Download
1 / 16

Goat Budgets - PowerPoint PPT Presentation


  • 369 Views
  • Updated On :

Goat Budgets. A decision tool you can use. Roger Sahs Extension Specialist, Ag Economics Oklahoma State University. Meat Goat Investment Costs. Farm and Ranch Realities. Annual per acre payments: 30 year loan*. * Land loan is based on 90% of land price.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Goat Budgets ' - Patman


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Goat budgets l.jpg

Goat Budgets

A decision tool you can use.

Roger Sahs

Extension Specialist, Ag Economics

Oklahoma State University



Farm and ranch realities l.jpg
Farm and Ranch Realities

Annual per acre payments: 30 year loan*

*Land loan is based on 90% of land price.


Uses of production and financial information l.jpg
Uses of production and financial information

  • Historical analysis

  • Monitor current performance

  • Forward planning


Enterprise budget l.jpg
Enterprise Budget

  • An Enterprise Budget estimates the full economic costs and returns expected to accrue to a production activity – raising goats, producing grain or forage – for one year.


Enterprise budget7 l.jpg
Enterprise Budget

  • Allows for consistent evaluation of alternative enterprises

  • What’s included --

    • Production

      • Goal, technique, resources required, returns

    • Costs

      • Variable and fixed


Why budget l.jpg
Why Budget?

  • 1st step in developing marketing/business plan

  • Evaluate options before you commit resources

  • Estimate potential income

  • Estimate the size of operation needed to earn a specified return

  • Compare the profitability of two or more systems of production

  • Identify production and financial risks and whether they may be managed



Food for thought l.jpg
Food for thought…..

  • You don’t know if you are making a profit unless you know your costs of production.

  • If you can’t pencil in a profit, you aren’t likely to plow (or raise) one!


Osu enterprise budget software l.jpg
OSU Enterprise Budget Software

  • Excel spreadsheet-based software -

    24 Crop/livestock commodities

    • $20 each, 5 for $75, $250 entire set

    • Free data updates available

  • Available via CD or onlinehttp://www.agecon.okstate.edu/budgets


  • Other sources of budget information l.jpg
    Other Sources of Budget Information

    • Books on goat production and industry

    • Goat producer organizations

    • Other goat operations

    • University specialists, educational materials, and meetings

    • Websites – Langston Univ.

    • Web-based training and certification

      • http://www2.luresext.edu/goats/training/qa.html


    Ten commandments for farmers ranchers l.jpg
    Ten Commandments for Farmers/Ranchers

    • Focus on financial management as much as production performance.

    • Count your goats (and other assets) at least annually.

    • Keep your lender happy.

    • Code your checks and sort your expenses for enterprise accounting.

    • Develop a record-keeping and information system that works for you.


    Ten commandments for farmers ranchers14 l.jpg
    Ten Commandments for Farmers/Ranchers

    • Don’t just minimize taxes, maximize after tax income.

    • Don’t expect too much from your does.

    • Never stop learning.

    • Go slowly when attempting new things.

    • Match the livestock and crop enterprises to the land resource.


    The bottom line l.jpg
    The Bottom Line -

    • Make sure your operation is as cost-effective as possible.

    • Identify production practices that will lower costs.

    • Find leverage points that will generate the most bang for the buck.

    • Benchmark the competition.



    ad