Canadian County Hosts Transitioning and Investing in the Cattle Industry on Thursday EveningSun, 22 Jan 2012 14:43:58 CST
The Canadian County Cattlemen's Association will host a timely meeting on Thursday, January 26th discussing the effects of last year's drought and cattle liquidation in Oklahoma. The mission of our meeting is to present management strategies designed to better manage livestock operations coping with an assortment of drought induced problems.
OSU Extension Ag Economics Specialists, Dr. Derrell Peel, Dr. Damona Doye, and J.C. Hobbs will make presentations about livestock production outlook, financing herd rebuilding and tax issues respectively. Each speaker will focus on how cattle producers can best cope with the impacts of drought as we enter a new year filled with challenges and opportunities.
This meeting is designed to highlight and address issues that are not even on the producer's radar screen yet. Our speakers' mission is to give beef producers a roadmap of various ideas to consider going forward.
One consequence left from last year's drought is that many older livestock producers seem to be pondering whether they should rebuild their cattle inventories decimated by liquidation. This meeting will touch on the route folks thinking about downsizing or retiring should contemplate to facilitate a transition out of the land and cattle business.
Parallel with that line of thinking are other cattle producers looking to grow their beef operation beyond its current size. Generational transfer of ranching operations is an interesting dynamic for producers wanting to downsize. Many do not know how to proceed or what strategies exist to cooperate with other cattlemen interested in ranch expansion.
This two hour seminar will introduce participants to a new package of materials developed by OSU's Department of Agricultural Economics. Whether you are currently in a downsizing or an expansion mode, this program is designed to present options that will have everyone thinking outside the box in terms of investing in or transitioning out of the cattle industry.
The meeting will take place in the Seminar Room at the Canadian Valley Career Tech Center on Highway 66 across from OKC West Livestock Auction. We will begin with dinner at 6:00 pm followed by two hours of vital information cattle producers need for 2012.
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