KEY Answer Key – Updated February 2013 Ag Decision Maker Activity Beef Cow-Calf File B1-21 Name_______________________ Use the estimated prices in File B1-21, Estimated Costs of Livestock Production and the Beef Cow-Calf Example and Blank spreadsheets to find the differences below. You have a small cow-calf operation. You’ve been feeding out calves, but are looking at cutting back and possibly selling the calves instead and doing something else with your time. You pull up the beef cow-calf spreadsheet to look at the differences. You are going to just use the estimated costs that are in the spreadsheet, but update the corn price to $7.00 and modified distillers grains to $95/ton. Calves Fed Corn Cost Total Feed Cost Labor Cost Total Variable Cost Total Fixed Cost Total Cost Calves Sold $392 $28 $1,018.38 $457.90 $140 $112 $1,318.93 $653.21 $195.30 $185.30 $1,514.23 $838.51 . . . and justice for all The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Many materials can be made available in alternative formats for ADA clients. To file a complaint of discrimination, write USDA, Office of Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-7205964. 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. Answer Key – Updated February 2013