Are you about writing a cattle farming business plan? If YES, here is a sample SWOT analysis for a cattle farming company to help you form a competitive strategy.
When starting a cattle farming business, you just have to get your costing cum economic analysis right if your intention of building the business is to generate profit, grow the business and perhaps expand the business and start exporting processed and packaged beef within your country and other countries of the world.
Economic Analysis
When conducting costing and economic analysis for your cattle farming business, you just have to critically examine these key factors; access to the market, access to cheap labor and of course good climatic condition. As a matter of fact, you would have to continue to review these key factors at regular intervals while running your cattle farming business.
As a cattle farm owner, you just have to have a proper grasp of your competitive landscape if indeed you want to maximize profit and be in the front-line of the industry.
It is important to note that medication/treatment and feed cost is one of the most important factors contributing to the overall cost of a cattle farm business and should be considered as a major factor when carrying out your costing and economic analysis.
A Sample Cattle Farming SWOT Analysis
Perry Coleman and Family Cattle Ranch, LLC do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard cattle rearing business that will favorably compete with leading cattle rearing / livestock farms in the united states of America and in the rest part of the world.
As a cattle rearing business, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Perry Coleman and Family Cattle Ranch, LLC;
Strength
Our strength as a cattle rearing business is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the livestock farming industry; both suppliers and buyers within and outside of the United States.
We have some of the latest cattle rearing machines; tools and equipment that will help us breed our cattle (cows, oxen, bulls, bullocks, steers, heifers and calf et al) in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in cattle rearing / livestock farming industry in our payroll.
Weakness
Our weakness could be that we are a new cattle rearing business in the United States and we may not have the required cash to pump into the publicity of our business. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.
Opportunities
The opportunities that are available to us cannot be quantified, we know that there are loads of homeowners, and industries that will source for cattle (cows, oxen, bulls, bullocks, steers, heifers and calf et al), beef, and milk and also industries that will source for the raw materials from our livestock farms both in the United States of America and other parts of the world.
Threat
Some of the threats and challenges that you are likely going to face when you start your own cattle rearing are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that rear same animals) as our cattle ranch within same location.
There is hardly anything you can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.