{"id":2827,"date":"2023-03-15T07:00:45","date_gmt":"2023-03-15T12:00:45","guid":{"rendered":"https:\/\/agrilife.org\/agecon\/?p=2827"},"modified":"2023-03-14T19:49:29","modified_gmt":"2023-03-15T00:49:29","slug":"high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business","status":"publish","type":"post","link":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/","title":{"rendered":"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business"},"content":{"rendered":"<h3 style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2834 alignleft\" src=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png\" alt=\"\" width=\"370\" height=\"310\" srcset=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png 940w, https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41-768x644.png 768w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/>Building a Profitable Ranch Business \u2013 Beef Cattle Standard Performance Analysis<\/span><\/strong><\/h3>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">One of the most essential responsibilities in our businesses is to ensure the economic sustainability of our companies for the future of our business or future generations. Most ranchers have suffered multiple years of low margins due to market prices below the average total economic cost of production. Even today, with a much better prices outlook than a year ago, breakeven prices are still high for most cow-calf operations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><!--more--><\/p>\n<h3><span style=\"color: #000000;\"><strong>Board Update 3\/13\/2023<\/strong><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2829\" src=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-9.png\" alt=\"\" width=\"1456\" height=\"371\" srcset=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-9.png 1456w, https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-9-1024x261.png 1024w, https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-9-768x196.png 768w\" sizes=\"auto, (max-width: 1456px) 100vw, 1456px\" \/><\/p>\n<h3><strong>Tulia, Amarillo, Dalhart Average &#8211; Cattle Prices by Category 3\/9\/2023<\/strong><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2832 aligncenter\" src=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-11.png\" alt=\"\" width=\"905\" height=\"581\" srcset=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-11.png 905w, https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Screenshot-11-768x493.png 768w\" sizes=\"auto, (max-width: 905px) 100vw, 905px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h4><strong>Dates &amp; Deadlines<\/strong><\/h4>\n<p>3\/27-31\/2023 &#8211; <a href=\"https:\/\/calendar.tamu.edu\/agrilife\/event\/283408-2023-ranch-management-university\">Ranch Management University<\/a><\/p>\n<p>4\/6\/2023 &#8211; <a href=\"https:\/\/calendar.tamu.edu\/agrilife\/event\/287860-rwfm-stewardship-webinar-series-water-law-overview\">RWFM Stewardship Webinar Series: Water Law Overview &amp; Update<\/a><\/p>\n<p>4\/14\/2023 &#8211; <a href=\"https:\/\/calendar.tamu.edu\/agrilife\/event\/286126-owning-your-piece-of-texas-key-laws-texas\">Owning Your Piece of Texas<\/a><\/p>\n<p>4\/19-21\/2023 &#8211; <a href=\"https:\/\/agrilifelearn.tamu.edu\/s\/product\/prescribed-burn-school-field-day-and-exam-april-1921-2023\/01t4x000002ciR1AAI\">Prescribed Burn School<\/a><\/p>\n<p>4\/25-26\/2023 &#8211; <a href=\"https:\/\/agrilifetoday.tamu.edu\/2023\/01\/19\/speakers-announced-for-annual-hemphill-county-beef-cattle-conference-2\/\" target=\"_blank\" rel=\"noopener\">Hemphill County Beef Conference<\/a>, Canadian<\/p>\n<p>5\/4\/ 2023 &#8211; <a href=\"https:\/\/calendar.tamu.edu\/agrilife\/event\/287861-rwfm-stewardship-webinar-series-wild-pigs-in-texas\">RWFM Stewardship Webinar Series: Wild Pigs in Texas<\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\">Building a Profitable Ranch Business \u2013 Beef Cattle Standard Performance Analysis<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">One of the most essential responsibilities in our businesses is to ensure the economic sustainability of our companies for the future of our business or future generations. Most ranchers have suffered multiple years of low margins due to market prices below the average total economic cost of production. Even today, with a much better prices outlook than a year ago, breakeven prices are still high for most cow-calf operations.<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">Especially these last years affected by the drought, cattlemen were challenged to reduce production costs, be more competitive and increase the profitability of their herds.\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">One of the most critical risk management strategies to successfully manage a profitable business is establishing and measuring production, economic, and financial performance objectives, determining the unit cost, and benchmarking with alternative production systems.\u00a0\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">As Peter Drucker said: &#8220;You Can&#8217;t Manage What You Can&#8217;t Measure.&#8221; Financial and production performance objectives must be established to manage a profitable business. Those could be profit objectives, rate of return on assets and working capital, equity growth, crop and cattle unit cost of production, or grazing efficiency, among other measures.<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\">\u00a0<\/span><\/strong><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\">Beef-Cattle Standard Performance Analysis<\/span><\/strong><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">One of the best tools available to measure your ranch&#8217;s productivity, financial performance, cost of production, and profitability, is the Beef-Cattle Standard Performance Analysis (SPA). In 1992, the National Cattlemen&#8217;s Association adopted the Standardized Performance Analysis (SPA) system developed by NCBA producers, the National Integrated Resource Management Coordinating Committee, and Texas A&amp;M AgriLife Extension Specialists.