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Home » cost of production

Articles Tagged with ''cost of production''

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You can farm, but you also need to manage your financials

Good financial management includes utilizing a timely and accurate balance sheet, an accrual-adjusted income statement and a cash flow statement.
July 17, 2023
Brad Guse

“Leave me alone and let me farm!” I’ve heard this from many a client over the years, sometimes in response to my request for timely financial reporting. But it is the wrong response. 


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What cattle producers should prioritize in an inflationary market

Inflation and interest rate increases are raising expenses and requiring producers to obtain more credit. To safeguard their finances, producers should use suitable loan terms, mitigate price risk and assess their risk tolerance.
July 14, 2023
Josh Davis and Boston Howe

As record-breaking inflation continues to make headlines, few consumers or industries aren’t feeling the impact of higher prices and interest rates. But even during times of incredible market volatility, producers can mitigate their risk and create staying power for the future.


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Recording and analyzing data: Does it really help?

Measuring weights and accurately recording health events can help improve management decisions, which is how we improve over time.
July 14, 2023
Kevin Dhuyvetter

You have probably heard the saying “If you don’t measure it, you can’t manage it” or some variation of it. But is this really true? Dairy managers, and people in all industries, routinely manage things that are not measured.


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Focusing on adding value regardless of market trends will equal long-term benefits

Even when prices are high, taking the time to add value to the calf crop through simple protocols can pay off and set producers ahead for the future.
June 26, 2023
Allyson Dalton

“I’ve noticed it before, not just in this cycle,” says Kenny Burdine, extension professor in livestock economics at the University of Kentucky. “There is a tendency with some producers, when prices are high, to almost become satisfied and to be less focused on adding value when they feel like they are getting a pretty good price for their calves.”


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Goal-driven management takes dairies to the next level

Using measurable benchmarks; maintaining a goal-driven management culture; and identifying a set of key advisers and employees to regularly review cow health, production and forage metrics are three steps dairies can take to improve financial performance.
June 16, 2023
Scott Earnest

To capture the full potential of genetics, facilities, feed and precision technology, dairies need to establish and maintain a strong culture of goal-driven management and human accountability.


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Asking ‘why?’ with system thinking on the ranch

A perspective for problem-solving on the ranch may involve positing uncomfortable questions. What we did to create ranch solutions in the past may have created some problems today.
May 2, 2023
Aaron Berger

Ranches are dynamic biological systems where numerous things interact with one another in the “whole” of the ranch. This makes decision-making for ranch managers challenging, as often the interaction of multiple factors needs to be considered in order to achieve a desired outcome.


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Putting on my big boy pants

March 21, 2023
Tyrell Marchant

I have a major bone to pick with the American blue jean industry. Seriously, have you gone shopping for jeans lately? It’s not uncommon to find price tags ranging from $29.99 all the way up past the century mark, all on the same shelf.


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What happened to your breakeven?

Rising interest rates will have an impact on cost of production and breakeven and may require additional communication with lenders, advisers and vendors, as well as right-sizing risk management tools and operations.
January 19, 2023
Leland Kootstra

With all the talk around interest rates, inflation and feed prices, I’d like to take some time to work through how they will impact your farm and the dairy industry as a whole in 2023.


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I wouldn’t have seen it if I hadn’t believed it!

November 16, 2022
Jeff Miller

Have you ever walked into a movie theater, excited to be entertained for the next two hours, only to realize the film is a flop?


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Cow-calf theater: How much is for show?

September 26, 2022
Jordan Thomas

When lecturing to the beef production capstone course in the division of animal sciences at the University of Missouri, I like to ask uncomfortable questions.


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