Benchmarks for the ethanol era

摘要

Having conducted Integrated Resource Management (IRM) cash-flow analyses for individual ranchers for 20+ years, I fully understand a ranch mustcash flow every year. Such cash-flowmonitoring is projected to take on evenmore economic significance in the nextfew years as the cattle industry adjusts tothe emerging biofuels era. Since net-cash-flow is one of my early"red-flag" management indicators (seeApril 2007 "Market Advisor"), I am publishing my first-ever, cash-flow benchmarks for beef-cow producers.