Animal Health, Mongolian Wealth

With abundant copper, gold, coal and uranium resources, Mongolia’s mineral wealth is estimated to be staggering US$ 1 trillion. In mid-2005, Mongolia made this treasure trove available to foreign and domestic investors alike. Mongolia’s mineral product exports increased more than six times to US$ 4 billion from 2004 to 2016. But Mongolia possesses another resource in abundance that remains relatively unknown. Mongolia has one of the highest per capita livestock ratios in the world, with 19 heads per person. And with 0.5 square km per person, it is also one of the most sparsely populated countries as well. Mongolia’s livestock sector specifically the meat industry, holds tremendous potential. Yet Mongolia has not been able to leverage this endowment into the creation of a global industry. From 2004 to 2016, agricultural product exports decreased 21% to US$ 330 million.