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Companies that breed, produce, raise, and sell animals for human consumption and/or as working animals on farms.
Large commercial animal feeding operations have become so efficient at raising animals that smaller operators can't compete based solely on price. Just 10,000 large farms now hold 30 percent of all beef cattle; only 2,000 farms hold 50 percent of all hogs. Large hog farms increasingly specialize in a single stage of production, lowering operating costs and making it difficult for independent farrow-to-finish operations to compete.
Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Animal Production maps to a number of NAICS codes including:
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Animal Production industry.