Download or read book Determining the Optimal Start up Strategy for a Cow calf Producer to Maximize Long term Profitability and Minimize Risk written by Jared Matthew Bruhin and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The average age of American farmers has steadily increased for decades, with 63% over the age of 55 according to USDA-NASS. There has also been a trend of declining young and beginning farmers entering agriculture. Young farmers face increased financial requirements, more competition for land, and changes to lending regulations. Currently, there is limited research focusing on strategies for producers to profitably enter agriculture, specifically cow-calf production. The objective of this research was to analyze the net present value (NPV) associated with two start-up strategies for a small-scale cow-calf producer in Tennessee (one – starting with ten bred heifers and growing to 30 head; two – starting with 30 bred heifers and maintaining the 30 head herd size). Using data from University of Tennessee Cow-Calf Budgets and historical Tennessee cattle prices, the discounted free cash flow (FCF) method was followed to calculate expected NPV and modified internal rate of return (MIRR) for each start-up strategy. Monte Carlo simulations were run to estimate uncertainties around cattle price. Both strategies had NPV less than -$118,000 and MIRR lower than -12% in the baseline models. Strategy one had larger negative FCF and smaller annual loan payment and compared to strategy two’s smaller negative FCF but larger annual loan repayment. Both strategies are highly (>95%) likely to have larger than -$100,000 NPV. Off farm income needed to break even is very important for both strategies to remain viable throughout the ten year forecasted period. Strategy (to start small and grow the herd over time) has less risk exposure while achieving the least negative NPV and is the preferred start-up strategy determined in this study. These results should help beginning cow-calf producers and agricultural lenders better understand the financial costs and risks involved with starting a small cow-calf operation. Additionally, this study can be used to assist Extension educators to demonstrate the importance of off-farm income for small-scale beef producers in Tennessee.
Download or read book Cow calf Production and Marketing Decisions in East Texas written by Tesfaye Gebremeskel and published by . This book was released on 1977 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Art of Raising and Marketing Premium Beef written by Barrett Williams and published by Barrett Williams. This book was released on 2024-07-08 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: **Unleash the Potential of Premium Beef Production with 'The Art of Raising and Marketing Premium Beef'** Step into the world of top-tier beef production with "The Art of Raising and Marketing Premium Beef," your essential guide to mastering every aspect of this lucrative industry. Whether you're an aspiring farmer or a seasoned producer, this comprehensive eBook is tailored to provide you with cutting-edge strategies and practical advice to elevate your beef production game. **Dive Deep into Understanding Premium Beef** Discover what sets premium beef apart. Learn to define and recognize high-quality beef, understand the benefits of producing it, and stay ahead with insights into market demand and trends. **Master Selective Breeding Strategies** From choosing the right genetics to advanced breeding techniques, gain the knowledge needed to optimize your herd's potential. Know how to evaluate breeding stock and enhance your cattle's lineage for superior beef quality. **Implement Optimal Calving Practices** Prepare for a successful calving season with our detailed guidance. Explore essential tactics for calf health, nutrition, and early interventions to ensure strong and healthy livestock from the get-go. **Perfect Nutrition Management** Develop balanced diets and sustainable feed sources for your cattle. Learn to monitor nutritional intake meticulously to foster prime beef quality consistently. **Enhance Grazing and Pasture Management** Maximize forage yield and assess pasture quality effectively. Implement rotational grazing techniques that sustain the environment while boosting cattle health. **Prioritize Health and Wellness** Adopt preventative veterinary care and manage common illnesses strategically. Discover methods to reduce stress in your herd, promoting overall wellness. **Optimize Housing and Shelter** Design functional and comfortable cattle housing that supports their health throughout the seasons. Ensure optimal ventilation and hygiene to maintain a pristine living environment. **Leverage Technology and Sustainable Practices** Utilize modern farming equipment and technological advances to streamline your operations. Embrace sustainable practices that minimize environmental impact and conserve vital resources. **Excel in Marketing and Pricing Strategies** Build a unique brand, engage with consumers, and leverage social media. Understand market value and set competitive prices to ensure profitability. **Navigate Legal and Regulatory Compliance** Stay informed about industry regulations, food safety standards, and necessary certifications to maintain compliance and bolster your credibility. **Future-Proof Your Beef Production** Explore future trends and innovations that will shape the premium beef industry. Prepare for market shifts and stay ahead of the competition. **Case Studies and Success Stories** Learn from leading producers and draw inspiration from overcoming challenges. Discover inspirational stories that pave your path to success. Unlock the secrets to exceptional beef production and marketing with "The Art of Raising and Marketing Premium Beef." Elevate your farming operations and achieve excellence in every aspect of the premium beef industry. Your journey to top-tier beef production starts here!
