1 Economics of Farm Enterprises II. (Farm Management II.) MSc level Lecture 5 Factors affecting the profitability of the main farm enterprises I.Enterprise studies: grass, milk production, beef production

2 Introduction to enterprise studies Background points Standards of husbandry and management Weak links in the production chain Scale of production Quality

3 GRASS Good grassland management Grazing (fertiliser, grazing systems) Conservation (fertiliser, quality)

4 MILK PRODUCTION

5 Milk production/2 Yield Calving index

6 Milk production/3 Yield in relation to profits

7 Milk production/4 Price of milk Net replacement cost Feed costs Quality of bulk fodders Stocking density Utilisable metabolisable energy

8 Milk production/5 Other variable costs Herd size Fixed costs Management Dairy replacement

9 BEEF PRODUCTION

10 Beef production/2 Intensity of systems Semi-intensive systems (18-22 months) Store cattle Intensive cereal beef (Fig 79) Low intensity systems (suckler calf production) (Fig 80)

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