Survey: Most Cattlemen Plan to Expand Herds in Next Five Years

Thursday, February 2nd, 2012

During Cattlemen's College at the Cattle Industry Convention in Nashville Wednesday, Western Kentucky University animal scientist Nevil Speer, PhD, conducted some quick, electronic surveys of the audience. The session, on profiting during volatile times, was filled beyond the room's capacity. One of the questions Dr. Speer asked beef producers in the audience was: "Do you plan to expand your herds during the next one to five years?"

The instant response was somewhat surprising, with 73 percent saying "yes," 16 percent saying "maybe" and just 10 percent indicating they do not plan to expand. Those producers see opportunities in a growing beef market, in spite of the volatility and challenges Speer outlined in his presentation.

Read More: