Beef Market Advisor

Friday, January 23, 2004

Given today's North American beef crisis, I think we need to launch a Nation-wide IRM rally.

The best management tool available to help ranchers develop Business Oriented Damage Control Strategies is an IRM-SPA Cost & Return Analysis. I can think of nothing more appropriate gives today's beef crisis.

The single most important management action that a rancher can make today is to focus all of his management energies on reducing his costs of producing his 2004, 2005 and 2006 calves. IRM-SPA is the tool to be used.

We spent the last decade developing, testing, and gaining experience on how to conduct IRM Cost & Return Analyses for ranchers. Now the industry could capitalize on this expertise.

While I will not be able to make it to the NCBA Jan Conference this year, I hope that the IRM Sub-Committee will consider a Nation-Wide IRM Rally as top priority and try to motive the ranchers and extension specialists at the NCBA IRM Committee Meeting to launch such an IRM Rally.

Harlan Hughes
Professor Emeritus
North Dakota State University

posted by Dr. Harlan Hughes 7:05 PM [edit]

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