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Serving: NE

Unit cost of production workshop set

Curt Arens Cattle in field
KNOWING COSTS: A two-day, in-person workshop set for Feb. 3-4 in Valentine, Neb., will help ranchers discover unit cost of production for each enterprise in an operation — and how to improve overall profitability.
The two-day, in-person event for cattle producers will be in Valentine, Neb.

A two-day, in-person Nebraska Extension workshop will provide hands-on learning for cow-calf producers to teach them how to calculate unit cost of production. The meetings will take place Feb. 3-4 at Niobrara Lodge in Valentine, Neb. Each day’s schedule will run from 8:30 a.m. to 4 p.m. CST.

Having information to make effective business decisions is important for ranch success. Tools, such as enterprise analysis and UCOP, help ranchers identify where value is being created, where costs are occurring and what changes could be made to improve profit.

Participants in this workshop will work through a sample ranch to determine the economic profitability of four common ranch enterprises, including cow-calf, stockers/breeding heifers, hay and land. 

They will go through the steps of analyzing costs and calculating what it costs to produce a unit of product for each enterprise. Participants also will learn how to identify how changes could improve ranch profitability.

Hands-on, group activities and examples of how to calculate key numbers will walk participants through the process. Participants will receive access to spreadsheet templates that can help analyze cost of production for their own operation. Nebraska Extension educators will be available for follow-up after the workshops.

Registration is requested before Jan. 27 by contacting the Cherry County Nebraska Extension office at 402-376-1850. Workshop size is limited to 35 people. Contact Aaron Berger at 308-235-3122 with questions about the workshop.

Source: UNL BeefWatch, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all of its subsidiaries are not responsible for any of the content contained in this information asset.
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