Industry Analysis & Industry Trends
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