Post on 09-Feb-2016
description
Livestock Record and Management Tools
by Russell Tronstad & Trent Teegerstrom
tronstad@ag.arizona.edu520-621-2425
The University of ArizonaThe University of ArizonaDept. of Agricultural and Dept. of Agricultural and
Resource EconomicsResource Economics
Three Legs Supporting Cow-Calf Three Legs Supporting Cow-Calf IndustryIndustry
Animal
Range
Economics
Economic Example: RestockingEconomic Example: Restocking
• • Biological ProductivityBiological Productivity•• Market PricesMarket Prices•• Initial Cattle NumbersInitial Cattle Numbers• • Carrying Capacity of RangeCarrying Capacity of Range• • Financial Situation of RanchFinancial Situation of Ranch
Biological ProductivityBiological Productivity
Market PricesMarket Prices
Capital AvailableCapital Available
Initial HerdInitial HerdBiological ProductivityBiological Productivity
Market PricesMarket Prices
Restocking PathRestocking Path
Grazing CapacityGrazing Capacity
Cumulative ReturnsCumulative Returns
Monthly Cash Flow Summary Total Cash Income & Expenses
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
Jan. Feb.March
April May June July Aug. Sept. Oct. Nov. Dec.
Months
($)
Cash Inflow Cash Outflow
Herd Planning-- Multi-Year Restocking Path (5 yrs)-- 20-year returns in current dollars-- Available AUYs
Multiyear Budgets-- Cash production and management costs
Ranch Investments-- Amortization of assets.
Herd Evaluator Worksheet Herd Evaluator Worksheet
Cash Flow Analysis Net Cash Position Chart Balance Sheet
-- Change in owners equity.
Herd Production Costs and Returns
-- Net Farm Income-- Break-Even Values
Short Ranch Finance Sheet Short Ranch Finance Sheet
Ranch Planning/Decision Analysis -- evaluation of supplementation.-- early weaning versus drylot
Diagnostic Tree Analysis-- total ranch and per exposed cow
Herd Productivity by Age Cohort-- category available to lump cows together if ages are unknown.
Ranch Analysis Worksheet Ranch Analysis Worksheet
Overall ObjectivesOverall Objectives
-- critical control -- critical control point analysispoint analysis
-- identify economic -- identify economic problem areas!! problem areas!!
Livestock Livestock Records:Records:
Goods records are Goods records are signals for where signals for where protocols/practices protocols/practices need to be altered need to be altered or kept the same. or kept the same.
Livestock RecordsWorkbook: Hard copy pencil recordsExcel spreadsheet: electronically record on
own computerOnline Records: user password protected
account. + Financial Records+ Pasture Records / Animal
Movements+ Animal Events
livestockrecords.arizona.edu
Financial Ledger
Purchase Supplies
Modify Categories
Livestock Events
Association Report
Define Pastures
Assign to Pastures
Livestock RecordsNeed Accurate Records from finances, range, and animal to make good management decisions.Livestock Feed Assistance Programs.AGR-Lite: Gross Revenue Based Insurance
+ premiums subsidized about 50%+ 5 years of Schedule F tax returns+ revenues and not higher expenses