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Economic Subject Matter Meetings

Economic Subject Matter Meetings. October 2002. Five-State Beef Initiative in Kentucky. Five State Beef Initiative - Update. Indiana, Ohio, Michigan, Illinois and Kentucky Through September, ’04 E. Cornbelt beef supply chain initiative Req. include: source verification, certification.

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Economic Subject Matter Meetings

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  1. Economic Subject Matter Meetings October 2002 Five-State Beef Initiative in Kentucky

  2. Five State Beef Initiative - Update • Indiana, Ohio, Michigan, Illinois and Kentucky • Through September, ’04 • E. Cornbelt beef supply chain initiative • Req. include: source verification, certification

  3. Produce Benefits of the FSBI • Receive 50% Cost Sharing on EID’s and carcass data collection through 2003 • Receive detailed performance and carcass data that can be benchmarked with other producers • Learn where your cattle fit in the marketplace • Be part of a progressive, multi-state, source verified beef cattle alliance

  4. Requirements of the FSBI • Source verify - Use electronic ID tags (EID’S) • Health - manage calves by CPH-45 guidelines • Market calves trackable lots (ie: load lots, CHP sales, etc.) • Basic cow/calf production records (SPA/CHAPS) • FSBI producer certification training • Genetics, environmental and humane standards

  5. Update on Participation 2001 -2300 calves from 142 different producers -Carcass data returned on over 1700 2002 -5400 calves from 195 different producers -Carcass data is still being returned

  6. What have we learned thus far? • Kentucky feeders calves perform better than expected in the feedlot and on the rail • Uniformity still needs to be improved • Carcass data is not only useful to individual producers, it can be a marketing tool for county / multi-county groups • Cooperation can exist within the current beef marketing system

  7. This presentation was presented with the Agricultural Situation and Outlook, Fall 2002, publication number ESM-28, published by the Department of Agricultural Economics at the University of Kentucky with an additional contribution from Kentucky State University in October 2002. The entire publication can be accessed on the WWW at http://www.uky.edu/Ag/AgEcon/publications/esm_28.pdf. This article presents information on the economic situation and outlook for Kentucky agriculture and is intended to assist farmers, agribusiness professionals, Extension filed staff, and others with interest in agriculture and agribusiness. Information presented here is based on the most recent information and research available. However, the rapidly changing economic and policy conditions for agriculture limit the usefulness and life span of conclusions and recommendations cited here. Decision makers should keep these facts in mind. Feel free to use the information included in this publication for other uses, but please provide professional citation about the source. This paper is published without formal review and the views expressed are those of the authors and do not necessarily reflect the views of the University of Kentucky, the Agricultural Experiment Station, or the Cooperative Extension Service. If you need additional information or if you would like to provide comments or suggestions about this slideshow, please contact Kenny Burdine at kburdine@uky.edu. University of Kentucky, Department of Agricultural Economics 400 Charles E. Barnhart Bldg., Lexington, KY 40546-0276  Phone: 859-257-5762, Fax: 859-323-1913 URL: http://www.uky.edu/Ag/AgEcon/

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