Challenges Facing Livestock Industry Revealed in AgriWebb’s 2023 Report

Livestock Industry Report

AgriWebb, the world’s leading digital livestock management software creator, has released its second annual global report, the 2023 State of the Global Farmer Report. The report combines self-reported insights from over 800 producers worldwide and trends and insights from data captured by more than 16,000 AgriWebb users. This report enables the livestock industry to stay ahead of challenges and embrace opportunities that will shape the industry’s future.

The 2023 State of the Global Farmer Survey engaged with US, UK, Australia, South Africa, South America, and Europe producers. Government pressures have become a top reported concern across all regions, with most (59%) respondents in the US feeling unsupported by the government. Meanwhile, there has been a decrease in the prioritization of carbon markets and carbon sequestration across all regions. However, US farmers who’d like to get involved in the carbon market can benefit from the “Growing Climate Solutions Act.”

“Climatic, regulatory, and funding pressures are challenges farmers and ranchers have faced since the beginning. 2022 proved no different. The industry faced these obstacles head-on. Farmers and ranchers adapted and evolved their practices to keep their businesses alive. As 2023 gets underway, we look to further empower producers across North America with the insights and perspectives their peers share to help them overcome future obstacles and achieve their long-term business goals,” said Kevin Baum, CEO of AgriWebb.

The State of the Global Farmer Report found that rising input costs and interest rates debut as the most significant challenges surveyed farmers and ranchers face. Overall, beef prices and packer consolidation remain a top concern but trail these more considerable economic worries. The report also revealed that participation in value-added certifications has increased by more than 15% yearly. In the US, reported participation in direct-to-consumer marketing has increased since last year, with 50% of producers responding that they sell some or all of their beef directly to the end user compared to the 39% in 2022. In addition, the 2023 State of the Global Farmer Report suggests that direct-to-consumer marketing may effectively address some of the challenges facing the livestock industry.

Read the complete report here.

Photo by Stijn te Strake on Unsplash 

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