Industry At A Glance: Grains Top Cattle In Farm Cash Receipts

Nevil Speer

August 22, 2012

1 Min Read
Industry At A Glance: Grains Top Cattle In Farm Cash Receipts

Cattle and calves historically have represented about 20% of farm cash receipts, and peaked at 24% during the years of 1997 and 1998. Meanwhile, corn and soybeans represented 14% of total cash receipts.  In 2007, cattle and calves fell below 20% of farm cash receipts for the first time. Since then, cattle and calves have hovered at about 17%, while corn and soybeans have represented about one-fourth of total cash receipts.  That’s a significant shift in the relative contribution to cash farm revenue over time.

What impact do you think this might have on diversified operations and the subsequent investment in the beef industry’s infrastructure going forward? Leave your thoughts in the comments section below.

About the Author(s)

Nevil Speer

Nevil Speer serves as an industry consultant and is based in Bowling Green, KY.

Nevil Speer has extensive experience and involvement with the livestock and food industry including various service and consultation projects spanning such issues as market competition, business and economic implications of agroterrorism, animal identification, assessment of price risk and market volatility on the producer segment, and usage of antibiotics in animal agriculture.
Dr. Speer writes about many aspects regarding agriculture and the food industry with regular contribution to BEEF and Feedstuffs.  He’s also written several influential industry white papers dealing with issues such as changing business dynamics in the beef complex, producer decision-making, and country-of-origin labeling.
He serves as a member of the Board of Directors for the National Institute for Animal Agriculture.
Dr. Speer holds both a PhD in Animal Science and a Master’s degree in Business Administration.

Contact him at [email protected].

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