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Beef Species Symposium: Economic Considerations Related To U.S. Beef Herd Expansion, Glynn T. Tonsor, Lee L. Schulz Sep 2015

Beef Species Symposium: Economic Considerations Related To U.S. Beef Herd Expansion, Glynn T. Tonsor, Lee L. Schulz

Economics Publications

Significant attention perpetually surrounds possible changes in breeding herd inventories in the U.S. beef cattle industry. This article outlines economic considerations of U.S. herd expansion. Factors restricting expansion include land availability, increasing production efficiency, operator demographics, capital requirements, and commodity price volatility. Several offsetting factors support herd expansion including unprecedented cow–calf returns, ongoing global beef demand growth, and timing within the current cattle cycle. In addition to these industry-wide factors, several important variations in individual ranch considerations are outlined. The authors’ expectations on future herd dynamics are provided, highlighting broader implications for individual operations, industry leaders, and ...