Economic Feasibility Of The Cattle Feeding Industry In The Northern Plains And Western Lakes States
AbstractThe five-state study area of the Northern Plains and Western Lakes States, Minnesota, Montana, North Dakota, South Dakota, and Wisconsin, has adequate feed supplies and feeder cattle to markedly increase cattle feeding. Feed costs in these states have historically been lower than in the Southern Plains States. However, higher transportation costs appear to offset that advantage. Close access to slaughter plants in these states could offset that transportation disadvantage. Backgrounding of cattle appears to be quite profitable and cattle feeding, especially in larger sized feedlots, can be profitable. However, the cattle feeding industry has an increasing level of excess capacity. To be successful, new feedlots in the Northern Plains and Western Lakes States would need cost efficiencies to offset higher production costs, compared to Nebraska and Kansas, or would need to produce for a niche market unaffected by the lower operating costs of already established feedlots in the Central and Southern Plains States. Finally, a range of strategies are available in developing value-added cattle production in the Northern Plains and Western Lakes States. These strategies embody differing levels of capital investment, and involve different levels of risk and profitability.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by North Dakota State University, Department of Agribusiness and Applied Economics in its series Agricultural Economics Reports with number 23199.
Date of creation: 1997
Date of revision:
cattle feeding; Northern Plains; economies of scale; cooperative ownership; entrance strategies; Production Economics; Agribusiness;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stearns, Larry D. & Sell, Randall S. & Watt, David L. & Anderson, Vernon L., 1993. "Economics of Establishing a Beef Cattle Feedlot Using By-Products of Ethanol Production in North Dakota," Agricultural Economics Reports 23175, North Dakota State University, Department of Agribusiness and Applied Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.