BeefTalk: Beef Business Full of Joyful and Sorrowful Producers
Joy and Sorrow Living Together Joy and Sorrow Living Together
By Kris Ringwall, Beef Specialist, NDSU Extension Service
The difference between those producers who were just getting by and those who were acquiring some level of wealth was more than $232 for every cow on the place.
After the recent review of articles and associated data regarding beef production priorities, a most intriguing point sticks out. There is money in the beef business. One can watch the money flow by or do something about it.
The “do something about it” phrase is the kicker. The phrase is the stamp of authenticity that joy and sorrow exist simultaneously in the beef industry and have for several decades.
A recent BeefTalk column cited data from the North Dakota Farm and Ranch Business Management program. The data revealed that the annual net return per cow in this century from the low 20 percent to the upper 20 percent amounted to $232 for every cow in the beef enterprise. Maybe I should repeat that. The difference between those producers who were just getting by and those who were acquiring some level of wealth was more than $232 for every cow on the place.
