NMSU's Ranch Management Series focuses on restocking strategies
The well-received rains across much of New Mexico in August and September have improved rangeland conditions and optimism in the ranching community. While most would agree that there is uncertainty as to whether the drought has subsided, ranchers are cautiously strategizing options to restock New Mexico rangelands.
“As the growing season comes to a close, most ranchers across the state will be playing ‘a different hand of cards’ than the last few years, since most ranchers have grown some grass with the late season rains. The largest wildcard is determining how to play out the winter season from a resource and cattle management standpoint,” said Manny Encinias, extension beef cattle specialist for New Mexico State University’s Cooperative Extension Service.
The second annual Ranch Management Series in northeastern New Mexico, hosted by NMSU’s Cooperative Extension Service, is focused on providing ranchers with tools and discussion platforms to assess range readiness, winter nutrition, risk management and restocking options for their ranches.
The series began in late October with the aim of providing ranchers with tools, methods and criteria to determine how well their rangelands have responded to late summer rains.
The November series, slated for Nov. 13 in Roy and Nov. 14 in Tucumcari, will be focused on evaluating risk management strategies when buying and selling cattle.
“Short supplies of live cattle and continued high demand for U.S. beef are keeping the cattle market strong,” Encinias said, “but it is making the initial investment of buying cattle to restock a little more challenging without a risk management or marketing plan.”
As respected professionals actively involved in the procurement and marketing of cattle, presenters include: Surcey Peoples with Cactus Feeders; Alvin Downey, a cattle broker for CBI Livestock; Tim Foote, owner of Tim Foote Cattle Co; and Albert Burton, co-owner of Western Beef Marketing in Clayton. They will address such topics as forward contracting, hedging, futures, options and break-evens for program participants at both venues in November.
The November series will be held at the Harding County Community Building in Roy on Wednesday, Nov. 13, and at the Tucumcari Convention Center in Tucumcari on Thursday, Nov. 14. Both sessions will begin at 4:30 p.m. A roundtable discussion and complimentary supper will follow each session.
Sessions are designed to be driven by questions from program attendees leading to discussion with experts and fellow ranch managers on timely management topics.
Registration is not required, but it is appreciated to assist with meal planning. To RSVP for the session in Roy, call 575/673- 2341, and for the Tucumcari session, call 575/461-0562.
Directions to each location, an online RSVP and future meeting dates are also available online at nmbeef.nmsu.edu. — WLJ