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Home » Authors » Rick Machen
Rick Machen

Rick Machen

Executive Director / Robert J. Kleberg Jr. and Helen C. Kleberg Endowed Chair / King Ranch Institute for Ranch Management
Email Rick Machen
Articles

ARTICLES

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Has cow-calf profitability tracked record-high cattle prices?

Record-high cattle prices in 2025 haven’t guaranteed universal cow-calf profitability. Success depends on purchase price, productivity, costs, cull value and discount rate. Low-cost, high-productivity managers benefit most. Outlook remains cautiously optimistic.
January 16, 2026
Rick Machen

Through mid-October 2025, excitement built across the live sectors of the beef industry, with high-price records sometimes being reset daily for many classes of cattle. Though drought conditions persisted through the Great Plains and much of the West, the fundamentals supported rising prices.


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Supporting ranch sustainability

A stool with three legs is an effective illustration of sustainability; the legs represent the three most common sustainability pillars – environmental, social and economic. Viability of the stool depends on support and involvement of all three legs.
July 1, 2024
Rick Machen

Even though sustainability has been a frequent topic of discussion among animal and natural resource stewards and consumers alike, there remains confusion within the industry regarding what sustainability actually involves.


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Will record-high prices = record-high profitability?

As cattle prices rise due to drought, low cattle numbers and other factors, the hope that profitability will come with it skyrockets. However, many factors play into profitability, not just the price of cattle.
February 27, 2024
Rick Machen

Excitement continues to build within the beef industry, spurred by higher prices for every class of cattle.


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Economic importance of cow longevity and depreciation

Cow longevity is directly related to the profitability of an operation. Cows that leave the herd before weaning a fifth calf saddle the remaining cows with extra costs.
April 17, 2023
Rick Machen

The verdict is in – an open cow is among the top three financial liabilities for cow-calf operators. Calf sales are the largest contributor to annual income; cows that fail to wean a calf are a financial burden borne by the productive cows.


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13 non-monetary incentives for ranch employees

Most people who work on a ranch don’t do it for the money. With that in mind, non-monetary incentives provided for employees who exceed expectations can be a great way to motivate and retain a great workforce.
December 21, 2022
Dave DeLaney and Rick Machen

Surveys of ranch employees indicate many forgo higher-paying jobs to pursue the culture and lifestyle that comes with ranching. Sure, wages and benefits are important, but ranch employees are motivated by means other than financial compensation.


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The value of reproduction

September 26, 2022
Rick Machen and Jason Sawyer

In cow-calf operations, reproductive rate is the foundational productive function of the enterprise. Obviously, if cows do not become pregnant, then no calves are produced for revenue generation the following year.


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Cattle grazing

Stocking rate affects ranch profitability

May 24, 2022
Rick Machen
Twenty years ago, a colleague and I began an extension publication with this sentence: “Without question, stocking rate is the most important grazing management decision a rancher makes.”
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Moving cattle

Evaluating stocker cattle cost of production and profitability

March 24, 2021
Stan Bevers and Rick Machen

Stocker cattle operators have been described as the cattle industry’s shock absorber between cow-calf producers and feedlot managers.


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Unit cost of production expressions

February 24, 2021
Stan Bevers and Rick Machen
In the first article in this series of three, we discussed the difference between unit cost of production (UCOP) and break-even price, and contend the two are not interchangeable.
Read More
Sale ring

Bragging rights require knowing costs

January 25, 2021
Stan Bevers and Rick Machen

Average calf weaning weight and market price are popular topics for discussion among cattle producers.


Read More
View All Articles by Rick Machen
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