Industry Threats & Opportunities
- Domestic wool production has declined as textile producers increasingly chose synthetic fibers over wool
- Unlike other livestock sectors, sheep farms have hardly streamlined their growing operations
- Wool production will likely decline as synthetic fibers compete with wool in the textile industry... purchase to read more
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 Locations Chapter
The Sheep Farming industry generally operates in locations with the most favorable markets and environmental conditions. Factors influencing the location of farms include proximity to water supplies, good pastures and downstream markets. Farmers also locate in areas that accommodate other livestock and field production purposes, because industry enterprises often exist alongside other forms of agricultural production. The majority of the largest sheep ranches are located in the Western states due to the availability of large areas of land for grazing, as well as proximity to major grain growing regions, which offer sheep farmers a close supply of feed inputs. In contrast, Eastern states tend to support smaller flocks.
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Additional Insights for the
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sheep Farming Industry are Proximity to key markets Tailoring goods and services to market conditions Production of premium goods and services
IBISWorld analysts also discuss how external factors such as Demand from meat, beef and poultry processing and Price of red meat in the Sheep Farming industry impact industry performance... purchase to read more