Animal Science Department

 

Date of this Version

2013

Citation

Range Beef Cow Symposium XXIII, December 3-5, 2013, Rushmore Plaza Civic Center, Rapid City, SD.

Comments

Copyright © 2013 Dr. Jack Whittier, James Sewell, Ed Blair, and Chip Ramsay.

Abstract

Dr. Bob Taylor, while at Colorado State University, often used a simple equation to emphasize the relationship between inputs and outputs on profitability. That equation was: Profit = Income – Costs

The purpose of this panel is to learn from three successful ranch managers, the practices and approaches they have used to manage costs and thereby improve profit in their operations. By working on both increasing income and reducing costs, profitability can grow.

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