BeefTalk: Capturing Value Is The Name Of The Beef Game
Kris Ringwall, Beef Specialist, NDSU Extension Service
Given the costs involved in producing beef, producers must strive to maximize their gross margin.
Beef production is about value. There are many components and obviously many ways to raise beef, but the bottom line is value. The product has to have value.
In economics, value is a product of supply and demand. Many educational opportunities, such as the North Dakota Farm and Ranch Business Management Education Program (http://www.ndfarmmanagement.com), have and will continue to aid producers who are active in the beef industry by helping them understand better the concept of value.
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