- Veterinarian shortages are not new. What is new is the realization that it is about to get worse, according to experts. Research from Penn State University shows that about 50% of rural veterinarians currently in practice are within five years of retirement, and only 5% are food animal veterinarians working on food, fiber or milk-producing animals.
- A federal appeals court ruling and an FDA advisory on extra label use means FDA’s VCPR limitations still apply only to extra label drugs.
- Total pet spending was $117.60B, up $14.89B (+14.5%), in 2023, reports Pet Business Professor. All segments increased sales. Pet food and veterinary spending had double digit growth while supplies and services spending was up 4.9+%. By itself, pet food had a record increase of $6.81B, up 32% from 2021.