Date of this Version
Cornhusker Economics (June 12, 2013)
As we head into summer, Nebraska cattle producers are potentially faced with some tough decisions. Even with the much needed rain, over 60 percent of pastures around the state are still in poor to very poor condition. The extended winter weather conditions through much of the spring have compounded the problem, decreasing hay stocks to historical lows of around 610,000 tons. This is a serious issue in a state where livestock is a large portion of its economic vitality. Many producers’ livelihoods are being threatened, making this the ideal time to begin long-term planning to help rebuild their businesses and prepare for the challenges in the near and distant future.