Writer: Norman Martin
LAS CRUCES - New Mexico cow-calf operators can gauge their production and finances at two Standardized Performance Analysis workshops in Tucumcari on May 24 and Albuquerque on May 26.
In today's cattle industry, it's imperative cow-calf operators know how their businesses are performing, said Clay Mathis, a livestock specialist with New Mexico State University's Cooperative Extension Service. The goal of these workshops is to help cow-calf operators determine their current financial and production benchmarks.
"This is a working workshop," he said. "We'll help participants generate and complete their own performance analyses."
The first workshop will held at the Tucumcari Convention Center, while the next session is scheduled for the Bernalillo County Extension Office. The program will be limited to 10 new ranches at each location. The registration fee is $100 per ranch and includes the analysis, a private consultation, software and educational materials.
Standardized Performance Analysis, SPA for short, provides New Mexico ranchers with an opportunity to analyze their cow-calf operations from both the production and financial side, Mathis said.
"It facilitates the comparison of an operation's performance between years, producers, production regions and production systems," he said. "SPA is intended to be an annual tool for cow-calf producers."
Instructors for the sessions are Mathis, along with agricultural agents Jeff Bader and Pete Walden with NMSU's Cooperative Extension Service. James McGann, an emeritus ranch economist with Texas A&M University, and Manny Encinias, a livestock specialist at NMSU's Clayton Livestock Research Center, will also assist.
One element that the workshop will feature is SPA software, which identifies ways to lower production costs while still practicing good resource stewardship, Mathis said. Using information from production and financial records, the software allows cattle producers to blend data to produce benchmarks, such as rate of return on assets, unit cost of production, net income per cow and feed costs per cow, he said.
"Producers will be able to use their own data for this portion of the workshop," Mathis said.
Other work sessions cover how to prepare ranch financial statements, organize financial data for cow-calf SPA and interpret results.
For more information about the conference, or if you are an individual with a disability who is in need of an auxiliary aid or service to participate, contact Mathis in advance at (505) 646-8022 or e-mail firstname.lastname@example.org.
© 2013 New Mexico State University Board of Regents
NMSU - All About Discovery!