As defined by USDA-NRCS, a Grazing Management Plan (GMP) is “a site-specific conservation plan that contains planned grazing related conservation treatment activities for one or more resource concerns.” (https://www.nrcs.usda.gov/). The element of conservation is what sets apart a GMP from a general management plan for your operation. In this article, we discuss the essential elements of a GMP and how developing a GMP specific to your operation can help in planning for pasture, profit, and performance.
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With cattle prices reaching record highs, it’s more rewarding than ever to be in the cattle business. It’s also more expensive than ever to raise cattle, with estimated annual production costs of nearly $1,100 per head for cow-calf operators. With these kinds of prices, it’s more important than ever to be diligent when making culling and purchasing decisions. Today, in her first article as a new author for the Ag Economics on the Plains Blog, Merri Beth Day, AgriLife Extension Economist for District 1, reviews some considerations for deciding whether to buy replacement heifers.
Inflation continues to concern consumers, farmers, and policymakers. In this post, we discuss how inflation has impacted prices paid by farms for production inputs. 
As we enter a new year, producers are making plans for a new crop. Those plans will depend in part on their expectations regarding their costs of production. In this post, we’ll discuss our expectations for five important costs in 2025. 
Does your business generate enough income to make scheduled debt and lease payments? If necessary, could that income also cover payments on additional debt? In today’s post, we’ll look at a set of financial measures that can help you answer these important questions. 
Can you borrow to finance new purchases when you need to? Or will borrowing more put your business at risk of bankruptcy? Your ability to answer these questions accurately is an important part of managing your business for long-term success. In today’s blog we’ll look at some information taken from a farm’s business records that can help you make financially responsible borrowing decisions.