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October 21, 2021

What We’re Reading | Is this a good investment?

By Reynold Bergen, BCRC, for Canadian Cattlemen

The Beef Cattle Research Council (BCRC) projects featured in this column are funded by the Canadian Beef Cattle Check-Off. When the check-off increased a few years ago, the BCRC’s budget rose from around 15 cents to 67 cents per head marketed. This allowed us to start some new research programs. Now that we’re a few years in I can update you on how they’re going.

One is our “Proof of Concept” program. Research is complicated and costly, so we have independent scientists review each research proposal to make sure it is scientifically sound and likely to achieve its goal before investing your dollars into it. Sometimes the reviewers say “this is an interesting project, but it’s really costly, and it all hinges on an untested idea. It’d be better if they had some preliminary evidence that this new idea is worth pursuing, before funding a costly, full-scale project.”

In 2018 the BCRC started funding Proof of Concept projects to gather these preliminary results and help decide whether these new ideas are worth scaling up into full-scale research trials. Here’s what two of the first Proof of Concept projects told us.

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‘What We’re Reading’ is a quick look at some of the issues and insights Alberta Beef Producers’ content creators and editors are reading to stay up-to-date, to broaden perspectives, and to explore issues relevant to the agriculture industry.

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Cattle Report

Updated: 12/06/2024

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Boner Cows

Over 500 lbs: 264.41

Canadian Dollar

$73.09   0.37

Livestock Price Insurance Index

Expiry Fed Feeder Calf
2-Sep-24 234 326 --
30-Sep-24 232 328 376
28-Oct-24 230 328 372
25-Nov-24 228 324 370
23-Dec-24 232 318 368
20-Jan-25 234 320 --
17-Feb-25 236 324 382
Last Updated on June 7, 2024

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