Download or read book Kansas Cow calf Production Efficiency written by Hannah Elizabeth Shear and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The beef cattle sector has been, and continues to be, the single largest sector in the Kansas agriculture industry, with cattle and calves generating $8.27 billion in cash receipts in 2017 (KDA 2018). In 2017, Kansas produced nearly 5.69 billion pounds of red meat, or nearly 11 percent of the nation's total (KDA 2018). According to estimates prepared by the Kansas Department of Agriculture, beef cattle farming and ranching has a direct output of approximately $6.3 billion. The cow-calf sector is the beginning of the beef industry; therefore, understanding the factors influencing profitability, efficiency, and structure is very important. The objective of this study is to examine the efficiency of beef cow-calf production in Kansas. Technical, allocative, and scale efficiencies of cow-calf operations are estimated, as well as, analysis on the relationship between input costs and efficiency and profitability and efficiency. Beef cow-calf operations vary considerably in size, available resources, profitability, and the use of technology. The variability in profitability suggests room to improve both production and financial management practices. In addition to estimating efficiency measures of cow-calf operations, the study identifies how marketing strategies (selling calves vs. selling feeders) impacts efficiency. This study contributes to the existing literature by estimating efficiencies for cow-calf producers and identifying production characteristics that impact efficiencies, in addition to, introducing the use of super-efficiency in the cow-calf industry segment. The nonparametric Data Envelopment Analysis approach, along with regression analysis, is used to determine how marketing strategies and production characteristics are correlated with efficiency and profitability. The Kansas Farm Management Association data are used in this analysis with cow-calf producers analyzed in two groups based on their marketing strategy (sells calves or sells feeders). Three years of whole-farm and enterprise data are included in the study, with a total of 240 producers selling calves and 264 producers selling feeders between 2018 and 2020. An input orientation is applied including feed, labor, utilities, and veterinary costs. Output is defined as the gross farm income (in dollars). Producers selling feeders were more technically efficient than those selling calves in both 2018 and 2019; however, in 2020, those that sold calves were slightly more technically efficient on average (0.840) than those that sell feeders (0.830). Technical efficiency was relatively more important than scale and allocative efficiency for both marketing strategies across almost all years (one exception in 2020, with producers marketing calves, where the allocative efficiency correlation coefficient was higher than technical). Technical efficiency was relatively more important in explaining profitability than either allocative or scale efficiency. Regressions indicated that a 0.10 increase in pure technical efficiency increases net income per cow by $96. A 0.10 increase in allocative and scale efficiencies increases net income per cow by $48 and $97, respectively. This suggests that producers that are experiencing low (or negative) levels of profitability should concentrate on adjusting the size of their herd relative to reducing input use per unit of output. Labor costs had the most impact on technical and allocative efficiency, while feed costs had the greatest impact on scale efficiency. Suggesting that producers wanting to impact their efficiency should focus on feed and labor costs.
