There is tremendous variability in costs and returns across producers, which means there is room for producers to improve their relative situations. However, before one can improve they need to know where they stand relative to other producers. Thus, benchmarking and identifying an operation’s strengths and weaknesses is the first step to deciding where to focus management efforts.
A more complete description of the data use in this analysis along with the entire report of data can be found in the report at http://www.agmanager.info/livestock-meat/production-economics/differences-between-high-medium-and-low-profit-cow-calf
By Dustin L. Pendell and Kevin L. Herbel, Ag Economics
Figure 1. Net Returns over Total Cost for Cow-Calf Enterprise in Kansas Farm Management Association, 1975-2016