Production costs, rather than selling weight and price, were the most important contributors to profit differences between high- and low-profit cow-calf producers, according to Kansas State University economists. Cow-calf cost and return records for the 2006-2010 period (Kansas Farm Management Association Enterprise Analysis) were divided into high-profitability operations (HPO), as well as medium and low (LPO) categories, based on annual net return to management (NRM). NRM is gross income minus total costs of production/cow.
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