During the September board meeting, Dr. Massey reported to the IBBA Board of Directors it might be a year before the association knows the total impact of the drought in Texas and Oklahoma on the cattle within the association. He also reported revenues from THR only decreased by 3.6% or 880 head, which is much better than what was initially expected considering cattle liquidations occurring in both Texas and Oklahoma. Membership is down by 46 members but was compensated by an increase in adjusted expenses of 4%.
All other activities, such as promotion, continue to make progress as planned. The staff traveled from Florida to Arizona to attend 31 events so far in 2011, and they have scheduled to attend another 10 to 12 events between now and the end of the year.