\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">The main objective of this system is to help producers reduce their cost of production and improve their efficiency. There are always opportunities to improve within your beef-cattle operation. The first step with SPA is to learn where you are standing and identify the areas of opportunities or weaknesses.\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">Using a SPA is an annual process that will help cattlemen improve their ranch profitability by analyzing trends and seeing the results of decisions made. It is an excellent tool for accurately analyzing production, financial, and economic performance to measure progress and goals. Integrating long-term management strategies and tools such as SPA will help ranchers maintain an efficient unit cost of production, improve production performance, and enhance profits.\u00a0\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\">\u00a0<\/span><\/strong><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\">Historical Production Costs<\/span><\/strong><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">Thanks to SPA, we have a unique historical integrated production and finance benchmark system for the beef cattle industry in our state. The database showed that production costs were the most significant variable correlated with ranch profitability. The top 25% of ranches with the highest net income were operations with lower production costs.<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">Maintaining an efficient production system with low costs is one of the most critical variables for a profitable and sustainable ranch. Using our resources more efficiently could help us reach those goals. An efficient grazing system, a herd size that fits your environment, or an accurate stocking rate will allow us to reduce costs.<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><strong><span style=\"color: #0e101a;\">Implementing SPA in your ranch<\/span><\/strong><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"color: #0e101a;\">At Texas A&amp;M AgriLife Extension, we have prepared software and worksheets to help producers of any size use SPA at any time in their operations. These tools will help you organize your production and financial and economic information to analyze your cow-calf enterprise better. Producers will complete an in-depth financial and production analysis. Participating producers will receive a report analysis showing their rank with other producers in the database. Don&#8217;t hesitate to contact us for more information about SPA and how to use it in your operation.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Building a Profitable Ranch Business \u2013 Beef Cattle Standard Performance Analysis \u00a0 One of the most essential responsibilities in our businesses is to ensure the economic sustainability of our companies&#8230; <span class=\"read-more\"><a href=\"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1761,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_crdt_document":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[31,13,33,9,32],"tags":[36,48,47],"class_list":["post-2827","post","type-post","status-publish","format-standard","category-business-management","category-cattle","category-drought","category-high-plains-ag-week","category-livestock","tag-cattle","tag-profitable","tag-ranch","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business - Ag Economics on the Plains<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business - Ag Economics on the Plains\" \/>\n<meta property=\"og:description\" content=\"Building a Profitable Ranch Business \u2013 Beef Cattle Standard Performance Analysis \u00a0 One of the most essential responsibilities in our businesses is to ensure the economic sustainability of our companies... Read More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Ag Economics on the Plains\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/amarillo.agecon\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T12:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png\" \/>\n<meta name=\"author\" content=\"amarilloagecon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AmarilloAgecon\" \/>\n<meta name=\"twitter:site\" content=\"@AmarilloAgecon\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"amarilloagecon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/\"},\"author\":{\"name\":\"amarilloagecon\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#\\\/schema\\\/person\\\/eedf56a4a993f4396901d02389b2dbef\"},\"headline\":\"High Plains Ag Week \u2013 3\\\/15\\\/2023 \u2013 Building a Profitable Ranch Business\",\"datePublished\":\"2023-03-15T12:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/\"},\"wordCount\":727,\"publisher\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/files\\\/2023\\\/03\\\/Untitled-design-41.png\",\"keywords\":[\"Cattle\",\"Profitable\",\"Ranch\"],\"articleSection\":[\"Business Management\",\"Cattle\",\"Drought\",\"High Plains Ag Week\",\"Livestock\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/\",\"url\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/\",\"name\":\"High Plains Ag Week \u2013 3\\\/15\\\/2023 \u2013 Building a Profitable Ranch Business - Ag Economics on the Plains\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/files\\\/2023\\\/03\\\/Untitled-design-41.png\",\"datePublished\":\"2023-03-15T12:00:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#primaryimage\",\"url\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/files\\\/2023\\\/03\\\/Untitled-design-41.png\",\"contentUrl\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/files\\\/2023\\\/03\\\/Untitled-design-41.png\",\"width\":940,\"height\":788},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"High Plains Ag Week \u2013 3\\\/15\\\/2023 \u2013 Building a Profitable Ranch Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#website\",\"url\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/\",\"name\":\"Amarillo AgEcon\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#organization\",\"name\":\"Texas A&M AgriLife Extension\",\"url\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/files\\\/2019\\\/12\\\/texas-am-agrilife-extension-logo.jpg\",\"contentUrl\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/files\\\/2019\\\/12\\\/texas-am-agrilife-extension-logo.jpg\",\"width\":375,\"height\":175,\"caption\":\"Texas