Industry Analysis & Industry Trends
Demand for the Livestock Production Support Services industry is growing in line with larger cattle and pig herds, bigger broiler flocks and increased milk production. However, animal disease outbreaks, increasing health consciousness and the global economic recession have reduced meat consumption over the past five years, thus limiting revenue with which to spend on support services at the farm level. Through 2020, revenue in the downstream livestock industries is forecast to grow as the economy improves and demand recovers at the retail level, which bodes well for the industry. Operators will benefit from growing livestock inventories and a trend among many farms toward outsourcing services instead of making large investments into capital equipment... purchase to read more
Industry Report - Industry Locations Chapter
Support services for livestock production are offered across the country. Businesses that carry out on-farm services tend to be located close to the farms they service. The geographic spread of the establishments within this industry generally follows the US geographical distribution of livestock and other animals like horses that are serviced by the industry. The Southeast, West and Mid-Atlantic are estimated to round out the top-three regions by establishment density. Similarly, these regions are also the three largest by population.
The Southeast region accounts for an estimated 23.9% of all industry locations and an estimated 25.4% of the US population... purchase to read more