Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   
   

Beef Buzz News


Graduating Vets Stifled by School Loans

Mon, 15 Dec 2014 15:49:10 CST

Graduating Vets Stifled by School Loans
A veterinary education is extremely costly, sometimes leaving students with a stack of debt at the end of vet school. Dr. Michael Dicks specialized in ag policy at Oklahoma State University in the Agricultural Economics Department. At the beginning of 2013 he became the director of the Veterinary Economics division of the American Veterinary Medical Association. Dicks said having a lot of student loans can make it very difficult for graduates to start a large animal veterinary practice.


"The market for education is the start of that pipeline and whatever it costs those veterinarians to go to school when they become veterinarians, some how they have to be able to make enough money to pay off that debt," Dicks said. "The average veterinarian getting out of school today has about $130 - thousand dollars in debt. That's the average, but we also have kids that have up to $400-thousand dollars in debt."


Radio Oklahoma Network Farm Director Ron Hays featured Dicks on the Beef Buzz feature. Click or tap on the LISTEN BAR below to listen to today's Beef Buzz.


Being a veterinarian isn't as financially lucrative as you might think. Dicks said veterinarians receive on average a salary of $66 - thousand dollars with the low end range at $40 thousand dollars annually and the top end receives about $85 thousand a year. He said this gives veterinarians a debt to income ratio somewhere between two and four and in most cases many would have to borrow money for the first five years in order to be a practicing veterinarian.


One of the problems is that some of the services that were once provided by large animal veterinarians are now being performed by other individuals and that cuts into the revenue stream. Dicks said part of that problem is that at one time there wasn't enough food-animal veterinarians, so somebody else moved in. Now there technicians that do artificial insemination, embryo transfer, preg-checking, ultra-sounding for carcass characteristics, ultrasounding for pregnancy, foot trimming, nutrition, among others. Dicks said a lot of those services the veterinarian doesn't do any more.


Dicks recommends new veterinarians consider expanding their capabilities to offer a wider variety of services to therefore increase their business income. He said in the long-run that benefits the veterinarian, their customers like cattle producers and it allows the veterinarian to pay student loans at a faster rate. There are also several programs that will assist veterinary medicine graduates repay their student loans.


The Oklahoma State University Center for Veterinary Health Sciences and the Oklahoma Department of Agriculture, Food and Forestry has established the Large Animal Veterinarian Incentive educational loan repayment program. Up to two recipients will be selected to receive a grant up to $25 thousand dollars annually for a maximum of four years. To be eligible the veterinarian needs to be employed full-time in an Oklahoma community with a population of less than 25 - thousand according to the latest federal census. The application deadline is January 1, 2015. For more information or to apply contact chris.ross@okstate.edu


The US Department of Agriculture has also established the Veterinary Medicine Loan Repayment Program (VMLRP) for food animal, mixed animal or large animal practitioners. The program through the National Institute of Food and Agriculture will pay up to $25,000 of school loans per year for three years to a practitioner who is practicing in an area that has a shortage of food animal practitioners. This could be an area that does not have a current practitioner, or an area that is currently underserved, but it can also be an area that is currently served, or partially served, by an older practitioner who is planning to retire in the next couple of years. Click here for the listing of designated underserved areas. Nominations must be submitted by January 20, 2015. Click here for more information and how to apply for the Veterinary Medicine Loan Repayment Program.


Veterinarians who submitted applications previously are encouraged to re-apply.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.


   


   



