A bioeconomic computer model was used to evaluate alternate calving seasons in a cow-calf enterprise under range conditions representative of the Northern Great Plains. The simulated ranch utilized a rotational breeding system based on Hereford and Angus and had a fixed forage base (4,500 animal unit months of native range, 520 t of grass hay, and 183 t of alfalfa hay). Calving seasons studied were spring (SP, beginning March 15), summer (SU, beginning May 15), and fall (FA, beginning August 15). Weaning dates were October 31, December 15, and February 1, for SP, SU, and FA. The SP system was also simulated with a 5% increase in calf mortality (SP-IM), and SU with early weaning on October 31 (SU-EW). Herd size for the fixed resource was 509, 523, 519, 560, and 609 cows exposed per year for SP, SP-IM, SU, SU-EW, and FA, respectively. Corresponding values for weight weaned per cow exposed were 206, 186, 193, 153, and 145 kg. Steer calves, nonreplacement heifer calves, and cull cows were sold at the time of weaning. Quarterly cattle and feed prices used were representative of the peak, descending, valley, and ascending phases of the 1990s cattle cycle adjusted for inflation. Estimates of ranch gross margin (gross returns minus variable costs) were greatest for SP, followed by SP-IM, SU, SU-EW, and FA, and the ranks were consistent across phases of the cattle cycle. Differences between ranch gross margin for SP-IM and SU were small. In beef enterprises representative of the Northern Great Plains, with a restricted grazing season, limited access to low-cost, high-quality grazeable forage, and with calves sold at weaning, switching from early spring to a summer or fall calving date is not expected to improve profitability. If delaying calving improves calf survival, then calving in early summer may be a competitive choice.