From a Drovers article, North Dakota State University beef cattle specialist Dr. Greg Lardy sees rising feed and fuel costs driving cow-calf production costs higher.
While these rising costs are beyond our control, we can control our spending and also focus on getting more for our cattle. However, we can’t take these steps toward profitability without numbers.
From the article:
“There is no way to know which costs to cut if you aren’t measuring all of the cost categories for your ranch,” Lardy said. “History tells us that this business follows logical economic principles over the long term. That means that high-cost producers exit the business, while well-managed operations with lower production costs find creative methods to make money, even under very trying economic conditions. I would encourage each of you to work at measuring your cow production costs and then to manage those costs effectively.”
Read the full article over at Drovers: Cow costs continue upward
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