During periods of limited forage supplies, managing these resources to best meet animal requirements is one of the most important things a cow-calf producer can do. It is critical that producers evaluate the best way to supplement and stretch their forage resources to remain viable in this industry.
The tax implications of cattle sales caused by a drought are fairly straight-forward. There are two different tax treatments that apply.
The Noble Research Institute Agricultural Consultants provide drought tips on a number of topics.
Purchased feed represents the greatest portion of variable costs for cow-calf producers according to the Kansas Farm Management Association. From the middle of June 2010 to the middle of June 2011, the price of corn more than doubled. During the same period, soybean prices increased nearly 50 percent.
Landowners are often tempted to take advantage of droughts by deepening or enlarging existing ponds when water levels drop low enough or when ponds dry up completely. This can be an opportunity to increase water supply for fisheries and livestock, but certain factors should be considered before spending money and time deepening or enlarging a pond.
For most cattle producers, culling cows is not an easy task. However, some culling needs to be done each year to maintain optimal productivity.
When the rain falls, here are some tips and strategies that will help you capture and use as much of it as you can.
The National Drought Monitor Web site indicates the area is in either extreme or exceptional drought. As if not having adequate good-quality water for cow herds isn't bad enough, there is little to no available standing forage going into winter at a time of record-high hay prices.
Unless we have an atypically wet summer, many producers will be forced to implement some drought management strategies, if they have not already. Here are a couple of topics to keep in mind looking forward to the remaining summer.
Are you flexible enough to manage for that unspeakable term ... drought?