Farm Table says:
This article discusses beef feedlotting and the factors that need to be taken into consideration if you’re thinking about starting your own feedlot.
The items covered in this article are:
- Australia and beef export
- Legal obligations
Key points were as follows:
- Australia is the second largest exporter of beef (based on the date of this article).
- Feedlots require a high demand for labour which can benefit communities in which they are based.
- Marketing beef is a key element in establishing a feedlot and its important to have a target market willing and able to take on your business (steps include identification of target markets, size of the market, market growth and competition, types of products to be marketed and capacity and continuity of supply to market annually).
- One of the most costly factors to consider is the amount which will be outlayed in setting the feedlot up as well as the associated ongoing costs, items to consider are:
- purchase of cattle
- ongoing feed costs
- high labour costs
- return received from finished cattle
- carrying costs during the feeding process.
- Each state has their own legal requirements and codes of practice, see the relevant links at the end of this article for more information.
- Further information on beef feedlotting can be accessed by clicking on the following links:
- Meat and Livestock Australia http://www.mla.com.au/
- Ausmeat http://www.ausmeat.com.au/
- SAFEMEAT http://safemeat.com.au/
- Australian Lotfeeders’ Association http://www.feedlots.com.au/
- Cattle Council of Australia http://www.cattlecouncil.com.au/