Financing herd rebuilding after the 2011 drought

Financing herd rebuilding after the 2011 drought

The drought of 2011 had long-lasting impacts on cow-calf producers in the U.S. Southern Plains. Between January 2011 and January 2012, beef cow numbers in Texas were down 13.1%, down 14.3% in Oklahoma and down 10.9% in New Mexico (Livestock Market Information Center, 2012), leading to a 3.1% reduction in the U.S. beef cow herd. Rebuilding herds poses many financial challenges to individual producers, particularly generating sufficient cash flow to rebuild.

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