Download or read book Understanding the Communication Link Between Cow calf Producers and Buyers written by Hayley Boriss and published by . This book was released on 2005 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cow calf Risk Management Among Kansas Producers written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Considerable risk is present in today's ranching world; especially price and production risk. A producer who can tolerate more risk, and is knowledgeable about how to effectively manage price and production risk, may have opportunity to increase profitability relative to a highly risk averse producer. The purpose of this study is to investigate perceptions and sources of risk, identify how risk management is conducted, assess price and production risks, and view differences between producers' perceptions versus their attitudes towards risk and factors that affect risk. In order to investigate cow-calf producers' perceptions of risk, an instrument was created to survey beef cow-calf producers in the Kansas Farm Management Association (KFMA). Respondents provided information on their production practices, marketing methods, operating decisions and risk related to their cow-calf operations. A risk preference score for individual producers was developed from specific survey questions to determine three objectives: to classify producers' risk preferences related to their operating decisions; determine operating decisions that affect risk preferences; and identify what production and marketing practices in which producers were willing to risk for a chance to increase the net returns to their operations. A bi-directional causality between risk aversion and operation characteristics was illustrated between how operating decisions are related to risk aversion, and risk aversion is related to operating decisions. Factors that were found to influence risk aversion were socioeconomic factors such as age, off-farm income, debt-to-asset ratio, farm size, and number of cows owned, as well as comparative advantages of producer's: use and analysis of new technology, business planning skills and marketing skills. Models showing how risk aversion was related to production management focused on producer's financial soundness, production practices and marketing methods, specific to retained ownership. Producers who would participate in value-added programs to increase returns to their operation have a comparative advantage in marketing skills, own more cattle, and are less diversified in terms of their farm enterprise incomes.
Download or read book An Analysis of Texas Cow calf Producer Objectives written by Katherine DeLayne Young and published by . This book was released on 1989 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Diverse Structure and Organization of U S Beef Cow Calf Farms written by William D. McBride and published by DIANE Publishing. This book was released on 2011-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beef cow-calf production in the U.S. is widespread, occurring in every State. Nearly 765,000 farms, about 35% of the 2.2 million farms in the U.S., had a beef cow inventory in 2007. Most of these were small, part-time operations. This study examines the structure, costs, and characteristics of beef cow-calf producers. Many small operations are "rural residence farms" that specialize in beef cow-calf production, but their income from off-farm sources exceeds that from the farm. Most beef cow-calf production occurs on large farms, but cow-calf production is not the primary enterprise on many of these farms. Operators of beef cow-calf farms have a diverse set of goals for the cattle enterprise. Charts and tables. This is a print on demand report.
Download or read book Cow Ranching Riches written by Dr Fernando Florence and published by Independently Published. This book was released on 2024-03-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Cow Ranching Riches" is more than simply a book; it's a comprehensive guide to mastering the art of dairy farming for long-term cattle production and dairy enterprise success. Authored by acclaimed expert Dr. Fernando Florence, this thorough guide is a must-have for anyone wishing to succeed in the dairy farming industry. Dr. Florence, drawing on years of hands-on experience and academic understanding, gives a detailed strategy for success in the dairy sector. Whether you're a newbie enthusiast or a seasoned professional, this book provides vital insights and practical techniques for taking your dairy farming business to new heights. Inside "Cow Ranching Riches," you will find: Proven strategies for improving herd health and productivity. Strategic perspectives on good farm management and operations. Expert advise on breeding, nutrition, and animal care. Innovative marketing strategies for maximizing profits. Sustainable practices promote environmental care and long-term profitability. Dr. Florence's straightforward style and abundance of knowledge make complex subjects understandable to readers from various backgrounds. Each chapter is precisely prepared to provide actionable guidance and real-world solutions, ensuring that you not only comprehend but also know how to apply the principles on your own dairy farm. In today's dynamic agricultural landscape, success involves more than simply hard effort; it also necessitates intelligent decision-making and strategic forethought. "Cow Ranching Riches" provides you with the tools and tactics you need to overcome obstacles and capitalize on opportunities in the dairy sector. Don't pass up this opportunity to turn your dairy farming business into a profitable and sustainable enterprise. Order your copy of "Cow Ranching Riches" today and begin your journey to dairy farming success!