A&M AgriLife Extension\"},\"image\":{\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/amarillo.agecon\",\"https:\\\/\\\/x.com\\\/AmarilloAgecon\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/justin-benavidez-70227b80\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/#\\\/schema\\\/person\\\/eedf56a4a993f4396901d02389b2dbef\",\"name\":\"amarilloagecon\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/edc499dab6d3da656cab457d6b31d80b677874fac69242799aecda983e88850c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/edc499dab6d3da656cab457d6b31d80b677874fac69242799aecda983e88850c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/edc499dab6d3da656cab457d6b31d80b677874fac69242799aecda983e88850c?s=96&d=mm&r=g\",\"caption\":\"amarilloagecon\"},\"url\":\"https:\\\/\\\/agrilife.org\\\/agecon\\\/author\\\/amarilloagecon\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business - Ag Economics on the Plains","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/","og_locale":"en_US","og_type":"article","og_title":"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business - Ag Economics on the Plains","og_description":"Building a Profitable Ranch Business \u2013 Beef Cattle Standard Performance Analysis \u00a0 One of the most essential responsibilities in our businesses is to ensure the economic sustainability of our companies... Read More &rarr;","og_url":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/","og_site_name":"Ag Economics on the Plains","article_publisher":"https:\/\/www.facebook.com\/amarillo.agecon","article_published_time":"2023-03-15T12:00:45+00:00","og_image":[{"url":"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png","type":"","width":"","height":""}],"author":"amarilloagecon","twitter_card":"summary_large_image","twitter_creator":"@AmarilloAgecon","twitter_site":"@AmarilloAgecon","twitter_misc":{"Written by":"amarilloagecon","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#article","isPartOf":{"@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/"},"author":{"name":"amarilloagecon","@id":"https:\/\/agrilife.org\/agecon\/#\/schema\/person\/eedf56a4a993f4396901d02389b2dbef"},"headline":"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business","datePublished":"2023-03-15T12:00:45+00:00","mainEntityOfPage":{"@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/"},"wordCount":727,"publisher":{"@id":"https:\/\/agrilife.org\/agecon\/#organization"},"image":{"@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#primaryimage"},"thumbnailUrl":"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png","keywords":["Cattle","Profitable","Ranch"],"articleSection":["Business Management","Cattle","Drought","High Plains Ag Week","Livestock"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/","url":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/","name":"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business - Ag Economics on the Plains","isPartOf":{"@id":"https:\/\/agrilife.org\/agecon\/#website"},"primaryImageOfPage":{"@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#primaryimage"},"image":{"@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#primaryimage"},"thumbnailUrl":"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png","datePublished":"2023-03-15T12:00:45+00:00","breadcrumb":{"@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#primaryimage","url":"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png","contentUrl":"https:\/\/agrilife.org\/agecon\/files\/2023\/03\/Untitled-design-41.png","width":940,"height":788},{"@type":"BreadcrumbList","@id":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-3-15-2023-building-a-profitable-ranch-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/agrilife.org\/agecon\/"},{"@type":"ListItem","position":2,"name":"High Plains Ag Week \u2013 3\/15\/2023 \u2013 Building a Profitable Ranch Business"}]},{"@type":"WebSite","@id":"https:\/\/agrilife.org\/agecon\/#website","url":"https:\/\/agrilife.org\/agecon\/","name":"Amarillo AgEcon","description":"","publisher":{"@id":"https:\/\/agrilife.org\/agecon\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/agrilife.org\/agecon\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/agrilife.org\/agecon\/#organization","name":"Texas A&M AgriLife Extension","url":"https:\/\/agrilife.org\/agecon\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/agrilife.org\/agecon\/#\/schema\/logo\/image\/","url":"https:\/\/agrilife.org\/agecon\/files\/2019\/12\/texas-am-agrilife-extension-logo.jpg","contentUrl":"https:\/\/agrilife.org\/agecon\/files\/2019\/12\/texas-am-agrilife-extension-logo.jpg","width":375,"height":175,"caption":"Texas A&M AgriLife Extension"},"image":{"@id":"https:\/\/agrilife.org\/agecon\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/amarillo.agecon","https:\/\/x.com\/AmarilloAgecon","https:\/\/www.linkedin.com\/in\/justin-benavidez-70227b80\/"]},{"@type":"Person","@id":"https:\/\/agrilife.org\/agecon\/#\/schema\/person\/eedf56a4a993f4396901d02389b2dbef","name":"amarilloagecon","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/edc499dab6d3da656cab457d6b31d80b677874fac69242799aecda983e88850c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/edc499dab6d3da656cab457d6b31d80b677874fac69242799aecda983e88850c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/edc499dab6d3da656cab457d6b31d80b677874fac69242799aecda983e88850c?s=96&d=mm&r=g","caption":"amarilloagecon"},"url":"https:\/\/agrilife.org\/agecon\/author\/amarilloagecon\/"}]}},"_links":{"self":[{"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/posts\/2827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/users\/1761"}],"replies":[{"embeddable":true,"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/comments?post=2827"}],"version-history":[{"count":0,"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/posts\/2827\/revisions"}],"wp:attachment":[{"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/media?parent=2827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/categories?post=2827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agrilife.org\/agecon\/wp-json\/wp\/v2\/tags?post=2827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}