Author: Clinton Hardy
Planning Unit: Daviess County CES
Major Program: Beef
Plan of Work: Increasing Agricultural Profitability
Outcome: Initial Outcome
The cost of production, in all aspects of agriculture, continues to increase while prices remain stable or decrease. This scenario requires producers to analyze each decision as it relates to margin management. For cow/calf operations, the cost of replacement breeding stock often takes 9 years before a positive return on investment occurs. The need to cull typically coincides with the conclusion of this period, leaving salvage value as the only profit. Understanding genetic traits, the basics of successful reproduction, and how to effectively manage animals is key to maximizing profit potential an animal has when added to a herd. Producers in the Green River Region identified the need to extend animal productivity by at least 2 years beyond the typical cull cow window. When the process of improved management and extended productivity is fully implemented, there is an additional net revenue potential of $10,000 per year for the typical 20 cow Kentucky herd. University of Kentucky Agriculture and Natural Resources agents in the Green River Area partnered with agents from Southwest Indiana and Southeast Illinois to plan and host the Midwest Beef Summit. The program was designed to meet the needs of beef producers in the tristate area. Top beef geneticists, reproductive specialists, veterinarians and economist from land grant institutions spoke at the daylong conference. Producers were informed of modern genetic traits and advancements, how to properly assist dystocia, and the economics associated with cow longevity. At the conclusion of the program, attendees identified significant knowledge gained regarding these practices. According to survey results, additional programs of this nature are needed as 98% of attendees felt better equipped to manage their cowherds for profitability after the program. Initial plans for the next program are underway.
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