Experience the dynamics of swine exporting and decision-making in this intriguing story. In a business fraught with financial risks and potential catastrophes, exporters must navigate countries’ various regulations, financing arrangements and cultural norms. Animal diseases, currency fluctuations, and politics can quickly destroy markets. Yet, this is part of feeding the world.
Source: Bloomberg Businessweek, December 21,2015.
Buying elite DNA—either frozen or chilled semen, frozen embryos or live animals—is a logical next step, jump-starting a process that normally takes decades of selective breeding. It’s the farm equivalent of upgrading software or technology, betting that the long-term gains outweigh the short-term costs. The animal genetics industry, valued at $2.5 billion, is expected to increase an average 9 percent per year through the end of the decade, fueled by growing meat and dairy consumption and improved breeding technology, according to Markets and Markets, a research firm.
INSIGHTS: Swine is the topic here, but the export business process that the story features could be applicable to any species. Consider this as background for what it takes to grow our industry regardless of the animal health segment you occupy.