Fall, despite the ups and downs of weather and other difficult issues, always means a new school year. Summer vacation is over and life starts to migrate toward thoughts of learning and advancing in life.
Vacation is good, but the real essence of success means gaining knowledge on what one wants to do in life. To do better, much like the 4-H creed, I pledge my head to clearer thinking, my heart to greater loyalty, my hands to larger service and my health to better living, for my club, my community, my country and my world. That creed has been recited millions of times and has led young people to make commitments that affect their lives and those around them.
In particular, I teach a class in the fall called Problems in Livestock Management. The principal objective of the class involves the management and evaluation of a system within the cow-calf enterprise.
As we concluded the first lecture, I asked the class to write what they thought of the beef business. There was no direction given, only that they give an honest expression of what they thought was relevant.
All the students come from active cow-calf enterprises. To paraphrase their
thoughts: The beef industry is profitable. Even for the students who have not lived through previous cycles of the cattle business, the feeling that current price levels were at all-time highs was evident.
The environment that these students are exposed to is different than previous classes. While extremely excited to capitalize on the ability and opportunity to bring home some real dollars, the need to meet the many challenges within the cattle business also is very real. All the students inferred that the current cattle price levels are significant.
The downside is obvious, at least for those looking to get started in the beef business. The cost of getting into the business is significant and, in some cases, prohibitive. The reality is that, in some parts of the country, producers are exiting the business due to environmental extremes, while producers in other parts of the country cannot expand fast enough to accommodate forage production or other feed reserves. This provides one with a real reminder that the cattle business still is a roll of the dice. A bad roll may mean a quick exit.
For the savvy young minds, the question quickly becomes one of beating the odds.
The increasing access to foreign markets was noted but expressed with caution because the ups and downs of foreign markets can bring significant uncertainty.
The concept of involving new technology was exciting and expressed by the students. The ability to select cattle through appropriate genetic technology to build a herd that will meet very specific objectives was real to them. New tools, such as the selection for feed efficiency that would lower cow-calf production costs, will be implemented. A strong desire to keep up with changes in technology also was noted, with the idea that the failure to incorporate solid information within the enterprise will result in negative impacts in the future.