Table 8. Livestock Enterprise, cost and returns for a 200 acre farm with livesto
as the primary enterprise, with above average management, Eastern Slop
2001.
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GROSS RETURNS Sale GuidelineGuideline
Weight Total Value Value
NUMBER $/CWT (CWT) ($) ($/Cow) ($/AU)
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0 YEARLING HEIFERS $85.00 4.85 $0 $0.00 $0.00
0 YEARLING STEERS 92.00 5.25 0 0.00 $0.00
36 HEIFER CALVES 104.00 4.20 15,725 157.25 $134.96
46 STEER CALVES 112.00 4.70 24,214 242.14 $207.82
1 BULLS 42.00 14.75 620 6.20 $5.32
8 CULL COWS 38.00 8.85 2,690 26.90 $23.09
1,383 MANURE 0.13 8.00 1,383 13.83 $11.87
TOTAL $44,632 $446.32 $383.06
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GuidelineGuideline
Value Value
NUMBER PURCHASED INPUTS Unit $/Unit Total ($/Cow) ($/AU)
------ --------- ------ ------ ------ ------ ------------------
FORAGE:
40 ALFALFA AUM $10.00 $400 $4.00 $3.43
160 PERMANENT PASTURE AUM $10.00 $1,600 $16.00 $13.73
797 NATIVE RANGELAND AUM $1.35 $1,076 $10.76 $9.23
_______ ________ ________
SUBTOTAL $3,076 $31 $26
LABOR, FEED, LIVESTOCK: Unit $/Unit Total ($/Cow) ($/AU)
----- ---- ---------- ------ ------ ------ ------------------
2 PROTEIN SUPPLEMENT TON 245 490 $4.90 $4.21
1 SALT & MINERALS TON 210 168 1.68 1.44
161 HAY TON 120 19,260 192.60 165.30
0 GRAIN TON 200 0 0.00 0.00
0 GRAIN CUBES TON 200 0 0.00 0.00
FUEL AND REPAIRS ANNUAL 0 0.00 0.00
VETERINARY AND MEDICINE ANNUAL 850 8.50 7.30
0 BULLS PURCHASED HEAD 1500 0 0.00 0.00
LIVESTOCK TAXES ANNUAL 19 0.19 0.16
MAINTENANCE ANNUAL 0 0.00 0.00
110 PREGNANCY TEST HEAD 2 220 2.00 1.89
158 LABOR HOUR 5 790 7.90 6.78
91 BEEF CHECKOFF PROGRAM HEAD 1 91 0.91 0.78
MISCELLANEOUS ANNUAL 0 0.00 0.00
______ ________ ________
SUBTOTAL $21,888 $218.68 $187.85
OVERHEAD EXPENSES
-------- --------
EMPLOYEE BENEFITS 0 $0.00 $0.00
INSURANCE 0 $0.00 $0.00
DEPRECIATION 523 $5.23 $4.48
SUPERVISION AND MANAGEMENT 1,624 $16.24 $13.94
OTHER EXPENSES 809 $8.09 $6.94
________ ________ ________
SUBTOTAL $2,956 $29.56 $25.37
TOTAL OPERATING EXPENSES $27,919 $279.19 $239.61
________ ________ ________
NET OPERATING PROFIT $16,713 $167.13 $143.44
CAPITAL COST
INTEREST ON OPERATING CAPITAL $1,065 $11 $9
INTEREST ON MACHINERY AND IMPROVEMENTS $821 $8 $7
INTEREST ON LIVESTOCK $0 $0 $0
TOTAL CAPITAL COST $1,886 $19 $16
RETURN TO RISK $14,827 $148 $127
RATE OF RETURN ON INVESTMENT 19.5192%
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BUDGET SUMMARY
GROSS RETURN $44,632
VARIABLE OPERATING EXPENSES $24,963
RETURN OVER VARIABLE EXPENSES $19,669
FIXED EXPENSES $1,331
NET FARM INCOME $18,338
LABOR AND MANAGEMENT COST $1,624
NET OPERATING PROFIT $16,713
CAPITAL COST $1,886
RETURN TO LAND AND RISK $14,827
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