Economic Research
Developing Key Performance Indicators for the Beef Sector
Research Lead: Dr. Maury Bredahl , University of Guelph
Executive Summary
PROJECT OBJECTIVE
- Grow the number of producers participating in the key performance indicator project and gather necessary data.
- Identify sources of efficiency and supporting management practices.
- Empower producers to make better management decisions through their use of such information.
Outcomes
RESULTS
- A revised management survey collecting additional information was developed.
- Data envelopment analysis was conducted usingkey revenue and cost metrics obtained from the OFMAP financial series. Results indicate a wide degree of divergence in efficiency scores across cow-calf operations in Ontario.
- Results of the efficiency analysis have been widely disseminated to producers and other stakeholders.
COMMENTS
- Maximizing pasture management and improving birthing and weaning percentages are key performance indicators for the beef sector. Continued research efforts are required in these areas.
- OMAFRA staff has used the results in several tech transfer presentations and in working with individual farmers.