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You are a Dairy farmer in Ford Beauford emploving 12 workers and have completed the herd composition for the next budget year. You must complete

You are a Dairy farmer in Ford Beauford emploving 12 workers and have completed the herd composition for the next budget year. You must complete the income and cost budget for the Dairy enterprise for the budget period from 1//11//2017 to 31//10//2018, It is assumed that 100 cows will be milked during the vear Biving an average daily yield of 15 litres per cow. The milk will be sold fresh to a dairy for 86.50 per litre. In addition, the lactating cows graze on improved pastures throughout the year at an average rate of 2 cows per ha. The average variable costs for the pastures amount to R3150,00 per ha. i. Complete the livestock income and cost budget; ii. Determine the direct gross margin per LSU iii. determine improved pasture variable costs per LSU iv. determine livestock gross margin per LSU and per 100 variable costs

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