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Tag: benchmarking

Using Data to Identify Management Practice Impact on Profitability

By Kevin Herbel, Executive Director – KFMA Program

The Kansas Farm Management Association (KFMA) has worked together with cow-calf producers keeping records of the cow-calf enterprise for many years. This has allowed for analysis and assessment of the cow-calf enterprise on individual operations.  The data available through this process has provided the opportunity for benchmarking to be completed against the averages and against the data based on profitability levels.  Reports have included looking at differences between high-, medium-, and low-profit producers, with the most recent report covering cow-calf enterprises in the KFMA database from 2014-2018 (http://agmanager.info/livestock-meat/production-economics/differences-between-high-medium-and-low-profit-cow-calf-1). Continue reading “Using Data to Identify Management Practice Impact on Profitability”