Agricultural Economics Department
Date of this Version
6-7-2024
Document Type
Article
Citation
Enger, K., Dennis, E., Erickson, G., Watson, A. “2021 Nebraska Feedlot Labor Survey Report.” Center for Agricultural Profitability, University of Nebraska-Lincoln, June 7, 2024. DOI: 10.32873/unl.dc.cap036.
Abstract
The Nebraska Feedlot Labor and Management survey, conducted by Nebraska Extension and Nebraska Cattlemen., reveals notable changes in labor costs and compensation within the state's feedlot industry. From 2015 to 2021, total employee compensation across all feedlots nearly doubled, highlighting significant financial shifts in the sector. Despite this increase, wages have not kept pace with inflation, indicating ongoing economic challenges. The survey, which also sheds light on hiring difficulties and management practices, provides a crucial benchmark for feedlot operators to navigate labor costs and industry trends effectively.