There’s no arguing that the beef industry has been through some major changes in the past few years. However, things are starting to look up, and that makes convention time a lot of fun. From March 30th to April 2nd, the land lenders found southern cattlemen and cattlewomen from the “Empire State of the South” converging on Perry, Georgia, to discuss policies and regulations, to attend workshops and conferences and to enjoy networking during the numerous luncheons, banquets and balls at the Georgia Cattlemen’s Convention and Beef Expo. While there, attendees could also survey livestock judging and annual meetings of groups like the Georgia Hereford Association.
Beef Industry Stats
There’s a lot of fodder for discussion when it comes to beef. The latest USDA Cattle Inventory put the national total at 93 million head, up 3 percent over 2015’s 89.1 million head. It’s significant because prior to 2014’s count of 88.5 million head, the national inventory had not dipped below 90 million since 1952.
In terms of beef, the national Inventory was at 30.3 million head, an increase of 4 percent over a year ago. The beef industry has overcome many hardships to build up the nation’s inventory, and while there will no doubt be more roadblocks in the future to deal with, there has never been a better time to invest back into the ranch with a cattle ranch loan.
Georgia Beef Stats
In the 2016 Beef Inventory, Georgia’s stock rose to 505,000 head of beef, an increase of 5 percent over 2015’s numbers. While Georgia is 28th in the country for beef, various parts of beef production are among the top ag commodities in Georgia. Georgia’s cattlemen and cattlewomen all have an important stake in the cattle industry. Senior Correspondent Lender Ethan Cooper recounts, “The passion that people have here in Georgia for the beef industry is astounding. You can tell that these ranchers have a vision and are doing whatever it takes to achieve it.”
We at AgAmerica Lending understand that our country’s ag men and women are the heart of our nation. As long as they still get into their boots every morning, we’ll make sure they have the financial wherewithal and farm lending options needed to continue and succeed. We’ve helped numerous farmers and ranchers to grow and thrive with our low interest rates, long amortizations, and outstanding 10-year line of credit.