Download or read book The Feasibility of Retained Ownership Strategies for Cow calf Producers written by Kay Albright and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Retained ownership can generally be described as when a producer does not sell his or her calf crop immediately after weaning but keeps the calves for an extended period of time. This is a decision that is made by the cow-calf producer every year and may or may not change from year to year. For some, the decision is based on past practices while others will evaluate the market before making a decision. There are various levels of retained ownership that can be modified to fit a producer's operation and can range from a preconditioning program to finishing the cattle in the feedlot. This study specified various retained ownership scenarios in order to be able to analyze the situations. Budgets were used to analyze the optimum phase of production at which to sell calves that is most profitable while taking risk into consideration. Specifically, budgets were developed for scenarios of four cow-calf herds, four backgrounding phases, two grazing phases, and six custom feedlot phases. These budgets were used to produce sixteen potential retained ownership scenarios. The scenarios range from selling the calves immediately after weaning to owning the cattle through finishing at the feedlot. Each scenario was then analyzed based on the net returns over a 10-year period. Additionally, the scenarios were analyzed based on net returns over feed costs. Target MOTAD was used to analyze the risk component of the scenarios. Although most of the net returns were negative for all scenarios, retained ownership showed a trend of improving net returns. However, along with the improved returns came a greater variability in returns which is unattractive to a risk adverse producer. Target MOTAD results on a net return basis selected the cow-calf only phase of production in all scenarios.
Download or read book The Diverse Structure and Organization of U S Beef Cow Calf Farms written by William McBride and published by . This book was released on 2012-06-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beef cow-calf production in the United States is widespread, occurring in every State. Nearly 765,000 farms, about 35 percent of the 2.2 million farms in the United States, had a beef cow inventory in 2007. Most of these were small, part-time operations. About a third of farms that raise beef animals had a beef cow inventory of less than 10 cows, more than half had fewer than 20 cows, and nearly 80 percent had fewer than 50 cows. In this study, ERS uses data from USDA's 2008 Agricultural Resource Management Survey for U.S. beef cow-calf operations to examine the structure, costs, and characteristics of beef cow-calf producers. Many small operations are "rural residence farms" that specialize in beef cow-calf production, but their income from off-farm sources exceeds that from the farm. Most beef cow-calf production occurs on large farms, but cow-calf production is not the primary enterprise on many of these farms. Findings suggest that operators of beef cow-calf farms have a diverse set of goals for the cattle enterprise.
Download or read book Management Strategies for Sustainable Cattle Production in Southern Pastures written by Monte Rouquette Jr. and published by Academic Press. This book was released on 2019-08-22 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Strategies for Sustainable Cattle Production in Southern Pastures is a practical resource for scientists, students, and stakeholders who want to understand the relationships between soil-plant interactions and pasture management strategies, and the resultant performance of cow-calf and stocker cattle. This book illustrates the importance of matching cattle breed types and plant hardiness zones to optimize cattle production from forages and pastures. It explains the biologic and economic implications of grazing management decisions made to improve sustainability of pastures and cattle production while being compliant with present and future environmental concerns and cattle welfare programs. - Documents the effects of cattle grazing on greenhouse gas emissions and carbon footprints - Discusses strategies to enhance soil fertility, soil health, and nutrient cycling in pastures - Provides information on the use of stocking rates, stocking strategies and grazing systems to optimize cow-calf production of weaned calves and stockers. - Presents innovations in cattle supplementation and watering systems to minimize negative impacts on water and soil health - Includes methods for weed control to maintain pasture condition and ecosystem stability - Describes management strategies to integrate cattle operations with wildlife sustainability
Download or read book Economics of Transitioning from a Cow calf yearling Operation to a Stocker Operation as a Potential Strategy to Address Brucellosis Risk in Northwestern Wyoming written by Shane P. Ruff and published by . This book was released on 2017 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nebraska Cow calf Operations Use of Pricing Tools and Market Diversification Strategies to Manage Market Risk written by Logan A. Kalkowski and published by . This book was released on 2021 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis is the work of Logan Kalkowski with assistance and direction from the University of Nebraska-Lincoln and advisors Jay Parsons and Elliott Dennis. This thesis is divided into three chapters. The first chapter of this thesis investigates years of research and data collection from multiple agencies to find connections to reasoning for producers to choose marketing and diversification tools used in their operation. The second chapter examines cow-calf marketing and risk management practices in Nebraska. Marketing and risk management behavior are examined by using the University of Nebraska-Lincoln Cow-calf survey data collected in 2016. The survey captures characteristics of operations and their use of marketing and risk management practices. While it is important to understand what operations are doing currently, it is also important to understand what options are available to these producers in the marketplace. This chapter explains the marketing and risk management options available to cattle producers. The third chapter of this thesis examines the relationship between producer characteristics and use of market strategies. This is examined because of the importance of market timing and location when making decisions to retain or sell livestock. This chapter uses a multinomial logit model to examine four modes of action discussed in chapter two. The four modes of action are grouped by how individuals responded to specific marketing questions and are examined to see if there are similarities in the operations connected to each mode.
