It's Important To Know Cost of Production

Jan 17, 2018

It's important for farmers to know their cost of production right down to the bushel.

That from Roy Arnott, Farm Management Specialist with Manitoba Agriculture.

He said when things get tough, knowing this information is critical.

“Well the margins have been relatively good, but if the prices do soften to the levels that they're at now, things are much tighter and any further challenges on the marketing side or the production side could make things really quite tight or even negative. That's why knowing your costs on a per bushel basis is really key.”

Arnott notes Manitoba Agriculture has a number resources available on its website to assist producers in figuring out their cost of production and to help them come up with a plan.

Source : Steinbachonline

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.