Ownership Costs of facilities and equipment: $10,000 per year spread over 500 head per year. Name of enterprise: Steer calys Budgeting unit head Gross Revenue Quantity Sales income Price Total 5.50 Less 1% (of sales income) for death loss 10. 88_ TILL Gross Revenue -0.01 *77.83 Operating costs Purchase of feeder animal H0.2% 0.2% Interest on cost of feeder animal $ 140x 230 days / 365 *7% 33.22 Feed Corn le 3.XO 22.KO Hay -0.625 3/20 72 Sueplement ICH Other operating costs $1910 Vet't health $10.00 Machinery $1.00 Marketing 't Mise $14.00 Labor 3 hes $15 Interest only that and the entirem $ 408.90 x 230 days/365 $18.04 Total Operating Costs $426.94 x 7% Ownership costs for facilities, equipment Total Costs ANALYSIS 1. What is the gross revenue per head? $774.83 2. What is the gross margin per head? Total Revenue - Operating Cost p774-83 - $426.94 - $347.89 3. What is your profit per head? Total Revenue - Total cost $774.83 4. What would the break-even selling price need to be for the feeder calf, to pay total costs? 0 0.65 191 48 2.45 0 191 The purpose of this exercise is to learn how to create an enterprise budget for a livestock feeding enterprise. You will purchase feeder cattle and finish them out each year. You will buy 550 pound steer calves and you can feed them either a corn and hay ration or a corn and silage ration. Here are the details. Ration: Corn & hay Corn & silage corn - bu. 61 silage - ton hay - ton supplement - Ib. expected days on feed selling weight - lbs. 1,150 1,150 Choose one ration and create a budget for it using the form on the 2nd page. The budgeting unit is one head (one animal). Use the following information for prices: Purchase price for feeder cattle (September): $ 140.88 Selling price for cattle (February, March, April or May) $ 114, 20 Corn: $3.80/bushel 230 230 Silage: Use a price equal to 8 times the price of corn per bushel, for one ton of silage. This is an opportunity cost of not harvesting and selling your corn as grain. $ Hay: Hay can be purchased for $120 per ton. Supplement: Protein supplement and minerals can be purchased for $.10 per pound. Other Operating Costs: Veterinary and health $10.00 per head Machinery and equipment operating $11.00 per head Marketing and miscellaneous $14.00 per head Labor 3 hours @ $15 per head Ownership Costs of facilities and equipment: $10,000 per year spread over 500 head per year. Name of enterprise: Steer calys Budgeting unit_head Price Total Gross Revenue Sales income Less 1% (of sales income) for death loss Gross Revenue Quantity 550 $14.40 $428.10 -0.01 $ 620.09 Operating costs Purchase of feeder animal 40.88 $40.88 Interest on cost of feeder animal $190.88x 230 days/365 x 7% $6.22 Feed Corn $3.80 $234. KO Hay 0.65 /20 78 Supplement la $19.10 Other operating costs Vet' health $10.00 Machinery $11.00 Markening + Misc $14.00 Labor 3 hrs $15 $45.00 Interest only on feed and other operating costs) $ 408.90 x 230 days/365 x 7% $18.04 Total Operating Costs $426.94 Ownership Costs of facilities and equipment: $10,000 per year spread over 500 head per year. Name of enterprise: Steer calys Budgeting unit head Gross Revenue Quantity Sales income Price Total 5.50 Less 1% (of sales income) for death loss 10. 88_ TILL Gross Revenue -0.01 *77.83 Operating costs Purchase of feeder animal H0.2% 0.2% Interest on cost of feeder animal $ 140x 230 days / 365 *7% 33.22 Feed Corn le 3.XO 22.KO Hay -0.625 3/20 72 Sueplement ICH Other operating costs $1910 Vet't health $10.00 Machinery $1.00 Marketing 't Mise $14.00 Labor 3 hes $15 Interest only that and the entirem $ 408.90 x 230 days/365 $18.04 Total Operating Costs $426.94 x 7% Ownership costs for facilities, equipment Total Costs ANALYSIS 1. What is the gross revenue per head? $774.83 2. What is the gross margin per head? Total Revenue - Operating Cost p774-83 - $426.94 - $347.89 3. What is your profit per head? Total Revenue - Total cost $774.83 4. What would the break-even selling price need to be for the feeder calf, to pay total costs? 0 0.65 191 48 2.45 0 191 The purpose of this exercise is to learn how to create an enterprise budget for a livestock feeding enterprise. You will purchase feeder cattle and finish them out each year. You will buy 550 pound steer calves and you can feed them either a corn and hay ration or a corn and silage ration. Here are the details. Ration: Corn & hay Corn & silage corn - bu. 61 silage - ton hay - ton supplement - Ib. expected days on feed selling weight - lbs. 1,150 1,150 Choose one ration and create a budget for it using the form on the 2nd page. The budgeting unit is one head (one animal). Use the following information for prices: Purchase price for feeder cattle (September): $ 140.88 Selling price for cattle (February, March, April or May) $ 114, 20 Corn: $3.80/bushel 230 230 Silage: Use a price equal to 8 times the price of corn per bushel, for one ton of silage. This is an opportunity cost of not harvesting and selling your corn as grain. $ Hay: Hay can be purchased for $120 per ton. Supplement: Protein supplement and minerals can be purchased for $.10 per pound. Other Operating Costs: Veterinary and health $10.00 per head Machinery and equipment operating $11.00 per head Marketing and miscellaneous $14.00 per head Labor 3 hours @ $15 per head Ownership Costs of facilities and equipment: $10,000 per year spread over 500 head per year. Name of enterprise: Steer calys Budgeting unit_head Price Total Gross Revenue Sales income Less 1% (of sales income) for death loss Gross Revenue Quantity 550 $14.40 $428.10 -0.01 $ 620.09 Operating costs Purchase of feeder animal 40.88 $40.88 Interest on cost of feeder animal $190.88x 230 days/365 x 7% $6.22 Feed Corn $3.80 $234. KO Hay 0.65 /20 78 Supplement la $19.10 Other operating costs Vet' health $10.00 Machinery $11.00 Markening + Misc $14.00 Labor 3 hrs $15 $45.00 Interest only on feed and other operating costs) $ 408.90 x 230 days/365 x 7% $18.04 Total Operating Costs $426.94