The agricultural industry of which livestock farming or better still cattle rearing is a subset is no doubt among the leading industry in most countries of the world; it is the industry that produces food for the populace and raw materials for industries.
Because of the significant role the agriculture sector plays, the government of most countries ensures that they go all the way to subsidize seedlings, fertilizers, and farming implements and machinery for farmers and also encourage entrepreneurs to go into various kinds of farming including cattle rearing.
There are several business opportunities available in the agricultural industry and one good thing about the industry is that there is a market for all the products from the industry. Cattle rearing is of course a thriving and profitable business because of the usefulness of beef and other by-products from cattle. People eat beef, drink their milk, and use their fur and skin. With cattle milk, cheese can be made, along with other dairy products.
The Beef Cattle Farming industry is indeed a large industry and pretty much active in countries such as the United States of America, Israel, Argentine, Holland, Egypt, China, Germany, Turkey, Nigeria et al. There is no single livestock farming company that has a dominant market share in the industry hence smaller cattle-rearing businesses can successfully make profits.
Statistics has it that in the United States of America alone, there are about 38,184 registered and licensed livestock farming business responsible for employing about 62,463and the industry rakes in a whooping sum of $13 billion annually. The industry is projected to enjoy 3.1 percent annual growth.
If you are looking towards leveraging on the agriculture industry to generate huge income, then one of your best bets is to start a cattle rearing business. The cattle rearing business is all about the mass – breeding of cattle (cows, oxen, bulls, bullocks, steers, heifers, and calf et al) for the sole aim of making profits. In most cases, it is referred to as the livestock farming business.
One thing is certain about the cattle rearing business, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your cattle and its products because there are loads of people out there we eat beef, drink milk and industries that make use of byproducts from cattle in manufacturing their products.
Over and above there are few barriers to entry into the livestock production industry. Usually, all inputs are readily available. In the nearest future, players in this industry may face the highest costs associated with accessing technology, especially in relation to genetic modification engineering in livestock breeding.
So also, intellectual property rights protecting new inventions and technology may mean that new entrepreneurs coming into the industry will need to pay license fees and this, of course, will cause an increase in the start–up fee for starting a livestock breeding/cattle rearing business.