Department of Animal Science
Date of this Version
2009
Abstract
Why is efficiency so important to the beef industry? "Efficiency impacts unit cost of production, thereby having the potential to increase beef's competitiveness in both the domestic and global marketplace, to improve industry profitability, and to enhance long-term sustainability of the industry." (Ritchie, 2001). In simple terms, from a producer’s standpoint, efficiency can make you more money by lowering costs, increasing returns, or both. But, only if measured, interpreted and implemented correctly.
Comments
Presented at Range Beef Cow Symposium XXI, December 1-3, 2009, Casper, Wyoming. Sponsored by Cooperative Extension Services and the Animal Science Departments of the University of Wyoming, Colorado State University, South Dakota State University, and the University of Nebraska¬Lincoln.