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Managing Risks in Beef Production: Tools for On-Farm Finishing and Direct-to-Consumer Marketing

Extension Education

Jacob Hefley
Agricultural Business Field Specialist
University of Missouri
Forsyth

Abstract

This poster highlights key resources from the University of Missouri Extension’s Value-Added Meats Team to help beef cattle producers manage financial and market risks associated with selling beef direct-to-consumer. The primary objective of these resources is to provide producers with tools and strategies for evaluating local beef marketing opportunities, assessing the financial viability of these enterprises, and successfully implementing them into their operation. Evaluating Direct-to-Consumer Marketing Opportunities for Local Beef in Missouri provides strategies for selling beef. It covers pricing structures, market channels, and operational considerations, enabling producers to make informed decisions about entering local beef markets. The On-Farm Beef Finishing Planning Budget is a practical budgeting tool that helps producers evaluate the costs and profitability of retaining ownership from calving through finishing. This tool includes variables such as feed, labor, and marketing costs, allowing producers to assess the financial viability of selling live fed cattle, beef shares, or individual cuts of beef. Additionally, the 5 Steps to Buying Meat Direct from the Farm guide helps producers educate consumers on topics such as dressing percentages, freezer space requirements, and inspection programs, fostering better understanding and stronger connections in local markets. 

Each of these resources has garnered significant interest, with 11,319 combined views and downloads, reflecting their value to Missouri producers. By utilizing these tools, producers can better understand the financial dynamics of direct-to-consumer beef marketing. Together, these resources empower producers to make informed pricing decisions, ensuring they charge enough to cover costs and achieve profitability. They also support marketing decisions by helping producers compare the financial implications of selling beef shares versus individual cuts. Expected outcomes include reduced financial uncertainty, smarter decision-making, and improved profitability, enabling beginning farmers, ranchers, and those expanding their operations to thrive in the competitive beef industry.

Poster has NOT been presented at any previous NACAA AM/PIC

This poster is being submitted for judging. It will be displayed at the AM/PIC if not selected as a State winner. The abstract will be published in the proceedings.

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Authors: Jacob Hefley, Jennifer Lutes, Kyle Whittaker, Drew Kientzy, Eric Meusch, Amie Breshears, Rachel Hopkins
  1. Hefley, J. Agricultural Business Field Specialist, University of Missouri Extension, Missouri, 65653
  2. Lutes, J. Agricultural Business Field Specialist, University of Missouri Extension, Missouri, 64856
  3. Whittaker, K. Extension Engagement Specialist, University of Missouri Extension, Missouri, 65706
  4. Kientzy, D. Research Analyst, University of Missouri Extension, Missouri, 65211
  5. Meusch, E. Livestock Field Specialist, University of Missouri Extension, Missouri, 65560
  6. Breshears, A. Agricultural Business Field Specialist, University of Missouri Extension, Missouri, 65355
  7. Hopkins, R. Agricultural Business Field Specialist, University of Missouri Extension, Missouri, 63664