A Guide to Keeping Records That Help Make Profitable Decisions

The start of a new season and year is the perfect time for beef producers to look back on what went well and think ahead to what can be improved.

Do you feel like you have a good understanding of your farm’s profit and production? Do you have goals for the upcoming season?

You can learn a lot about your farm when you make the effort to collect and take a look at your financial and production data. Perhaps you assumed an area of your operation was performing better than it truly was and records demonstrate improvement is needed. On the other hand, analysing data may point to improvements that you didn’t realize occurred.

Good farm records are useful to provide the data needed to understand your farm performance and will help take the guesswork out of management decisions. Research shows that when producers set goals and keep records, they can achieve up to 60 more pounds of calf weaned per cow exposed. Benchmarking also helps producers be prepared for challenging times such as drought and other environmental disasters, and will maximize the benefits of your annual VCPR (Veterinary Client Patient Relationship) visit with your herd veterinarian. Continue reading

*UPCOMING WEBINAR* Setting Records- Calving Season Data Collection Jan 12th



While calving is one of the busiest times of the production cycle for cow-calf producers, there’s a lot of important information that can be collected. Which data is the most important to help you make critical decisions on your operation? This presentation will discuss the records that are worth spending valuable time collecting at calving.

Register for our upcoming webinar on January 12th and hear from a veterinarian from the University of Calgary as well as a producer sharing their practical perspective. The speakers will  share  insight and answer your questions about data collection at calving and how to make the best decisions for your operation!

This webinar also qualifies for 1 continuing education (CE) credit for registered veterinary technologists and technicians. A total of 3 CE credits will be available over the course of the BCRC 2021-22 webinar series. For more information on CE accreditation for RVT’s and veterinarians, please contact Dana Parker (parkerd@beefresearch.ca)

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Every Farm Has Different Goalposts – Setting Goals and Defining Success

What does a “successful” Canadian beef farm look like? How do you define success on your farm?

Canfax and the Beef Cattle Research Council recently released the results from their Canadian Cow-calf Cost of Production Network. The project collected data from 115 beef producers across Canada and summarized production benchmarks such as cow size, weaning weight and calf mortality. The network also looked at profit and expense benchmarks like feed costs, cow depreciation, enterprise revenue and more. A detailed summary of these results can be found here.

Interested in the Canadian Cow-Calf Cost of Production Network?

Producers receive:

  • Opportunity to learn from and share experience with other similar producers
  • $500 honorarium
  • Farm summary of production system including physical performance indicators
  • Summary of the whole farm, cow-calf enterprise and retained ownership enterprise, with 2020 baseline and five years of historical indexing
  • Summary of future farm scenarios

Sign up at: https://www.canfax.ca/COPNetwork.aspx

While profit and production numbers are often touted as measures of success, participants in the Cost of Production Network pointed out that fiscal targets are not their only focus. Success looks different for every farm because individual goals and values vary. Some producers may put a spotlight on strategies to increase revenue and reduce costs while other farmers view success as working well with family members or having less overall stress. All definitions are important and worth striving for.

Andre and Katie Steppler were named Manitoba Region’s Outstanding Young Farmers (OYF) in 2020. They manage the cattle division of Steppler Farms, where they run purebred and commercial Charolais herds as well as the recent addition of a registered Black Angus herd.

While winning the OYF award may be the very definition of success for most farmers, Steppler, who works alongside his three brothers, their families and his parents near Miami, Manitoba, is quick to point out that there is no single goal or target that makes their multigenerational farm work. “It’s about shared visions and goals and it’s a revolving thing,” he says. “You can’t stand still.” Continue reading

Registration Now Open For 2021/2022 Webinar Series



This year’s Beef Cattle Research Council webinar series will cover a range of topics including backgrounding, record keeping and grazing plans, all focused on practical, science-based information for Canadian beef producers. 

Register here. (This link will allow you to register for the entire webinar series.)

See topics and descriptions below. Continue reading

Record Keeping for Forage and Grassland Management Webinar March 23rd



Pasture and stored forages are critical resources in the cattle industry. An effective management plan requires realistic production goals, a clear understanding of forage production, effective grazing strategies and timely responses to forage availability and changing environmental conditions. Record keeping can support management decisions needed to effectively manage both pasture and stored forage. This webinar will discuss the record keeping methods used by three producers to manage their pastures and forages. 



Registering on your smartphone? After you click ‘I am not a robot’, scroll up until you find the task to complete. Continue reading

Meeting Your Production Goals: Records for Animal Health and Performance – Webinar January 13th



Keeping track of your animal health treatments and performance indicators throughout the year can be useful information to have when evaluating your production goals. Having readily accessible records can also be handy when marketing cattle to prospective buyers. This webinar will discuss the records for animal health and performance to support your production goals.

Registering on your smartphone? After you click ‘I am not a robot’, scroll up until you find the task to complete.

When
Wednesday, January 13th at 7:00 pm MT

  • 6:00pm in BC
  • 7:00pm in AB
  • 8:00pm in SK and MB
  • 9:00pm in ON and QC
  • 10:00pm in NS, NB and PEI

Continue reading

Calm and Calculated: What Key Financial Tools Can Help You Achieve Success on Your Farm? Webinar November 18th



Are your farm financials stressing you out? Join this webinar to learn more about the information needed to help make financial decisions, having a good relationship with your creditor, and what to do if you’re turned down for financing.

Register for our upcoming webinar to hear from two subject matter experts as they provide information from regions across the country and answer your questions about farm financial tools.

Registering on your smartphone? After you click ‘I am not a robot’, scroll up until you find the task to complete.

When
Wednesday, November 18th at 7:00 pm MT

  • 6:00pm in BC
  • 7:00pm in AB
  • 8:00pm in SK and MB
  • 9:00pm in ON and QC
  • 10:00pm in NS, NB and PEI

Continue reading

New Resource: Record Keeping and Benchmarking Level 3



The final level of Record Keeping and Benchmarking resources for beef producers is now available.

Level 1 was previously launched for farm managers who are new to record keeping or who may already keep records but are unsure what information is worth keeping or how these records can be used.

The Level 2 resource was developed to build upon the themes covered in Level 1 but also goes more in depth on some of the analysis that can be accomplished once you have established a set of records. The purpose of Level 3 is to dig deeper into analysis and application of collected farm data.

The Level 3 resources include the following topics: Continue reading

New Resource: Financial Record Keeping Level 2

Editor’s Note: release of the Level 2 Financial record keeping module adds to the previously released content focused on Animal Health & Performance, Forage & Grasslands, and Genetics. Stay tuned for Level 3 Record Keeping modules to be available in the coming weeks.

In agriculture there are many areas of risk and uncertainty. Sectors with tight margins, such as the beef sector, can greatly benefit from having a better understanding of their operation’s finances. Understanding where the strengths and weaknesses occur is one way to reduce the stress that comes with uncertainty and provide financial resiliency to help your operation adapt to challenges. Continue reading

New Resource: Record Keeping and Benchmarking Level 2



Successful farm management begins with accurate and up to date records. The process of record keeping allows the farm manager to collect and save data so it can be analyzed and used to make better decisions and turn information into actions.

Level 1 was previously launched for farm managers who are new to record keeping or who may already keep records but are unsure of what information is worth keeping or how these records can be used.

The newly released Level 2 resource has been developed to build upon the themes covered in Level 1 but also goes more in depth on some of the analysis that can be accomplished once you have established a set of records. This includes: Continue reading