I just wondered at thoughts out there from farm managers regarding least cost versus optimal cost production.
Are they the same thing? I appreciate that producers are often preached to about least cost production, but does this provide profit maximization?
Do you see this changing at all with the development of grid based pricing and/or specialty/branded beef products and a slow shift away from commodity marketing? Is the marketplace just shifting so that branded products become a commodity?
Thoughts? Comments?
Are they the same thing? I appreciate that producers are often preached to about least cost production, but does this provide profit maximization?
Do you see this changing at all with the development of grid based pricing and/or specialty/branded beef products and a slow shift away from commodity marketing? Is the marketplace just shifting so that branded products become a commodity?
Thoughts? Comments?
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