1. Cow/Calf Cost of Production Goals Oklahoma State University

2. IRM-SPA Goal setting starts with an evaluation of ranch performance….  Determine profitability of the ranch  Identify areas where the ranch business has excelled  Identify opportunities for improvement

3. IRM-SPA  Provide for more informed decisions! Why Evaluate Ranch Performance?

4. IRM-SPA Standardized Performance Analysis (SPA) is... A management tool to integrate production and financial data in performance measures. Cow-Calf SPA... helps identify possibilities for change in the cow-calf enterprise. It is not a record-keeping program! Benchmarks from SPA Data

5. SPA-P Financial Records QUICKEN Accrual Adjustments Production Records Building Standardized Performance Analyses SPA SPA-F

6. IRM-SPA Why is standardization needed?

7. IRM-SPA Calving % April 1, 2000 81 calves/96 cows = 84.4 calving % Right or wrong?

8. IRM-SPA Calving % How many females were exposed at breeding? 96 cows now, culled 8 since breeding, one died...

9. IRM-SPA What We Are Learning From SPA Data Production is important... Marketing is important... Managing production costs is critical! Production is important... Marketing is important... Managing production costs is critical!

10. Production Performance % 1991-98

11. Production Performance lb 1991-98

12. IRM-SPA  What are the differences between the most and least profitable herds? 1991-98 TX, NM, OK 291 herds

13. SPA Statistics

20. IRM-SPA  What are the differences in production and financial statistics for small vs. large herds?

21. SPA Statistics

25. IRM-SPA What We Are Learning From SPA Data Production is important... Marketing is important... Managing production costs is critical! Production is important... Marketing is important... Managing production costs is critical!

26. IRM-SPA  To be continued..… with your assistance!

27. IRM-SPA Projections for one or more years lead to better management decisions. Control Implementation Planning