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Economic Feasibility Of The Cattle Feeding Industry In The Northern Plains And Western Lakes States

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  • Duncan, Marvin R.
  • Taylor, Richard D.
  • Saxowsky, David M.
  • Koo, Won W.

Abstract

The five-state study area of the Northern Plains and Western Lakes States, Minnesota, Montana, North Dakota, South Dakota, and Wisconsin, has adequate feed supplies and feeder cattle to markedly increase cattle feeding. Feed costs in these states have historically been lower than in the Southern Plains States. However, higher transportation costs appear to offset that advantage. Close access to slaughter plants in these states could offset that transportation disadvantage. Backgrounding of cattle appears to be quite profitable and cattle feeding, especially in larger sized feedlots, can be profitable. However, the cattle feeding industry has an increasing level of excess capacity. To be successful, new feedlots in the Northern Plains and Western Lakes States would need cost efficiencies to offset higher production costs, compared to Nebraska and Kansas, or would need to produce for a niche market unaffected by the lower operating costs of already established feedlots in the Central and Southern Plains States. Finally, a range of strategies are available in developing value-added cattle production in the Northern Plains and Western Lakes States. These strategies embody differing levels of capital investment, and involve different levels of risk and profitability.

Suggested Citation

  • Duncan, Marvin R. & Taylor, Richard D. & Saxowsky, David M. & Koo, Won W., 1997. "Economic Feasibility Of The Cattle Feeding Industry In The Northern Plains And Western Lakes States," Agricultural Economics Reports 23199, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23199
    DOI: 10.22004/ag.econ.23199
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    File URL: https://ageconsearch.umn.edu/record/23199/files/aer370.pdf
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    References listed on IDEAS

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    1. Stearns, Larry D. & Sell, Randall S. & Watt, David L. & Anderson, Vernon L., 1993. "Establishing a Beef Cattle Feedlot using By-Products of Ethanol Production in North Dakota," Staff Papers 121141, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Stearns, Larry D. & Sell, Randall S. & Watt, David L. & Anderson, Vernon L., 1993. "Economics of Establishing a Beef Cattle Feedlot Using By-Products of Ethanol Production in North Dakota," Agricultural Economics Reports 23175, North Dakota State University, Department of Agribusiness and Applied Economics.
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    Cited by:

    1. Haugen, Ronald H. & Hughes, Harlan G., 1997. "Economic Evaluation Of Wet Corn Gluten Feed In Beef Feedlot Finishing," Agricultural Economics Miscellaneous Reports 23106, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Adam C. Castonguay & Stephen Polasky & Matthew H. Holden & Mario Herrero & Daniel Mason-D’Croz & Cecile Godde & Jinfeng Chang & James Gerber & G. Bradd Witt & Edward T. Game & Brett A. Bryan & Brendan, 2023. "Navigating sustainability trade-offs in global beef production," Nature Sustainability, Nature, vol. 6(3), pages 284-294, March.

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      Keywords

      Production Economics; Agribusiness;

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