Table 16. Livestock Enterprise, cost and returns for a 200 acre farm with livestock
as the primary enterprise, with above average management, Socorro
County, 1998.
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GROSS RETURNS Sale GuidelineGuideline
Weight Total Value Value
NUMBER $/CWT (CWT) ($) ($/Cow) ($/AU)
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0 YEARLING HEIFERS $80.00 4.85 $0 $0.00 $0.00
0 YEARLING STEERS 90.00 5.25 0 0.00 $0.00
35 HEIFER CALVES 8.00 4.20 1,176 12.38 $10.66
44 STEER CALVES 100.00 4.70 20,680 217.68 $187.47
1 BULLS 40.00 14.75 590 6.21 $5.35
7 CULL COWS 34.00 8.85 2,106 22.17 $19.09
1,309 MANURE 0.13 8.00 1,309 13.78 $11.86
TOTAL $25,861 $272.22 $234.44
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GuidelineGuideline
Value Value
NUMBER PURCHASED INPUTS Unit $/Unit Total ($/Cow) ($/AU)
------ --------- ------ ------ ------ ------ --------------------
FORAGE:
40 ALFALFA AUM $10.00 $400 $4.21 $3.63
375 PERMANENT PASTURE AUM $12.00 $4,500 $47.37 $40.79
10 SUDAN AFTER OAT HAY AUM $10.00 $100 $1.05 $0.91
10 SUDAN HAY AUM $10.00 $100 $1.05 $0.91
50 WHEAT AUM $10.00 $500 $5.26 $4.53
10 BARLEY AUM $10.00 $100 $1.05 $0.91
20 CORN AUM $10.00 $200 $2.11 $1.81
SUBTOTAL $5,700 $60 $52
LABOR, FEED, LIVESTOCK: Unit $/Unit Total ($/Cow) ($/AU)
----- ---- ---------- ------ ------ ------ --------------------
2 PROTEIN SUPPLEMENT TON 245 465.5 $4.90 $4.22
1 SALT & MINERALS TON 200 152 1.60 1.38
323 HAY TON 120 38,819 408.62 351.91
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 795 8.37 7.21
0 BULLS PURCHASED HEAD 1300 0 0.00 0.00
LIVESTOCK TAXES ANNUAL 17 0.18 0.15
MAINTENANCE ANNUAL 0 0.00 0.00
104 PREGNANCY TEST HEAD 2 207 2.00 1.88
150 LABOR HOUR 5 751 7.90 6.80
87 BEEF CHECKOFF PROGRAM HEAD 1 87 0.91 0.79
MISCELLANEOUS ANNUAL 0 0.00 0.00
______ ________ _________
SUBTOTAL $41,293 $434.48 $374.33
OVERHEAD EXPENSES
-------- --------
EMPLOYEE BENEFITS 0 $0.00 $0.00
INSURANCE 0 $0.00 $0.00
DEPRECIATION 523 $5.50 $4.74
SUPERVISION AND MANAGEMENT 0 $0.00 $0.00
OTHER EXPENSES 2,894 $30.46 $26.24
_________ ________ _________
SUBTOTAL $3,417 $35.96 $30.97
TOTAL OPERATING EXPENSES $50,410 $530.63 $456.98
________ ________ ________
NET OPERATING PROFIT ($24,549)($258.41) ($222.54)
CAPITAL COST
INTEREST ON OPERATING CAPITAL $2,059 $22 $19
INTEREST ON MACHINERY AND IMPROVEMENTS $821 $9 $7
INTEREST ON LIVESTOCK $0 $0 $0
TOTAL CAPITAL COST $2,880 $30 $26
RETURN TO RISK ($27,429) ($289) ($249)
RATE OF RETURN ON INVESTMENT -30.1118%
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BUDGET SUMMARY
GROSS RETURN $25,861
VARIABLE OPERATING EXPENSES $46,993
RETURN OVER VARIABLE EXPENSES ($21,132)
FIXED EXPENSES $3,417
NET FARM INCOME ($24,549)
LABOR AND MANAGEMENT COST $0
NET OPERATING PROFIT ($24,549)
CAPITAL COST $2,880
RETURN TO LAND AND RISK ($27,429)
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