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7 reasons why many cattle producers are shortchanged
1. Inadequate Market Research and Price Negotiation
• Lack of understanding of market demand and supply
Learn More• Insufficient price negotiation skills
• Failure to explore alternative markets
• Limited access to market information
2. Poor Quality Feed and Supplies
• Substandard feed formulation
• Contaminated or adulterated feed
• Inadequate supply chain management
• Over-reliance on single suppliers
READ ALSO 8 farming habits of unsuccessful farmers who struggle to progress in the sheep and goats production business
3. Inefficient Herd Management Practices
• Inadequate breeding and selection
• Poor health management
• Ineffective parasite control measures
• Inefficient grazing management
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4. Lack of Transparency in Feed Formulation and Pricing
• Unclear feed formulation and composition
• Hidden charges or markups
• Limited access to feed formulation data
• Lack of transparency in pricing structures
5. Unfair Contract Terms with Buyers or Middlemen
• Unfavorable contract terms
• Limited bargaining power
• Lack of contract negotiation skills
• Unfair pricing and payment structures
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6. Inadequate Disease Control and Biosecurity Measures
• Inadequate vaccination programs
• Poor sanitation and hygiene practices
• Insufficient biosecurity protocols
• Limited access to veterinary care
7. Limited Access to Financing and Government Support
• Limited access to credit facilities
• High interest rates
• Insufficient government subsidies
• Lack of access to training and capacity-building programs
Additional factors that may contribute to cattle producers being shortchanged include:
• Climate change and environmental factors
• Limited access to technology and innovation
• Inadequate market infrastructure
• Poor transportation networks
• Limited access to extension services
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To address these challenges, cattle producers may consider:
• Seeking professional advice and training
• Joining cattle associations and cooperatives
• Investing in technology and innovation
• Developing strategic partnerships with suppliers and buyers
• Engaging with government agencies and policymakers
🟣CREATED BY DR JOSEPH DEJI-FOLUTILE
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