Cow/Calf Cost of Production Goals - PowerPoint PPT Presentation

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Cow/Calf Cost of Production Goals

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  1. Cow/Calf Cost of Production Goals Oklahoma State University

  2. Goal setting starts with an evaluation of ranch performance…. • Determine profitability of the ranch • Identify areas where the ranch business has excelled • Identify opportunities for improvement

  3. Why Evaluate Ranch Performance? • Provide for more informed decisions!

  4. Benchmarks from SPA Data Standardized Performance Analysis (SPA) is... A management tool to integrate production and financial data in performance measures. Cow-Calf SPA ... helps identify possibilities for change in the cow-calf enterprise. It is not a record-keeping program!

  5. Financial Records Building Standardized Performance Analyses SPA-F Accrual Adjustments QUICKEN SPA SPA-P Production Records

  6. Why is standardization needed?

  7. April 1, 2000 81 calves/96 cows = 84.4 calving % Right or wrong? Calving %

  8. Calving % How many females were exposed at breeding? 96 cows now, culled 8 since breeding, one died...

  9. What We Are LearningFrom SPA Data Production is important... Marketing is important... Managing production costs is critical!

  10. Production Performance % 1991-98

  11. Production Performance lb 1991-98

  12. What are the differences between the most and least profitable herds? 1991-98 TX, NM, OK 291 herds

  13. SPA Statistics

  14. SPA Statistics

  15. SPA Statistics

  16. SPA Statistics

  17. SPA Statistics

  18. SPA Statistics

  19. SPA Statistics

  20. What are the differences in production and financial statistics for small vs. large herds?

  21. SPA Statistics

  22. SPA Statistics

  23. SPA Statistics

  24. SPA Statistics

  25. What We Are LearningFrom SPA Data Production is important... Marketing is important... Managing production costs is critical!

  26. To be continued..… with your assistance!

  27. Projections for one or more years lead to better management decisions. Planning Control Implementation