NAICS 112111 - Beef Cattle Ranching and Farming
This U.S. industry comprises establishments primarily engaged in raising cattle (including cattle for dairy herd replacements).
Industry trends:
The beef cattle ranching and farming industry (NAICS 112111) is experiencing various qualitative trends driven by consumer preferences, technological advancements, and environmental considerations. One significant trend is an increased focus on sustainable and grass-fed beef products. Consumers are becoming more conscious about the environmental impact of their food choices, leading to a rising demand for beef that's produced sustainably and humanely. Ranchers are adopting practices such as rotational grazing, improved feed efficiency, and reduced water usage to meet this demand.
Technological integration is another notable trend. The use of data analytics, IoT devices, and advanced breeding techniques is enhancing productivity and animal health management. These technologies are helping ranchers to track the health and growth of their cattle more effectively, optimize feeding practices, and predict market trends to make informed decisions.
Additionally, there's a growing interest in direct-to-consumer sales models. Farmers are leveraging e-commerce platforms to sell their beef products directly to consumers, bypassing traditional supply chains and ensuring better profit margins. This trend is supported by the increasing consumer demand for traceability and transparency in the food supply.
Looking ahead, the industry is likely to see continued innovation aimed at sustainability and efficiency. The adoption of regenerative agriculture practices is expected to grow, driven by the dual goals of maintaining profit margins and addressing environmental concerns. Moreover, advancements in biotechnology and precision agriculture will likely play a crucial role in shaping the future of beef cattle ranching and farming.
This industry is comprised of:
Backgrounding, cattle
Beef cattle ranching or farming
Calf (e.g., feeder, stocker, veal) production
Cattle conditioning operations
Cattle farming or ranching
Dairy heifer replacement production
Feeder calf production
Stocker calf production
Veal calf production
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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