COVID-19 Updates: Taking steps to return to normal.
- Public health restrictions: Alberta entered Step 2 on March 1.
- Book your vaccine: Albertans 5+ can get it now. Get third dose when eligible.
COVID-19 Updates: Taking steps to return to normal.
Helps beef producers measure their business’s performance, and identify where it is running well or may need some tweaks.
The AgriProfit$ program provides services for farm business managers that help them make better business management decisions.
The AgriProfit$ beef program examines the profitability, financial and production efficiencies, and risk-bearing ability of the entire beef operation. It also sheds light on how each production stage contributes to overall profitability.
The program relies on direct farm data to generate the cost of production for each of the 3 production stages:
The cow/calf enterprise covers the production from breeding, calf rearing and herd maintenance, through to weaning of calves – the major product of this enterprise.
The backgrounding enterprise feeds and manages retained, weaned calves either in a drylot or pasture. Feeder cattle are the major product from this enterprise. Once a desired weight is achieved, feeders are either moved to feedlots for finishing, or directly to slaughter.
The final production stage is the finishing enterprise where feeder cattle are fed a higher energy diet to increase body weight for slaughter. Some operations choose to finish their animals on the same site.
AgriProfit$ provides participating Alberta beef producers with:
AgriProfit$ allows beef producers to evaluate their own operations through comparison to similar beef businesses. Benchmark reports present the compiled productive, economic and financial performance of comparable beef enterprises.
Calculating the cost of production is an important step in assessing performance and understanding the current health of the farm business. Improving performance requires a good understanding of both the financial and technical aspects of the operation. AgriProfit$ participants receive detailed enterprise reports that outline all revenues and expenses involved in production; these are expressed in dollars per unit of production (returns per cow, per cwt gain, per animal head day).
Key technical indicators capture physical measures of output and input use. These include:
Benchmark reports are available for the following beef enterprises:
Sign up to be part of the program – AgriProfit$ is always open to new participants.
Producer information is collected in strict confidence. Only aggregated, non-identifying information is published.
There is a time commitment, and the first year’s submission requires compiling substantial amount of data including lists of buildings, and machinery investment and liabilities. Subsequent years build on this foundation.
After you sign up, a business specialist will contact you to arrange an on-farm visit.
Connect with the Economics Section:
Toll free: 310-0000 before the phone number (in Alberta)
Phone: 780-422-4088
Email: [email protected]
Was this page helpful?
You will not receive a reply. Do not enter any personal information such as telephone numbers, addresses, or emails.
Your submissions are monitored by our web team and are used to help improve the experience on Alberta.ca. If you require a response, please go to our Contact page.