|Workshop for livestock producers|
|Written by Michael Fisher, Area Extension Agent|
Cattle producers are facing higher costs. Fuel, pasture leases, hay, livestock feed, equipment and land continue to cost more and more.
Also, government rules and regulations associated with farming and ranching are becoming an ever more important issue in today’s lives. Even turning over the ranch to children is complicated and seemingly impossible.
Colorado State University Extension will host a two-part workshop to help Colorado’s livestock producers better manage the production, financial and human risks faced by their operations. Day one of the workshop will be held Feb. 11 at the Burlington Community and Education Center. The second half of the workshop will be held Feb. 18 at WRAC in Wray. Both sessions will begin at 9:30 a.m. and conclude by 3:30 p.m.
Jeff Tranel and John Deering, Agricultural and Business Management Economists with Colorado State University, will conduct the first part of the program. They will present information to help participants better understand their balance sheets and their goals for the businesses. Participants will get answers to questions such as: How much am I worth? Who wants this farm/ranch when I quit? How can I add or get rid of an enterprise? Tranel and Deering will also talk about the “value of a beef cow.” What can one afford to pay for a cow? What are my annual cow costs?
The second half of the workshop will be conducted by Rod Sharp, Agricultural and Business Management Economist with Colorado State University. Sharp will discuss with participants various ways to improve profits. He will present a number of decision tools that producers can use to evaluate alternative management strategies. Since succession planning is becoming increasingly more important to Colorado’s farmers and ranchers, Sharp will also present information about this critical issue.
Participants will want to attend both days of the workshop series. Pre-register by calling Michael Fisher at 970-332-4151 or Mick Livingston at 719-346-5571.
Participants will not only hear great presentations, but they will have opportunities to discuss the issues with the speakers and other participants. Tranel and Sharp are known for their exciting presentations on important issues and abilities to get participants involved in the discussion.