Cattle producers from across North Dakota are gathered in Bismarck this weekend for the 97th annual Stockmen’s Association Convention and Trade Show.
The three-day event, running through Saturday, offers a critical platform for ranchers to gather. Activities include golfing and networking, but the core focus remains on discussing various politics and pressing issues impacting the agricultural sector.
A significant concern for producers across the state, and a hot topic at the convention, is the ongoing financial volatility within agriculture.
Ranchers are currently grappling with escalating operational costs. These increases are tied directly to essential inputs such as fuel, feed, and equipment, all while producers must closely monitor cattle and beef prices in the market.
Despite a rise in the cost of meat for consumers, this upward trend does not necessarily translate into higher earnings for the producers themselves. This disparity highlights a key challenge for those in the industry.
Tim Erble, Vice President of the Stockmen’s Association, described this situation as ranchers paying a “double duty,” explaining the nature of freight costs within their operations.
As Erble detailed, ranchers require fuel to produce their product and to conduct their daily work, incurring costs on one end. They then face additional shipping expenses when their product leaves the farm, creating a significant economic burden.
According to Erble, the “biggest concern” for the association’s membership is the overall political scene, particularly how it influences input costs.
This environment of rising input costs can become quite heavy, especially for individuals who are new to the cattle industry and establishing their operations.
Recognizing this challenge, the Stockmen’s Association intends to do all it can to provide support.
Randy Schmitt, President of the Stockmen’s Association, noted that efforts are underway to secure “help for those beginning ranchers.” He mentioned that programs, such as low-interest loans, are available.
While Schmitt acknowledged these programs are “not a fix-all,” he emphasized that they serve as a crucial aid, helping new producers navigate and get through tough financial times.
Throughout the remainder of the event, members will be given specific opportunities to discuss these economic pressures and potential solutions. The convention concludes its activities on Saturday.