Livestock Record and Management Tools
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Transcript of Livestock Record and Management Tools
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Livestock Record and Management Tools
by Russell Tronstad & Trent Teegerstrom
The University of ArizonaThe University of ArizonaDept. of Agricultural and Dept. of Agricultural and
Resource EconomicsResource Economics
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Three Legs Supporting Cow-Calf Three Legs Supporting Cow-Calf IndustryIndustry
Animal
Range
Economics
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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
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Biological ProductivityBiological Productivity
Market PricesMarket Prices
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Capital AvailableCapital Available
Initial HerdInitial HerdBiological ProductivityBiological Productivity
Market PricesMarket Prices
Restocking PathRestocking Path
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Grazing CapacityGrazing Capacity
Cumulative ReturnsCumulative Returns
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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
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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
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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
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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
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Overall ObjectivesOverall Objectives
-- critical control -- critical control point analysispoint analysis
-- identify economic -- identify economic problem areas!! problem areas!!
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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.
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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
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livestockrecords.arizona.edu
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Financial Ledger
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Purchase Supplies
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Modify Categories
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Livestock Events
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Association Report
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Define Pastures
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Assign to Pastures
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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