Name: Destinee Pierce
Livestock Enterprise Budgets: Chap 10 Lab 6b
Due: 11/14/2023
Breeding Livestock Enterprise Budget (Maximum Score = 10 points).
Go to the
Center for Farm Financial Management
web site at:
http://www.agrisk.umn.edu
and click on
Find a
Budget
under CFFM Websites.
Example:
https://agrisk.umn.edu/Budgets?c=99&pt=Grassfed
(For grass-fed, pick Dairy)
Choose
Livestock,
then choose
All
for the state or region.
Choose one of the following types of livestock:
Beef cow-calf
Dairy
Swine farrowing
Sheep flock
Any other livestock breeding enterprise
Then click on
Submit.
You may want to look at several budgets before you choose one.
Print the
budget you decide to use and attach it to this lab.
Questions:
1. What is the title of the enterprise?
Stockers Steers – Small Grains Pasture
___
2. What state is it from?
Oklahoma
3. What is the budgeting unit?
$.50/pound gain pasture cost
4. How much is the gross revenue per unit?
$_1,246.24
5. How much are the variable or operating (direct) costs per unit?
$1184.15
(Note—you may have to decide which costs are variable and fixed)
6. How much are the fixed or ownership (indirect) costs per unit?
$1205.81
7. How much is the estimated gross margin (return over variable costs) per unit?
$62.09
8. How much is the estimated profit and return to management per unit?
$40.43
9. What is the breakeven selling price per pound, hundredweight, or head?
$183.84 per head
