Keep pulling the thread on Andrew Coppin.
The closure of the Mexico border due to new world screwworm concerns has reduced the US cattle supply by approximately one million head.
The U.S. cattle herd is at a historical low, with a size comparable to levels seen in the 1950s and 1960s.
Andrew Coppin believes that higher U.S. tariffs on Brazilian beef will likely cause that supply to be redirected to other countries rather than being imported into the United States.
Andrew Coppin asserts that technology adoption is the key for ranching businesses to survive and thrive amid current market conditions.
Andrew Coppin predicts that consumer demand for beef products will not decrease within his lifetime.
Ranchbot and its Australian precursor, FarmBot, are used on approximately 5,000 ranches and in 30,000 locations across Australia and the United States.
Ranchbot established a manufacturing facility and its headquarters in Fort Worth, Texas.
Ranchbot's devices use direct-to-satellite communications provided by US-based companies GlobalStar and Viasat.
Ranchbot sells its hardware directly to ranchers for a price ranging from approximately $600 to $1,500 per device, with an ongoing operating cost of about $1 per day.
Approximately 12,000 people log into Ranchbot's software platform each week to monitor their operations.
Ranchbot's technology saves smaller ranches between $10,000 and $15,000 annually, while larger ranches report savings of hundreds of thousands of dollars per year.
Andrew Coppin predicts that U.S. cattle prices will likely experience a "sideways movement" over the next 12 to 18 months.