A HERD BASED APPROACH TO COMPARATIVE DCF ANALYSIS OF GLM OPTIONS FOR BEEF CATTLE ENTERPRISES USING BREEDCOW & DYNAMA SOFTWARE. W.E.Holmes Principal Agricultural Economist DPI&F, PO Box 1085, Townsville, Qld 4810. INTRODUCTION.
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Principal Agricultural Economist
DPI&F, PO Box 1085, Townsville, Qld 4810
Breedcow and Dynama herd budgeting software is usedto predict and improve the profitability of extensive beef cattle enterprises – or to measure the $ sacrifice of implementing change to achieve environmental outcomes.
Breedcow & Dynama begin with herd structure and turnoff, then builds on the financial outcomes
Breedcow & Dynama applications include:
Using Breedcow or Bcowplus program, develop a stable state representation of the herd before implementing the change
Again, with Breedcow or Bcowplus develop a stable state representation of the herd in 10 year’s time both without and with the change.
In Dynama, by transferring Breedcow or Bcowplus file components, develop “do nothing” and “change” scenarios for years 1 – 10, and (optionally) for years 11 – 20.
By transferring Dynama file components to the Investan program, compare year-by-year cash flow and terminal asset values for either a 10 year or 20 year period.
Note the outputs of NPV, IRR, annualised return, peak deficit & payback period.
For socially desirable but unprofitable change, determine the value of incentives needed to make the change acceptable.
Using Breedcow and Dynama
Scenario Budget (Dynama “change” file)
(after 10 yrs)
(Define with Breedcow, transfer to Dynama)
(after 10 yrs)
Scenario Budget (Dynama “do nothing” file)