Ranch broker and cattleman, Jared Souza, is also Assistant Ranch Manager of Cottonwood Land and Cattle in Wheatland, Wyoming. An expert in Wyoming ranching and Wyoming ranches for sale (click here), he offers his opinion on the future of cattle in Wyoming and nationally:
As the drought loosens its grip across most of Wyoming, the local farmers and ranchers are facing an over abundance of water and grass in some areas. The cattle markets continue to gain traction across nearly every sector, while some of the feed commodities soften, helping fuel an already bullish beef market. Cattle ranchers are happy, the cattle are fat, and the grass is tall giving many of the ranches across the state a breath of fresh air. This is an exciting time to be in the ranching business and an even better time to invest in one.
For the next several years with some decent weather, we will have more grass than we have cattle. The total cattle herd across the United States is at a 63 year low, and building it back will be a slow process. Profitability and ROI on good cattle operations should ride this trend and give investors an opportunity to capitalize on this very strong market.
Mirr Ranch Group specializes in many types of cattle and workings ranches and has many offerings suitable for the development of a profitable cattle operation.
Thanks Jared for the insight! Thinking about starting a cattle business? Check out these cattle ranches for sale.