student managed farm beef team final presentation 2012

BEEF TEAM

Final Presentation

Current Inventory• 26 Purebred Black Angus Cows• 5 replacement heifers• 7 Yearling bulls• 1 two year old bull

• 73 Commercial Angus base cows• 15 replacement heifers

Facilities CommitteeBreanna Boyes, Cal Aube, Christian Gravesen, Jordan Martinson, Thomas Brochu, Ty McCrie

Feeding & GrazingEvan Chalut, Jelissa Pond, Leah Keeling,

Rebekkah Miller, Riley Isaacson

Marketing Committee

Evan Chalut, Jordan Martinson, Riley Isaacson

Commercial Committee

Brooke Lowes, Evan Chalut, Kristie Knudsen

Purebred Committee

Curtis Klein, Laryssa Williams, Logan Martinson

Finance & Record Keeping

Brooke Lowes, Laryssa Williams

Feeder Steers• Finished 44 steers• Contracted steers to Cargill

for $1.22/lb• SMF Beef toured Cargill in

High River

Agribition• Reserve Champion

with a pen of five bred heifers

• Reserve Champion with a pen of five open replacement heifers

• Two purebred heifers shown

• Two prospect steers sold

Branding

• Traditional branding of 2012 calves

Cow-calf Feeder TOTAL

Total Income

$69 254.52 0 $69,254.52

Total Expenses

$46,194.20 $51,921.08 $98,115.28

Net Income

$23,060.32

$-51,921.08

$-28,860.76

Profit Loss By Class

Expected Income

Bulls $11,000

Feeder Steers $80,573.86

Custom Feeding $4,058.34

Total $95,632

Cow-Calf Feeder Total

Net Income

$23,060.32 $-51,921.08

$-28,860.76

Expected Net Income

$38,118.66 $28,652.78 $ 66,771.44

Net Profit Including Expected Income

Feeder Steer Project

Projected Total Profit

$14,131.00

Total Actual Profit $28,652.60Difference $14,521.60

SWOT Analysis(Strengths, Weaknesses, Opportunities,

Threats)

Overall Strengths

• Ability to measure cattle statistics

• Extended grazing

• Positive industry relationships

Commercial Strengths• High quality commercial cow herd• High Weaning Weight•2011 Weaning Weight – 714 lbs.• Industry average – 550lbs.

Purebred Strengths

• Historical Cattle herd

• Access to new technology

Overall Weaknesses• Renting Bulls

• Age

• Culling protocol

• Poor record keeping

• Lack of communication from year to year

Commercial Weaknesses• Tagging System

Purebred Weaknesses• Size of the herd limits opportunity

• Lack of personal connection

• Poor conception rates for A.I. program•2011 – 25% conception rate• Industry Average – 50-60%

Overall Opportunity• Managing body condition score

• Creating two different enterprises

• Electronic record keeping

• Key Performance Indicators

Commercial opportunities• Generating good replacement heifers

• New tagging system

• Buying herd sires

Purebred Opportunities

• Embryo transfer

• GrowSafe RFI

• Marketing purebred bulls

• New A.I. protocol

• Buying bull

• Leptin testing

Overall Threats• Constant turnover of students

• Risk of disease

Commercial Threats• Breeding different breeds every year

• Lack of replacement heifers

Purebred Threats• Not improving the herd

• No clear bull sale future

• Negative perception of herd

Recommendations• Improve conception rates for A.I.

• Purchase bulls

• Key Performance Indicators

• Computer in the Red Barn

• Take pride in the herd

Next Year’s BudgetItem Budget

Livestock Sales $73,351.27

TOTAL INCOME $81,254.52

Feed Expenses $29,660.72

Livestock Purchases

$32,000.00

TOTAL EXPENSE $76,695.90

NET INCOME $4,558.62

Supporters of Beef SMF• Scott Webb – New Holland• Rusty Stalwick – Nilsson Bros. • Brian Chrisp – Misty Hills Charolais• Ernie Gibson – Everblack Angus• Bill Hamblin – • Bob Wilson - • Denis Mercier – Cargill Foods• Duncan MacMillan – MacMillan Ranch• Christine Erichsen – Merck • Dean Davidson – XXX Farms• Page Stuart – Elanco Animal Health • Neil Carruthers – Pfizer Animal Health • Lisa Andrashewski – Pioneer Hi-breds• Westman Farms

Thank-You • Pete Wilkinson• Geoff Brown• Ron Hoffman• Jamie Anderson• Denise Martin• Tracy Quinton• Josie Pashulka

• Robert Dixon• Joanne Dickson• Sharon Reiter• Deanna Krys• Dr. Crystal Mullen• Dr. Ken Smith

Any Questions?