Livestock Record and Management Tools by Russell Tronstad & Trent Teegerstrom The University of Arizona Dept. of Agricultural and Resource Economics

Three Legs Supporting Cow-Calf Industry Animal Range Economics

Economic Example: Restocking Biological Productivity Biological Productivity Market PricesMarket Prices Initial Cattle NumbersInitial Cattle Numbers Carrying Capacity of Range Carrying Capacity of Range Financial Situation of Ranch Financial Situation of Ranch

Biological Productivity Market Prices

Capital Available Initial Herd Biological Productivity Market Prices Restocking Path

Grazing Capacity Cumulative Returns

Monthly Cash Flow Summary

 Herd Planning -- Multi-Year Restocking Path (5 yrs) year returns in current dollars -- Available AUYs  Multiyear Budgets -- Cash production and management costs  Ranch Investments -- Amortization of assets. Herd Evaluator Worksheet

 Cash Flow Analysis  Net Cash Position Chart  Balance Sheet -- Change in owners equity.  Herd Production  Costs and Returns -- Net Farm Income -- Break-Even Values Short Ranch Finance Sheet

 Ranch Planning/Decision Analysis -- evaluation of supplementation. -- early weaning versus drylot  Diagnostic Tree Analysis -- total ranch and per exposed cow  Herd Productivity by Age Cohort -- category available to lump cows together if ages are unknown. Ranch Analysis Worksheet

Overall Objectives -- critical control point analysis -- identify economic problem areas!!

Livestock Records: Goods records are signals for where protocols/practices need to be altered or kept the same.

Livestock Records Workbook: Hard copy pencil records Excel spreadsheet: electronically record on own computer Online Records: user password protected account. + Financial Records + Pasture Records / Animal Movements + Animal Events

livestockrecords.arizona.edu

Financial Ledger

Purchase Supplies

Modify Categories

Livestock Events

Association Report

Define Pastures

Assign to Pastures

Livestock Records Need Accurate Records from finances, range, and animal to make good management decisions. Livestock Feed Assistance Programs. AGR-Lite: Gross Revenue Based Insurance + premiums subsidized about 50% + 5 years of Schedule F tax returns + revenues and not higher expenses