declined in the past five years as textile producers increasingly chose synthetic fibers over wool. In the coming years, sheep farmers are anticipated to continue struggling from low demand for lamb, mutton and wool products. While sheep farmers have the potential to grow in niche markets, including immigrant populations in the United States and local food movements, overall demand for industry meat products is expected to continue declining... purchase to read more
Industry Report - Starting a New Business Chapter
Overall, there are few barriers to entry into sheep farming. Generally, all inputs (land, animals and related equipment) are available, producers can usually shift between agricultural activities, and there are often a number of existing farms available for sale. Still, two possible barriers include capital investment requirements and problems securing finance.
Establishing sheep farming operations requires considerable investment. New industry participants need to purchase land, sheep, fencing materials and machinery, such as trucks and trailers. In addition, farmers need to construct separating pens and sheds for shearing, mulesing, hoof trimming and other herd maintenance activities. For existing producers of other livestock, establishment costs are significantly lower... purchase to read more