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Bison Boom: Demand for Wild Meat Soars

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Bison Boom: America’s Original Protein Takes Center Stage, But Drought Casts a Shadow

The American bison, a symbol of the Wild West and a staple of Native American diets, is experiencing a renaissance. The demand for lean, grass-fed bison meat is skyrocketing, driven by health-conscious consumers and even the federal government’s school lunch program. But as bison farmers celebrate record sales, a looming drought in California threatens to curb their growth.

Ken Childs, owner of the Star B Buffalo Ranch east of San Diego, has witnessed the bison market boom firsthand over decades. "The market has grown steadily," he says, noting that despite the higher cost – grass-fed ground buffalo meat can run $12 per pound and steaks three times that – the industry projects over $300 million in sales this year, a 7% increase.

“Consumers are choosing bison for its leanness,” explained Childs. “It’s a healthier alternative to beef.”

However, the drought gripping California is casting a shadow over the industry. "We depend on rainfall to grow grass," said Childs, "and without it, we have to cut back on our herd size.”

This means relying on costly supplemental feed like alfalfa. “So much of it is exported from this region, we pay exorbitant prices,” lamented Childs.

Despite the challenges, Childs remains optimistic about the future of bison, calling it a "bull market." But even with strong demand, the industry faces hurdles. The USDA still classifies bison as wild game, making it difficult to find slaughterhouses willing to handle them. The limited number of bison also discourages processing facilities from making the necessary adjustments.

While the demand for bison meat is soaring, the drought and processing limitations serve as reminders that its path to becoming a mainstream protein source is still paved with challenges. As the Wild West icon continues its comeback, the future of bison remains intertwined with the delicate balance between market forces and the realities of climate change.

It’s America’s Original Protein, and Now It’s Hottest: Bison Puts the Paleo in the Paleo Diet

Bison, a lean and flavorful meat native to North America, is experiencing a surge in popularity, thanks to growing demand from health-conscious consumers and the appeal of its "wild" factor. While the industry anticipates a record $300 million in sales this year, ranchers face challenges, particularly in drought-stricken regions like California, where high feed costs threaten their bottom line.

Key Takeaways:

  • **Bison meat is in high demand due to its leanness and perceived health benefits, driving industry sales to an estimated $300 million in 2023.
  • Ranchers in California are facing challenges from the ongoing drought, forcing them to cut back on herd sizes and rely heavily on expensive supplemental feed like alfalfa.
  • Despite its popularity, bison meat still faces various logistical hurdles, including limited slaughterhouse capacity and categorization as wild game by the USDA.

The Bison Boom: A Paleo Powerhouse

Bison, once a staple of the American diet, is making a comeback. The appeal of this lean, flavorful meat is multifaceted. It fits perfectly into the burgeoning paleo diet, which emphasizes eating whole, unprocessed foods like those our ancestors consumed. Bison, being a naturally raised animal, offers a compelling alternative to conventionally raised beef.

"I’d love to have more animals here," says Ken Chiles, a rancher who has raised bison for decades at the Star B Buffalo Ranch east of San Diego. Chiles has witnessed firsthand the steady growth of the bison market. “The market is growing, people are hungry for it. This is a high-end food,” he adds.

The numbers tell the story. The bison industry expects to surpass $300 million in sales this year, reflecting a 7% increase. This trend is driven by health-conscious consumers seeking lean proteins and the alluring "wild" factor associated with bison. Even the federal government is getting in on the action, incorporating bison into the National School Lunch Program as a healthier alternative.

Drought’s Shadow Looms Over California Ranchers

While the bison market thrives nationally, California ranchers are facing a unique hurdle: the ongoing drought. This predicament has significantly impacted the bison industry in the state.

"We depend on the rainfall for our grass to grow," explains Chiles. "If we don’t get that grass, we’ve simply got to cut back on how many animals we can keep on the property."

The lack of natural grazing has forced ranchers like Chiles to rely heavily on supplementary feed. Alfalfa, a common choice, has become exorbitantly priced due to strong demand from the Japanese market. This leaves ranchers like Chiles with a tough choice: shell out exorbitant prices for feed or reduce their herds, impacting their bottom line.

Despite its popularity, the bison industry faces several logistical challenges. The US Department of Agriculture (USDA) still classifies bison as "wild game," a designation that creates hurdles for processors.

"Many slaughterhouses will not handle them," notes Chiles. "There’s just not enough of them to warrant altering their facilities for these large animals.”

Another issue is scale. Approximately 67,000 bison were processed last year – a respectable number but dwarfed by the daily beef cattle processing volume, which exceeds 134,000. This disparity underlines the need for increased infrastructure and processing capacity to accommodate the growing bison market.

The Future of Bison: A Lean Protein With Challenges Ahead

The demand for bison meat continues to climb, fuelled by its health benefits and "wild" appeal. However, the drought in California and the logistical challenges within the industry represent roadblocks that ranchers must overcome.

“I think there is a future for it,” Chiles states optimistically. “Whether it can ever be like beef, I don’t know."

The future of bison remains uncertain. While it faces challenges, its popularity and the increasing demand for sustainable, healthy protein sources suggest that bison is here to stay, putting the "paleo" in the paleo diet.

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Alex Kim
Alex Kim
Alex Kim is a financial analyst with expertise in evaluating and interpreting analyst ratings on various stocks.

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