Author: Brian R. WilliamsPublisher:
ISBN:
Category :
Languages : en
Pages : 90
Book Description
Analyses of Retained Ownership and Value-added Management Practices by Cow-calf Producers
Author: Brian R. WilliamsCow-calf Risk Management Among Kansas Producers
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
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.
The Feasibility of Retained Ownership Strategies for Cow-calf Producers
Author: Kay AlbrightPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
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.
Understanding the Communication Link Between Cow-calf Producers and Buyers
Author: Hayley BorissManagement Strategies for Sustainable Cattle Production in Southern Pastures
Author: Monte Rouquette Jr.Publisher: Academic Press
ISBN: 0128144750
Category : Technology & Engineering
Languages : en
Pages : 364
Book Description
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
Management Practices Associated with Profitable Cow-calf Herds
Author: Retained Ownership - Production and Marketing Alternatives for Cow-calf Producers
Author: Randall D. LittlePublisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 52
Book Description
Economic Feasibility of Retained Ownership for Cow-calf Producers
Author: Lipinski, GarthPublisher: [Regina] : Saskatchewan Agriculture and Food
ISBN: 9780886567347
Category : Beef cattle
Languages : en
Pages : 13
Book Description
Utilizing Lifetime Performance Measures on Fed Cattle to Evaluate Management Strategies for the Cow-calf Producer
Author: Roberta M. SlatteryPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Newer marketing techniques and production technologies have made large amounts of data available in fed cattle production that previously were not available to the cow-calf producer. The application of this data in breeding and management practices has only begun to be evaluated. This research used individual records, taken from birth to slaughter, on 6,360 calves from a single cow-calf producer who retained ownership of the calves through a custom feed yard and marketed them in a grid system. Using this information, four major topics were analyzed; identifying profitability drivers among animal characteristics, assessing weaning weight as a predictor of finished performance, utilizing lifetime performance of calves to evaluate cow productivity, and quantifying the effects of illness on cattle efficiency and carcass quality. The main profitability driver was hot carcass weight, while avoiding quality and yield grade discounts was also imperative to returns. Weaning weight did not prove to be a highly accurate tool to predict the finished quality and profitability of an animal. Evaluations of cow performance based on calf productivity were accomplished, accounting for all variation possible, however since sires were not known these performance evaluations may not be capturing an accurate picture of maternal influence on calf genetics. Performance evaluations can still be useful, but it is suggested that they not be the basis for all culling and replacement decisions. Evaluating calves based on the age of their dam highlights a peak in performance in most all measures when a cow is 7 years old. Illness in the feedlot linearly affected Net Return in a negative fashion and also negatively influenced Return to Ranch. This was mostly related to losses in efficiency, but also losses in hot carcass weight and dressing percentage in highly treated animals.
Kansas Cow-calf Production Efficiency
Author: Hannah Elizabeth ShearPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
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.