I'll make you a deal. If what you say is true I'll buy you a steak dinner in 5 years.
Really you have your prediction, I have mine, as long as we keep the socialists out of power I'll put the money behind mine.
Now if the socialists get in power prices will go through the roof and production will go down but thats another matter.
Quote:
Industry size
2001 Beef Cattle Inventory
The size of the beef industry in the U.S. has declined gradually over the last 15 years. There were 1.0 million beef cow operations in 1986, which had declined to 0.83 million operations in 2000. The numbers of beef cows, however, have remained stable at about 33 million head. The number of cattle produced for meat consumption has also remained steady with 11.9 million on feed in 1992 compared to 11.8 million in 2001. The current annual gross sale of feedlot cattle is $36.8 billion while the total value of our beef animal inventory is estimated at $70.6 billion. The beef industry provides more than one million jobs in the U.S., creating a ripple effect in the economy. For every dollar of cattle sales, there is approximately five dollars in additional business activity generated. During the 1990s, U.S. Beef production generated more than $30 billion annually in direct economic output, plus about five times that amount per year in related economic output.
|
Stable, large profit margin, lots of money invested. Not going anywhere.