Agricultural News
Cost Management is a Vital Part of a Successful Cow-Calf Operations
Tue, 19 Jul 2011 09:04:58 CDT
In today's Beef Buzz, we talk with Kansas State University Livestock Economist, Kevin Dhuyvetter, about what factors make a cow-calf producer more profitable than another. Dhuyvetter says you can look at a few characteristics of the operations, such as how big is the operation, how diversified is the operation and how heavy are the cattle on the operation.
Of course, the biggest part of managing a cow-calf operation is proper cost management. Dhuyvetter says this proper cost management is important for running a successful operation. There are a lot of fixed costs with cattle operations and the costs are more important than income says Dhuyvetter.
Also, producers that are specializing and focusing more on their cattle, rather than a diversified operation with cattle and crops, are making more money says Dhuyvetter. However, Dhuyvetter also says that this recent report also confirms that the producer that is the most low cost producer has a better chance of being a high profit cow-calf producer.
Click on the LISTEN bar below to hear more from Kevin Dhuyvetter on the importance of cost management and how it can make your cow-calf operation more profitable.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Click here to read the Kansas State University report on high-, medium-, and low-cost producers.
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