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12/14/2018 - Unit Cost Of Production Workshop In Rushville

Do you manage your ranch as a business? Do you have the information you need to do so? A two-day workshop held in Rushville on Thursday and Friday, December 13 and 14, sponsored by Nebraska Extension, will provide a hands-on learning experience for producers to learn how to calculate a unit cost of production for a cow-calf operation. The workshop will be at the New Christian Church, 109 Loofborrow St. from 8:30 am – 4:00 pm.
 
Having information to make effective business decisions is important for ranch success. Enterprise analysis and unit cost of production (UCOP) are tools that can help ranchers identify where value is being created on the ranch, where costs are occurring, and what changes could be made to improve profit. For cow-calf producers, UCOP is figured as cost per pound of weaned calf. Knowing what it costs to develop a bred heifer, harvest a ton of hay or put a pound of gain on a stocker or a yearling are valuable information as well for the ranch business manager. It takes time to set up and calculate a UCOP, but the benefits are:
· Knowing what present costs are;
· Projecting what unit cost of production will be in 2019;
· Identifying opportunities to improve profitability;
· Using information to make management and marketing decisions.
 
Sound difficult? Hands-on group activities and examples of how to calculate key numbers will help participants through the process. Participants will receive access to Excel® spreadsheet templates that can help them analyze cost of production for their own operation. Extension Educators will be available for follow-up after the workshops.
 
Cost is $50 per person and covers meals for both days. Please pre-register one week prior for a meal count. Payment is due the day of the workshop. Workshops are limited to 30 people per location. Contact the Sheridan County Extension office at 308-327-2312 or jack.arterburn@unl.edu to register or contact Aaron Berger at 308-235-3122 with questions about the workshops.