Are you a sheep producer looking to make informed decisions about your flock? The Sheep Producer Intentions Survey (SPIS) conducted by Meat & Livestock Australia (MLA) and Australian Wool Innovation (AWI) is calling for responses in October, providing valuable insights into the industry. Let’s delve into the key aspects of this survey and why your participation is crucial for the supply chain.
Understanding the SPIS
The SPIS is a biannual survey that offers a time series of unique data points, helping industry stakeholders comprehend the flock profile, expectations for lamb sales, breeding ewe retention, producer intentions, and sentiment analysis. With 12% of sheep producers across Australia participating in the survey, the data obtained is representative and informative.
Key Focus Areas of the Survey
The survey is divided into two waves, with the first wave concentrating on the lamb cohort. It provides an estimate of the total flock size, profiles the lamb population, and reveals insights into producer intentions for lambs and breeding ewes. The second wave shifts the focus to the breeding ewe population, offering a comprehensive view of the industry.
Importance of the October Survey
Currently open, the October survey plays a vital role in assessing producers’ lamb flocks and their intentions for the spring flush. By gathering information on lamb sales to date, projected sales for the remainder of the year, and forecasted sales for the following year, the survey helps in gauging supply volumes and timing. It serves as a valuable tool for the entire supply chain.
Benefits of Participating in the Survey
The SPIS offers numerous benefits to the industry, ensuring accurate projections, facilitating planning for processors and market analysts, and providing transparent data accessible to all stakeholders. Participants also have the option to receive a report card comparing their responses to aggregated regional data, enabling them to benchmark their performance.
Insights from Previous Surveys
The survey has provided valuable insights into producer sentiment and decision-making drivers. While lamb prices remain a significant factor influencing sentiment, other factors such as weather, input costs, and personal circumstances also play crucial roles in decision making. The survey has highlighted the diversity of factors impacting producers across different regions.
Encouraging Producer Participation
MLA emphasises the importance of producer participation in enhancing the depth and accuracy of the survey data. By participating, producers not only support industry analysis but also gain valuable insights into how their businesses and plans compare to others in their region and nationally. Your input can make a significant difference.
Take Action Now
If you are a sheep producer, seize the opportunity to contribute to industry insights by participating in the SPIS. Your input is invaluable in shaping the future of the sheep production sector and ensuring informed decision-making at every level. Click here to complete the survey and make your voice heard.
As Erin Lukey, MLA Senior Market Information Analyst, rightly says, “Your participation matters.” Join us in advancing the sheep production industry through the SPIS. Don’t miss this chance to be a part of a transformative initiative that benefits the entire supply chain. Let’s work together towards a more sustainable and prosperous future for Australian sheep producers.
Your insights are the key to shaping the future of the industry. Participate in the SPIS today and make a difference!
