Breeding objectives: The genetic business plan for your herd
Randie Culbertson, ISU extension cow-calf specialist
A business plan is often used as a road map to achieve success. It allows the operation to articulate the business mission and helps to define the company's goals while identifying potential opportunities and challenges. Developing a comprehensive business plan requires understanding the business landscape and markets while providing the business with a strategic plan for sustained growth. A business's strategic plan is crucial for financial planning and management. A business plan provides a roadmap for how a business should allocate resources efficiently and manage cash flow. A business plan should serve as a dynamic tool able to change and evolve to adjust to changing markets. Typically, a business plan is credited as a strategic tool for long-term success.A breeding objective achieves similar goals as a business plan but on the genetic level of your herd. A breeding plan should establish a roadmap for reaching the genetic goals of your herd while simultaneously considering your resource advantages and limitations. The general goal of a breeding plan is to breed the “best” animal. It also defines your goal for the best animal and how to achieve that. Breeders at all levels should tailor their breeding objectives to meet the unique needs of their operations or customers. When the time comes for you to put pen to paper and start to formulate your breeding objective, start by asking yourself about the current performance of your herd, how you want the herd to improve, have a plan to measure change over time, and what resources do you have available. A breeding objective should establish the following:
Making genetic improvements in your herd is a long game. Cattle have a long generation interval, especially compared to other livestock species. Because of this, making genetic changes in herds can take years. Establishing a plan for how you want to make genetic changes to your herd is critical for success. So, as you start to sort through this spring’s bull sale catalogs, have your genetic road map on hand to help purchase the right bulls to meet your breeding objectives.
Source: Iowa State University