Industry Analysis & Industry Trends
Farmers in the Dairy Cattle Raising industry raise and breed dairy cattle to produce and sell raw milk. Over half the milk produced in the United Kingdom is sold as liquid milk, with the majority of the remaining milk used for products such as cheese and yoghurt. The Dairy Cattle Raising industry has endured a challenging past five years. Volatile dairy prices, increasing production costs and growing pressure from supermarkets and dairy processors have weighed on industry performance. The industry is highly dependant on the domestic price of milk, which increased significantly in 2013-14, leading to higher margins for operators. However, the domestic price of milk has fallen consistently since. A... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Dairy Cattle Raising industry is in the decline stage of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to decrease at a compound annual rate of 1.8% over the 10 years through 2021-22. Over the same period, the UK economy is expected to grow at a compound annual rate of 2.3%. This suggests that the industry's contribution to the overall economy is expected to decline.
The industry is consolidating, with a number of smaller operators joining producer organisations, as small inefficient farmers are forced out and average farms and herds expand in an effort to become more efficient and offset weak milk prices. Both establishments and enterprises are projected to have fallen over the past five years. Thi.. purchase to read more