Ron Hays Beef Buzzes with Dr. Michael Dicks of AVMA
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • South Dakota Rancher Todd Wilkinson Tells EPW, Cattlemen Part of the Solution to Climate Change  Tue, 22 Oct 2019 07:53:15 CDT
  • Rabo Analyst Don Close Predicts Grow Yard Concept Will Become Essential to the Beef Pipeline System  Mon, 21 Oct 2019 11:56:03 CDT
  • OSU's Janeen Salak-Johnson Tells Cattle Producers Being Open to Doing Things Differently Can Save an Industry  Fri, 18 Oct 2019 15:02:09 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Thu, 17 Oct 2019 05:56:09 CDT
  • Letting the Markets Do What They Do - Economist Glynn Tonsor Explains All  Wed, 16 Oct 2019 07:45:29 CDT
  • NCBAs Season Solario Explains How the Checkoff is Working to Head Consumers Off at the Pass, Digitally Speaking  Tue, 15 Oct 2019 09:31:40 CDT
  • NCBAs Season Solario Unveils the Magic Behind the Success of the Beef. Its Whats for Dinner Brand  Fri, 11 Oct 2019 06:26:18 CDT
  • Changes in the Dynamics of Global Beef Trade Evident in Latest Export Numbers Out from USMEF  Thu, 10 Oct 2019 13:42:22 CDT
  • Markets Well Down the Road to Recovery as Heat from the Tyson Fire Cools Down  Wed, 09 Oct 2019 05:54:36 CDT
  • With a Trade Deal in the Bag, NCBAs Kent Bacus Says Nothing Stands in the Way of US Beefs Domination in Japan  Tue, 08 Oct 2019 20:05:48 CDT
  • The Numbers Dont Lie - K-State Economist Glynn Tonsor Says No Beef Demand Bump from COOL  Mon, 07 Oct 2019 08:20:15 CDT
  • Better Times Ahead for Cow/Calf Producers Says LMIC Senior Economist Jim Robb  Fri, 04 Oct 2019 07:00:38 CDT
  • Market Watcher Jim Robb Suggests Aggressive Female Slaughter Activity May Set Stage for Higher Fed Prices  Thu, 03 Oct 2019 08:00:20 CDT
  • LMAs Chelsea Good Shares Her Thoughts on Today's Hot Button Issues in the Animal Ag Industry  Wed, 02 Oct 2019 09:26:24 CDT
  • Livestock Marketing Associations Chelsea Good Working with Industry Partners to Address Post-Fire Market Concerns  Tue, 01 Oct 2019 06:28:51 CDT
  • okPORK's Roy Lee Lindsey Exposes the Hypocrisy of Mandatory Country of Origin Labeling  Mon, 30 Sep 2019 18:14:34 CDT
  • NCBAs Colin Woodall Pushes Back on OCMs False, Inflammatory Claims Regarding Checkoff Funding  Mon, 30 Sep 2019 11:50:44 CDT
  • King Ranch Institute's Dr. Clay Mathis Talks Technology on the Ranch, and How to Make Money Using It  Fri, 27 Sep 2019 14:29:24 CDT
  • King Ranch Institute's Dr. Clay Mathis Talks Technology on the Ranch, and How to Make Money Using It  Fri, 27 Sep 2019 10:36:39 CDT
  • Trump Strikes Deal with Japan - NCBA Lobbyist Colin Woodall Affirms It's Just What Cattlemen Wanted  Thu, 26 Sep 2019 10:25:22 CDT
  • Grow Yard Concept Finding Its Footing in Beef Industry - Analyst Don Close Says Opportunity Abounds  Tue, 24 Sep 2019 10:30:21 CDT
  • K-State's Glynn Tonsor Says Struggling Cattle Markets Propped Up By Robust Domestic Beef Demand  Mon, 23 Sep 2019 11:53:00 CDT
  • Burger King Reports Increased Sales of Conventional Beef Burgers Alongside Climbing Impossible Burger Sales  Fri, 20 Sep 2019 10:34:32 CDT
  • USMEF's Dan Halstrom on What Japan's Meat Trade Really Wants from the US Beef Cattle Industry  Thu, 19 Sep 2019 10:11:34 CDT
  • Formal Agreement with Japan Announced by White House Could Help Grow Island's Taste for Tongue  Wed, 18 Sep 2019 11:05:20 CDT
  • OSU's Janeen Salak-Johnson on Killing the Sacred Cows of the Beef Business, How Being Open to Doing Things Differently Can Save an Industry  Tue, 17 Sep 2019 10:34:24 CDT
  • OSU's Janeen Salak-Johnson Warns Beef Producers of the Coming Scrutiny from Animal Welfare Activists  Mon, 16 Sep 2019 11:07:53 CDT
  • Repeal of WOTUS Strikes Emotional Chord with OCA's Michael Kelsey, Reflecting on Action's Significance  Fri, 13 Sep 2019 11:36:52 CDT
  • American Angus Assoc. CEO Mark McCully Reflects on the Angus Breed's Role the Beef Industry Today  Thu, 12 Sep 2019 11:49:28 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:06:31 CDT
  • Fall Looking Like a Mixed Bag for Beef - Peel Advises Producers Pay Close Attention to Market Dynamics  Wed, 11 Sep 2019 10:04:16 CDT
  • Cattle Markets Not Expected to Improve as Seasonal Demand Shifts into Lower Gear Heading into Fall  Tue, 10 Sep 2019 10:22:26 CDT
  • State Officials in Colorado Help Local Farmers, Ranchers Launch New "Better With Beef" Initiative  Mon, 09 Sep 2019 11:21:19 CDT
  • Beef Industry Soon to Launch New Campaign Leveraging Consumer Interest in the BQA Program  Fri, 06 Sep 2019 10:06:04 CDT
  • NCBA's Alisa Harrison Highlights the Tremendous Value Digital Marketing Adds to the Beef Checkoff  Thu, 05 Sep 2019 10:27:08 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   Jan 19  |   Feb 19  |   Mar 19  |   Apr 19  |   May 19  |   Jun 19  |   Jul 19  |   Aug 19  |   Sep 19  |   Oct 19  |   Nov 19  |   Dec 19
       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.