Ag Decision Maker Activity
Livestock Enterprise Budgets
File B1-21
Name:__________________________
Complete the following activity using information from File B1-21.
Matching:
A)
B)
C)
D)
Fixed costs
Variable costs
Cash costs
Total costs
_____1.
Cash costs, plus the values of labor, return on investment,
depreciation and rental value of pasture, and market value of
farm raised grain and hay.
_____2.
Cost that vary according to the level of production.
_____3.
Cost that will occur regardless of the level of production each year.
_____4.
Costs that involve a direct cash outlay such as costs on breeding
livestock and facilities represent property taxes and insurance only.
Swine:
1.
Susan was planning to purchase 25 feeder pigs. She wants to project
what resources she will need. Using the table, project the hours and bushels
of corn.
Hours:
Corn (bushels):
Ag Decision Maker Activity Continued…
Livestock Enterprise Budgets
File B1-21
Sheep:
2.
Annie wants to start an ewe/lamb SAE project. She wants to determine the
resources needed to begin this enterprise. She would like to have 10 ewes
(early lambing). Determine the resources needed from the table:
Hay does not include pasture.
Hours:
Corn (bushels):
Hay (tons):
Beef:
3.
Aaron would like to expand his cow/calf herd to ten from five. However, he
wants to figure up the additional resources needed to expand. He sells his
calves and feeders. Determine resources needed:
Hay does not include pasture.
Hours:
Corn (bushels):
Hay (tons):
. . . and justice for all
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Issued in furtherance of Cooperative Extension work, Acts of May 8 and July 30, 1914, in cooperation with the U.S. Department of
Agriculture. Cathann A. Kress, director, Cooperative Extension Service, Iowa State University of Science and Technology, Ames, Iowa.