Drought conditions across the country this year remind us of the importance of a drought management plan. Diversifying a cow-calf operation with a backgrounding enterprise could be part of a drought mitigation strategy as backgrounded cattle can be sold or move to a feedlot to free up feed supplies or pasture for the cow herd. While backgrounding may not be an option of many producers this year due to tight feed supplies, now might be a good time to start thinking if this strategy fits your operation.
The Beef Cattle Research Council’s Preconditioning and Backgrounding Calculator (download the .xlxs file) is designed to identify economic opportunities and risks from preconditioning or backgrounding cattle. The calculator has recently been updated to allow more flexibility in price projections. The cattle price index database embedded in the calculator is updated with the latest five-year (2016-2020) provincial data from British Columbia to Quebec.