Currently there is a lot of optimism in the cattle business with fewer cattle across the U.S.
In today’s tough economy, improving efficiency on a ranch is the key to success.
Despite improving cattle markets, watching the bottom line in an operation is more important than ever in the cattle business, and there’s not much room for equipment-related purchases that aren’t absolutely necessary, according to Ron Gill, AgriLife Extension beef cattle specialist and associate department head for the department of animal science at Texas A&M.
Recently at the 2010 Texas A&M Beef Cattle Short Course in College Station, ranchers were reminded not to get carried away with buying too much equipment to run an operation. On average, cow-calf producers operate on something around a $40/calf profit margin, said Gill. The bottom line is to be practical, he said.
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