The agricultural industry of which livestock farming or better still goat farming 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 goat farming.
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. Goat farming is of course a thriving and profitable business because of the usefulness of goat meat and other by-products from goats.
People eat goat meat, drink their milk, and use their fur and skin. With goat milk, cheese can be made, along with other dairy products. Some farmers use goats for weeding farmland. Other times, the goats are used to keep grasses and other plants from getting too tall. The diet of the domestic goat includes eating grass, leaves, shrubs, root vegetables, and other kinds of plants.
Goats come in different breeds with each breed having its own unique specifications and uses. Some goat breeds known as ‘dairy goats’ are raised mainly for the milk that they produce while some other breeds can grow very big and fat, hence, they are raised for meat purposes.
You must first decide why you want to raise goats and then select a breed that is most suitable for that purpose. You could also raise both dairy goats and regular goats if you can afford to feed and care for them. The livestock production industry includes companies that mainly provide support services for raising livestock.
Livestock is a term used to describe domestic animals, such as cattle, goats, hogs, horses, poultry, and sheep, which have been domestically raised for meat, milk, wool, and work. Other services in the livestock production industry include breeding services, pedigree record services, and vaccination et al.
The Livestock Farming (Goat Farming) industry is indeed a large industry and pretty much active in countries such as the United States of America, Israel, 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 goat farming businesses can successfully make profits.
Statistics has it that in the United States of America alone, there is about 51,712 registered and licensed livestock farming business responsible for employing about 67,814, and the industry rakes in a whooping sum of $5 billion annually. The industry is projected to enjoy 1.4 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 goat farming business. The goat farming business is all about the mass – breeding of goats 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 goat farming business, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your goats because there are loads of people out there who eat goat meat, drink goat milk and industries that make use of byproducts from goats in manufacturing their products.