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“Grazing Education Program Increases Livestock Producer Profitability”

“Grazing Education Program Increases Livestock Producer Profitability”. Wesley Tucker Agriculture Business Specialist Bolivar, MO. Tucker Farms Tunas, MO. Heather & Jordan. Tucker Farms. MU Extension since 2001 My job is to help you make more money. The MO Grazing School Program.

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“Grazing Education Program Increases Livestock Producer Profitability”

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  1. “Grazing Education Program Increases Livestock Producer Profitability” Wesley Tucker Agriculture Business Specialist Bolivar, MO

  2. Tucker Farms Tunas, MO

  3. Heather & Jordan

  4. Tucker Farms

  5. MU Extension since 2001 • My job is to help you make more money

  6. The MO Grazing School Program • Started in 1990 by Jim Gerrish, Ron Morrow, and Maurice Davis • 3 day long intensive forage management education • Original partners: • MU-FSRC • MU Extension • USDA-NRCS • MFGC/GLCI

  7. Linneus Grazing Schools… • 2975 people from 40 states & 10 foreign countries have attended Linneus Grazing Schools • Started regional grazing schools throughout the state in 1995

  8. Regional Schools… • Developed a CD for use by grazing school instructors • From 1995 – present over 13200 people have attended 480 regional grazing schools

  9. 2012 – 28 grazing schools with 750 participants • 2013 – 26 grazing schools with 558 participants • Grazing schools using similar format now taught in several states

  10. Why am I at a WIA conference talking about grazing schools?

  11. “Weaning Time – To Sell or Not to Sell” Wesley Tucker Agriculture Business Specialist

  12. Average Value of 100 Pounds of Gain on Feeder Steers, 2003-12 Starting Weight, lbs Starting Weight, lbs Start 350 450 550 Start 350 450 550 Month --dollars/cwt of gain-- Month --dollars/cwt of gain-- Jan 129.12 118.41 109.33 Jul 97.70 84.48 91.80 Feb 114.11 100.66 89.76 Aug 79.47 66.39 73.93 Mar 105.68 79.61 67.44 Sep 98.23 78.67 77.15 Apr 88.14 69.52 64.38 Oct 111.30 79.84 76.90 May 68.28 63.62 66.28 Nov 109.05 80.64 72.84 Jun 81.53 67.95 78.80 Dec 116.67 108.13 96.75 Avg 99.94 83.16 80.45

  13. Value of 100# of Gain: 2000-10Joplin, MO

  14. Value of 100# of Gain: 2000-10

  15. Value of 100# of Gain: 2000-10 Exogenous Variables External Factors

  16. Risk Management Forward Contracting Futures (LRP) Livestock Risk Protection Insurance

  17. Reasons to Wean Is the market offering value gain and can I control price risk? Can I add weight cheaper than the market? Can I add value and capture it?

  18. Livestock Risk Management Conference – Pre 2001 • 3 days of training – Dr. Ron Plain • Futures • Options • Contracts • Cut 50₵/cwt

  19. What do you think the average cow-calf producer makes per cow per year? • Breakeven • Good Years – 2013 & 2014 • Bad Years – 2011 & 2012 • But what is “average”? • Are you HOT or COLD?

  20. High vs. Low Profit Cow-Calf Producers (SPA Data IA: 1995-2000)

  21. More SPA Data • IA & IL study to determine what separated producers • 1996-1999 • Herd size: 20 to 373 cows

  22. Cost Variables Feed Cost Operating Cost Depreciation Cost Capital Charge Hired Labor Family Labor Production Variables Calf Weight Calf Price Cull Weight Cull Price Weaning Percentage Calving Distribution Variables In The Equation • Other Variables • Herd Size • Investment

  23. Source: 2001 Beef Research Report – Iowa State University

  24. Grazing Schools • Agronomist • Livestock Specialist • Ag Business Specialist • How does it impact the bottom line?

  25. What Drives Profit? • “Management” • Control Feed Costs • Stock for Winter not Spring • Nutrient Recycling & Management • Extending the Grazing Season & Utilization • Forage Supply Drives Marketing

  26. 28% 3%

  27. % Change In Profitability 22%

  28. Contact Information Wesley Tucker (417) 326-4916 tuckerw@missouri.edu

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