Start Date
1-21-2017 10:00 AM
Description
There are three basic ways to increase net returns in ruminant livestock operations. The first is to increase the price we get for our product. Unfortunately in a commodity based system we have little or no control over the price that we receive. The second is to increase total production. By producing more units that have a slim profit margin we can increase net returns. However, at some point we become resource limited; we run out of land or time. The third is to control production costs. Of these three ways to increase net returns, this one has the greatest potential to increase the profitability on most ruminant livestock operations in Kentucky.
Included in
Building a Year Round Grazing System
There are three basic ways to increase net returns in ruminant livestock operations. The first is to increase the price we get for our product. Unfortunately in a commodity based system we have little or no control over the price that we receive. The second is to increase total production. By producing more units that have a slim profit margin we can increase net returns. However, at some point we become resource limited; we run out of land or time. The third is to control production costs. Of these three ways to increase net returns, this one has the greatest potential to increase the profitability on most ruminant livestock operations in Kentucky.