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Cow/Calf Cost of Production Goals. Oklahoma State University. 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. Why Evaluate Ranch Performance?.
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Cow/Calf Cost of Production Goals Oklahoma State University
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
Why Evaluate Ranch Performance? • Provide for more informed decisions!
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!
Financial Records Building Standardized Performance Analyses SPA-F Accrual Adjustments QUICKEN SPA SPA-P Production Records
April 1, 2000 81 calves/96 cows = 84.4 calving % Right or wrong? Calving %
Calving % How many females were exposed at breeding? 96 cows now, culled 8 since breeding, one died...
What We Are LearningFrom SPA Data Production is important... Marketing is important... Managing production costs is critical!
Production Performance % 1991-98
Production Performance lb 1991-98
What are the differences between the most and least profitable herds? 1991-98 TX, NM, OK 291 herds
What are the differences in production and financial statistics for small vs. large herds?
What We Are LearningFrom SPA Data Production is important... Marketing is important... Managing production costs is critical!
Projections for one or more years lead to better management decisions. Planning Control Implementation