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Costs and Returns for Beef Producers, 2001

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Total economic costs in 2001 for Illinois beef feeding enterprises exceeded total returns by $8.48 per 100 pounds of beef produced on 8 beef feeding farms. Total costs exceeded returns by $5.55 per 100 pounds produced in 2000. Total returns have exceeded total economic costs in only four years since 1980, when this study began. Those years were 1999, 1992, 1990, and 1987. The 2001 level of returns was $1.48 per 100 pounds beef produced below the average returns for the period 1992 through 2001. Figure 1 illustrates average returns, cash operating costs and total costs for the 1992 through 2001 time period.

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