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Five Key Components To Livestock Profitability


Running a farm is not easy.  It is a full-time business that requires planning, budgeting and scheduling.

In this volatile economic environment, the key to surviving any business is learning how to improve efficiency without sacrificing quality and performance. Cattle farms are really no different. Cattlemen must evaluate their current business and look for ways to cut costs without sacrificing the health and production of their herd. Livestock profitability planning can help farmers not only survive during the difficult times, but also maximize their profit potential every year.

There are several factors which are key to successful livestock profitability planning. Making improvements within different areas of your farm business will increase profits and improve overall stability. Let's take a closer look at five key components of livestock profitability planning:

Record Keeping

Keeping records is really the only way to provide historical data in which to determine the successes and failures of your business. Cattle farmers should keep financial records and records for breeding, production, pasture management, feeding, and herd health. For more information: University of Kentucky, College of Agriculture - Record Keeping Systems

Understanding and Controlling Basic Costs

This is critical to surviving and being successful in any business. Cattle producers must learn how to reduce costs while still remaining competitive in their market. See more here: Cutting Costs, Not Corners: Managing Cattle In Tough Times, a publication by University of Georgia's College of Agriculture & Environmental Science

Grazing Management

Often overlooked as part of livestock profitability planning, proper grazing management can reduce feed costs and improve animal performance, both of which will contribute to greater profitability for the farm.

Additional information:

Soil Testing

Grazing management should always include a soil test. This simple test is a proven method for determining what nutrients the soil needs. Applying unnecessary fertilizer or the wrong fertilizer is costly and time consuming and does not improve forage yield.

Additional details: Southern States - Hay Testing and Soil Testing For Forage

Herd Health

Ensuring your herd's health and nutrition has a direct impact on farm profit. Disease and death reduces growth and increases costs while a healthy herd increases profits.

Read more: Next Generation Agriculture - Nutrition and The Immune System – The Keys To Profitable Livestock Production

Interested in learning more about organizing and planning for livestock profitability? Southern States is here to help. Our livestock specialists are available for your needs.Take a look at our Livestock Specialist Directory to find a representative in your area, or look up your local Southern States store.


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