Document Type

Report

Report Number

2010-13

Publication Date

2010

Summary

Integrated Resource Management (IRM) is a method of managing the farm as a whole, rather than as separate, unrelated enterprises. Using this method, resources can be utilized to maximize efficiency and profitability of an operation. A key component of the IRM approach to management is Standardized Performance Analysis (SPA). The SPA is a cow‐calf performance analysis system that is used to integrate production and financial data using a standardized performance analysis procedure to identify production management and financial inefficiencies in the cow‐calf enterprise. These performance values can be used to identify opportunities for change. Comparing results between production years as well with other producers will help managers monitor their progress and identify a more cost effective production and management system. The SDSU‐IRM‐SPA program was developed with the intent of providing producers with a useful analysis of their business to improve profitability and sustainability. The program allows South Dakota cow‐calf producers to compare their data to state averages in order to identify the strengths and weaknesses of their operation. Further, data from the same operation can be compared from year‐to‐year in order to evaluate the effectiveness of management changes aimed at improving profitability. Because other states in the region are currently using this approach to standardizing the cow‐calf enterprise analysis, the opportunity exists to generate regional summaries and to make comparisons from state‐to‐state.

Number of Pages

3

Format

application/pdf

Language

en

Publisher

South Dakota State University

Rights

Copyright © 2010 South Dakota State University.

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