Production and financial efficiency data from cow‐calf producers in eastern South Dakota was analyzed. Data was collected from 2002‐2008; each herd represented one observation. The database consisted of 210 production observations and 140 financial observations. Analysis of production efficiency data was conducted according to the SPA guidelines, developed by the IRM Coordinating Committee of the National Cattlemen’s Beef Association. Financial data was collected using the SPA system, in accordance with the SPA guidelines as well information collected from IRS Schedule F to calculate operating expense ratio (OER). Overall trends suggested that following the market peak of 2005, production efficiency has decreased and operating costs have increased resulting in a 53% reduction in profitability since 2002.
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South Dakota State University
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Mousel, E.M., "SDSU IRM‐SPA: Trend Analysis 2002 – 2008" (2010). South Dakota Beef Report, 2010. 15.