Costs and Returns, Northwest Cattle Ranches, 1972

Wylie D. Goodsell and Macie J. Belfield

No 324748, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Net returns in 1972 were at record-high levels on viable commercial cattle ranches in the Northern Plains and Northern Rocky Mountains, two of the Nation's leading cow-calf producing areas. In the Northern Plains, returns averaged $43,600 per ranch, up $13,400 from 1971 and 3-½ times the 1960-64 average. In the Northern Rocky Mountains, returns were nearly 50 percent above a year ago, averaging $45,300 on the typical ranch with 200 to 500 brood cows represented in this study. Record prices received for stock, particularly calves, contributed most to the historically high returns. Other factors were unusually good range and pasture conditions and record calf market weights. Sustained high calving rates and relatively low livestock death loss in both areas were attributed to improved management and breeding. With U.S. demand for beef forecast to double in 30 years, cattle ranching continues as a good investment, despite steadily mounting input costs.

Keywords: Demand and Price Analysis; Financial Economics; Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 22
Date: 1973-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:324748

DOI: 10.22004/ag.econ.324748

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