Table 9. Livestock Enterprise, cost and returns for a 60 acre farm with livestoc
as the primary enterprise, with above average management, Grant and Ca
Counties, 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 7.35 $11,246 $224.91 $184.48
0 YEARLING STEERS 92.00 7.50 15,870 317.40 $260.34
18 HEIFER CALVES 104.00 4.20 7,862 157.25 $128.98
23 STEER CALVES 112.00 4.20 10,819 216.38 $177.49
0 BULLS 42.00 14.75 0 0.00 $0.00
5 CULL COWS 38.00 8.85 1,682 33.63 $27.58
702 MANURE 0.13 8.00 702 14.03 $11.51
TOTAL $48,180 $963.60 $790.38
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GuidelineGuideline
Value Value
NUMBER PURCHASED INPUTS Unit $/Unit Total ($/Cow) ($/AU)
------ --------- ------ ------ ------ ------ ------------------
FORAGE:
25 ALFALFA AUM $10.00 $250 $5.00 $4.10
120 PERMANENT PASTURE AUM $12.00 $1,440 28.80 23.62
298 FOREST AUM $1.35 $402 8.03 6.59
_______ ________ ________
SUBTOTAL $2,092 $42 $34
LABOR, FEED, LIVESTOCK: Unit $/Unit Total ($/Cow) ($/AU)
----- ---- ---------- ------ ------ ------ ------------------
1 PROTEIN SUPPLEMENT TON 245 245 $4.90 $4.02
0 SALT & MINERALS TON 210 84 $1.68 $1.38
116 HAY TON 118 13,653 $273.05 $223.97
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 755 $15.10 $12.39
0 BULLS PURCHASED HEAD 1500 0 $0.00 $0.00
LIVESTOCK TAXES ANNUAL 10 $0.19 $0.16
MAINTENANCE ANNUAL 0 $0.00 $0.00
55 PREGNANCY TEST HEAD 2 110 $2.00 $1.80
79 LABOR HOUR 5 395 $7.90 $6.48
46 BEEF CHECKOFF PROGRAM HEAD 1 46 $0.92 $0.75
MISCELLANEOUS ANNUAL 0 $0.00 $0.00
______ ________ ________
SUBTOTAL $15,297 $305.75 $250.95
OVERHEAD EXPENSES
-------- --------
EMPLOYEE BENEFITS 0 $0.00 $0.00
INSURANCE 0 0.00 0.00
DEPRECIATION 548 10.95 8.98
SUPERVISION AND MANAGEMENT 2,293 45.85 37.61
OTHER EXPENSES 1,360 27.20 22.31
________ ________ ________
SUBTOTAL $4,200 $84.00 $68.90
TOTAL OPERATING EXPENSES $21,589 $431.78 $354.16
________ ________ ________
NET OPERATING PROFIT $2,092 $41.83 $34.31
CAPITAL COST
INTEREST ON OPERATING CAPITAL $753 $15.07 12.36
INTEREST ON MACHINERY AND IMPROVEMENTS $844 $16.88 13.84
INTEREST ON LIVESTOCK $3,623 $72.45 59.43
TOTAL CAPITAL COST $5,220 $104.39 85.62
RETURN TO RISK ($3,128) ($62.56) -51.31
RATE OF RETURN ON INVESTMENT 4.2149%
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BUDGET SUMMARY
GROSS RETURN $2,092
VARIABLE OPERATING EXPENSES $17,389
RETURN OVER VARIABLE EXPENSES ($15,297)
FIXED EXPENSES $1,907
NET FARM INCOME ($17,205)
LABOR AND MANAGEMENT COST $2,293
NET OPERATING PROFIT ($19,497)
CAPITAL COST $5,220
RETURN TO LAND AND RISK ($24,717)
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