Recent record prices paid for fed cattle, feeder cattle, and cull cows and bulls have a lot of industry folks talking and thinking we are at the bottom of the “10-year cattle cycle” and that we could see expansion in the future.

Smaller producers often simply accept as fact that their production costs are going to be higher than their larger counterparts. However, there are ways to become more cost-effective and profitable.

As harvest season approaches, you should have a good sense of your expected yields and the financial investments required to achieve them. To best prepare for next season, utilize this information with updated data on expenses and markets to calculate your true break-even point – defined as the value per unit where all expenses for the crop are covered by its revenue.

Protocols on a dairy farm are essential for a smooth, organized workflow, ensuring safety and efficiency for cows and farm staff. They maintain high health and well-being standards by supporting proper animal care and management.

As we work to understand the nutrition, physiology and genetic potential of the beef animal, we grow closer to formulating and implementing more precise feeding and supplementation programs. The ultimate goal is the development of nutrition programs that best and most cost-effectively support reproduction, growth and health of the cow, as well as growing and finishing cattle.

Every cow you create might not be right for your market. To withstand market ebbs and flows, you need to create cows that meet the needs of your operation.

Investing in replacement heifers without financially stressing the ranch is every beef producer’s goal. They must consider risks facing the operation, manage their financial health and discover additional income streams the ranch provides.

Is a $15 breakeven possible for a dairy farming business in 2024, given increases in input costs and inflation? Others may have their doubts, but I am a firm “yes.”

It’s uncertain what will happen in the next quarter or two, but we all want to see farms succeed. Dairy farms help feed the world, and by taking a closer look at your operations, expenses and the comfort of your cows, you can identify areas for improvement that will keep your business profitable.