K-State Ag Today: Producers invited to Beef Conference
12:27 p.m. Monday, August 4, 2008
As different components of the farm budget continuously churn from one new mix to another, it’s important for producers to track each part of the operation separately, on its own merits.
At the upcoming K-State Beef Conference, K-State Research and Extension Agricultural Economist Kevin Dhuyvetter will be discussing the impact of rising pasture costs on cow-calf operators.
“You know, one thing that we always have to think about, when we think about land and pasture rent: The person that owns their own grass, they’re kind of hit right now with a double-edged sword, as pasture rents are going up, so that makes their cow-calf operation look less profitable," Dhuyvetter said. "On the other hand, the value of that asset that they own, the grass, is going up in value, so that’s a good thing.
"And that’s one reason I always encourage producers to break these out as two separate enterprises – there’s the land ownership enterprise, and there’s the cattle operation. Make sure you know what it is that’s making you money," he said.
He suggests considering temporarily renting out your pasture and urges cow-calf operators to attend the upcoming meeting to more fully explore their options.
The K-State Beef Conference will be held Aug. 7 and 8, in the College of Veterinary Medicine, on the Kansas State University campus. Detailed schedules and registration forms are available at your local extension office or here.
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