Industry Analysis & Industry Trends
For decades, Americans' love of steaks and burgers maintained beef as the most-consumed meat in the United States. However, in recent years, consumption of beef has declined due to the health risks associated with red meat. Nevertheless, industry revenue grew over the past five years due to the skyrocketing price of red meats. Over the next five years, beef consumption will only slightly increase, and uncertainty and volatility regarding feed costs will result in a slight drop in industry revenue... purchase to read more
Industry Report - Starting a New Business Chapter
Entry into the Beef Cattle Production industry is fairly uninhibited, though some moderate barriers to entry do exist. Generally, all inputs are readily available, producers can easily shift between agricultural activities depending on market conditions, and cattle ranches are often available for sale. Nonetheless, startup costs and location pose some of the greatest barriers.
Setting up a farm or a feedlot from the ground up requires significant investment. New participants must raise funds to purchase a feedlot facility, cattle stock, livestock feed and a range of other costs including veterinary services, interest and labor. Acc.. purchase to read more