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Ranchers across the country are reporting declines in cattle inventory—prompting a comment from James Coffelt.
Dayton, OH (PRWEB) February 20, 2013
Ranchers and herdsmen across the country are reporting declines in their total cattle inventory—and a recent news report from Texas seeks to find the source of the problem. The article notes that, in the Lone Star State alone, there has been a 32 percent drop in beef cattle, and many ranchers and agriculture experts blame inclement weather, in particular drought. The article goes on to note that there are other factors in play, as well, while James Coffelt OH cattle rancher and owner of Ohio Land and Cattle, says the true status of the ranching industry is a bit more complicated than the Texas report might indicate.
James Coffelt has issued a new statement to the press, commenting on the report from Texas and on the current state of cattle production more generally. He says that, while the report is right in many of its assessments, there are a few important caveats. He begins by noting that, in some regards, the cattle business is actually improving. “Cattle numbers are certainly down, but beef production is holding steady, and some estimates even show that it is going up,” remarks James Coffelt. He says that the reasons for the increase in beef production include larger animals and higher yields.
James Coffelt continues his statement to the press, noting some other ways in which times are tough for those in the cattle business. “Land is appreciating at such a pace, it is difficult to see how new entries into the cattle business can take place,” he shares. “Additionally, the average cattleman is near 60. High cattle and land prices basically serve as an invitation for some of these old-timers to retire.”
Coffelt does make note of a possible solution for struggling ranchers. “A low input management model can reduce cow carrying costs substantially, with the right land resources and grass management,” he opines.
The original report out of Texas, meanwhile, cites economic evidence that suggests cattle inventories will continue to dwindle, with land fragmentation joining drought as one of the primary culprits. Because of this, cattle prices are expected to steadily rise in the years to come.
The article goes on to note that the process of rebuilding America’s cattle inventory has not truly begun—and that, if ranchers are struggling, consumers may face some challenges, as well, in the form of steadily rising beef prices.
James Coffelt has worked in the ranching business for years now; his Ohio Land and Cattle encompasses 5,000 Ohio acres. Coffelt is also involved in land acquisition, water sales, and more.
James Coffelt OH rancher and cattle expert, currently serves as the Owner and President of Ohio Land and Cattle. This major ranching enterprise is made up of some 5,000 acres, and boasts more than 500 producing cattle. Coffelt and his company are also involved with land acquisition, timber, gas and oil, water sales, and more. Coffelt makes part of his ranching areas available for trophy deer hunters, on a seasonal basis.
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