Economic Potential Of Field Peas As An Alternative To Corn Dried Distillers Grain With Solubles (Ddgs) In Beef Heifer Growing Diets

Jon Biermacher, Michael Undi, Timothy Long and Kevin Sedivec

No 398719, 24th Congress, Saskatoon, Canada, 2024 from International Farm Management Association

Abstract: The objectives were to determine economic potential of field peas relative to corn DDGS in diets of growing heifers, and to determine price points for competitive utilization of field peas as an alternative to corn DDGS. Animal performance data from 324 heifers were generated from a completely randomized design feeding trial replicated over two years. Mixed effects regression models revealed total gain was not influenced (P > 0.05) by dietary treatment allowing for a comparative ration cost analysis. Base-case ration costs were calculated using prices of $325 MT-1 and $366 MT-1 for corn DDGS and field peas, respectively. Sensitivity analysis was conducted to determine how sensitive the relative total ration cost is for price combinations of DDGS and field peas ranging from ± 50% of the base-case prices. Base-case results indicate the ration with field peas cost $6.89 head-1 more than the ration with DDGS. The breakeven price of field peas is $231.15 MT, 71% of the price of DDGS; the breakeven price of DDGS was $514.59 MT-1, 141% of the price of field peas. Results will help pea processors and feed supply dealers develop a reliable supply chain for a beef cattle quality field pea source of feed.

Keywords: Farm Management; Production Economics (search for similar items in EconPapers)
Pages: 11
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma24:398719

DOI: 10.22004/ag.econ.398719

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