Supposed it’s the truth. Why?
**************
Some of it s demographics, with older ranchers downsizing their herds. Many don’t see any continuity in the future and are getting out.
Profitability is low and environmental zealots have complete control of the government bureaucracies, media, and entertainment sectors.
Also, people aren’t going to farm & ranch when urbanization has created huge income advantages in pursuing other occupations.
Also, people aren’t going to farm & ranch when urbanization has created huge income advantages in pursuing other occupations.
Interesting. I deal with farmers and ranchers quite a bit. It’s hard work, for sure, but I’ve yet to meet a poor one.
So, I guess we’re headed to a point where everyone in the US is some type of service worker, working remotely from their homes, while our beef is grown in another country. What could go wrong?
Also cattle production declined in 15 of 18 years between 1996-2014.
A cyclical expansion took place between 2014-2019 the first expansion since 1990-1996.
Also drought has caused liquidations that might be moving the inventory down in this current cycle.
“environmental zealots have complete control of the government bureaucracies, media, and entertainment sectors.”
Just curious what are they going to eat?