Download or read book Profitable Cattle Marketing for the Cow calf Producer written by John C. McKissick and published by . This book was released on 1992 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production and Economic Efficiencies of Intensified Cow calf Production Management Systems written by Jason M. Warner and published by . This book was released on 2015 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of four experiments conducted was to evaluate production and economic efficiencies of intensified cow-calf production management systems. The first experiment tested the effect of calf age at weaning on cow and calf performance and feed utilization at 2 locations. Body weight change from early to conventional weaning time was greater for early-weaned cows. Cow BCS and conception rates were not impacted by weaning. Calf BW at conventional weaning time was greater for conventionally-weaned calves than early-weaned calves at ARDC, but greater for early-weaned than conventionally-weaned calves at PHREC. Calf ADG per unit of total feed energy intake was greater for nursing pairs at ARDC, but not different between early- and conventionally-weaned pairs at PHREC indicating early-weaning may have minimal effect on reducing feed energy requirements. In Exp. 2, the effect of post-weaning management system and calf age at weaning was evaluated on growing and finishing performance, carcass characteristics, and economics of calves produced from an intensively managed cow-calf system. During growing, fast-track cattle had improved DMI and ADG. Finishing DMI, ADG, HCW, and marbling were greater for slow-track cattle at the same 12th rib fat thickness. Breakeven was similar and profitability greater for fast-track. Weaning age had minimal impact, but post-weaning management influenced subsequent performance and economics demonstrating the value of alternative management systems. The third experiment studied supplementation of ethanol by-products and low-quality forages to cow-calf pairs grazing smooth bromegrass pastures as a method to reduce grazed forage intake. Supplementation replaced approximately 40% of grazed forage intake suggesting that ethanol co-products and low-quality forages can replace grazed forage intake allowing for increased stocking rate without impacting animal performance. An analysis of profitability of intensively managed cow-calf systems utilizing distillers grains and crop residues and the economic sensitivity of profitability to changes in feed costs, feeder cattle prices, replacement female costs, and reproductive rates was conducted in Exp. 4. Greater returns were projected as weaning percentage increased, but the economic feasibility and extent of positive returns of such a system will be dependent on price relationships for feed and calves and cowherd reproductive performance.
Download or read book NorFor written by Harald Volden and published by Springer Science & Business Media. This book was released on 2011-10-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: NorFor is a semi-mechanistic feed evaluation system for cattle, which is used by advisors in Denmark, Iceland, Norway and Sweden. This book describes in detail the system and it covers five main sections. The first is concerned with information on feed characteristics, feed analysis and feed digestion methods. The second section describes the digestion and metabolism in the gastrointestinal tract and the supply and requirement of energy and metabolizable amino acids. The third section considers the prediction of feed intake and physical structure of the diet. The fourth section focuses on model evaluation and the final section provides information on the IT solutions and feed ration formulation by a non-linear economical optimization procedure. This book will be of significant interest to researchers, students and advisors of cattle nutrition and feed evaluation.
