LIMOUSIN TODAY LimToday-Feb 2018-WEB | Page 64

Management Nebraska Bound! Selling February 22 at the Nebraska Cattlemen’s Classic Make plans to be with us in Kearney, Nebraska and take advantage of the opportunity to add two top herd sire prospects that combine superior performance and predictability to your program. OLIM Entertainer 794E Sire: Wulfs Xcellsior X252X Dam: MAGS Ziel 2/24/2017 • Purebred CED: 9 BW: 0.7 WW: 74 YW: 106 MK: 19 CEM: 4 SC: 0.78 ST: 7 Doc: 11 YG: -0.19 CW: 35 REA: 0.64 MB: 0.07 FT: -0.03 $MTI: 56.26 OLIM Equalizer 793E Sire: MAGS The General Dam: KEVN Beach Beauty 412B 2/14/2017 • 85% Lim-Flex CED: 11 BW: -0.1 WW: 72 YW: 106 MK: 29 CEM: 10 SC: 0.47 ST: 0 Doc: 15 YG: -0.16 CW: 33 REA: 0.43 MB: 0.02 FT: -0.04 $MTI: 53.63 For more information and a sale catalog go to https://cattlemens.org/ CER TIFIE D RF Limousin Inventory Management System OR MANCE LIMS HE Your visit to view our program is always welcome. Kevin & Julie • Caitlyn, Ashlyn & Collin Ochsner 30300 WCR 388 • Kersey, CO 80644 H: 970-351-6008 • M: 970-396-5525 • [email protected] 62 | FEBRUARY 2018 efficiency is unchanged.  A good example is least cost feed rations where ration composition can change, not because the nutrient contribution of feedstuffs changes, but simply due to changing values of feed ingredients. Economic efficiency measures tend to focus on optimal levels rather than physical maximums and minimums. For example, dollars of return per cow will reign in excessive focus on weaning weights by recognizing that some means of increasing weaning weights, such as increasing cow size, may be very expensive and not efficient at some point. For many cow-calf operations the land investment is the biggest component and the final assessment of economic efficiency is returns per acre. This incorporates physical animal components related to reproductive, nutritional, and health productivity along with feed and forage management plus output values and input costs. Typically, a combination of technical and economic efficiency measures are needed to manage an operation for maximum economic returns. Technical efficiency measures are critical to understand physical productivity and identify weaknesses or failures in production systems. However, excessive focus on technical efficiency can be detrimental. Economic efficiency measures focus on optimal use of inputs relative to the value of outputs. However, changes in output values or input costs can lead, for example, to improved returns due solely to changing market conditions while masking stagnant or even declining physical productivity. It takes both to ensure that the operation is moving in the right direction. The first step is to measure productivity and input use in a good record system. Then put those records to use. I