That's why the Taylor County Extension Office is hosting an event called "Rebuilding the Beef Herd."
The business of beef is getting a makeover.
The future of the market will be significantly different than even the recent past.
Changes in grain and land use, ever increasing input costs and marginal profits could shape demographics in the beef industry for the next two decades.
For those ranchers either getting back into the business, or starting a new, a plan has to be in place when that opportunity presents itself.
"Because of the volatility of the markets, and the high prices that we're looking at right now, we want to make sure people are getting back into the cattle business with plan," said Taylor County Extension Agent, Robert Pritz.
The nice folks over at the Taylor County Extension Office have a full day planned, providing 5 different sessions covering the basics of the business.
The event includes:
8:30 - Beef - Better (and Different) Times Ahead
Forage Recovery & Pasture Restocking
Evaluating Replacement Options
1:00- Can a $2500 Cow Break Even?
2:30 Flexibility in Resource Use
Leased Grazing - What, Why and How
3:30 Repeat Breakout Sessions
Pritz added, "Some of our specialists are going to be here to give us some examples of how we can build that flexibility into our programs to make sure that we can get back into the cattle business the right way and not get ourselves over extended."
The event is Tuesday, April 24 at they Taylor County Extension Office. The deadline to sign up is Friday (4/20).
Admission is $40 per person if pre-registered but $50 per person at the door.
You can pre-register by calling 325-672-6048 or you can register online here (Keyword: Beef).