8
2002 COW - CALF BUDGET
Spring Calving, Sell at 225 Days of age
		ITEM			QUANTITY/UNIT		PRICE PER		AMOUNT		YOUR
							UNIT				BUDGET
RECEIPTS
	Feeder Calf 1				425	lb	$0.85	/lb	$361
	Cull Cows and Bulls 2								92
TOTAL RECEIPTS									453
VARIABLE COSTS
	Feed
		Pasture (Hay Equivalent)			2.6	ton	15	/ton	39
		Hay (grass)			3	ton	60	/ton	180
		Salt and Mineral 3							6
TOTAL FEED COSTS									225
	Health Program								20
	Marketing								15
	Supplies and Misc.								17
	Int. on Operating Cap 4			$149	12	mo	9%		13
TOTAL VARIABLE COSTS									290
FIXED COSTS
	Labor Charge				8	hours	8.00	/hr	64
	Cow Replacement 5								120
	Bull Replacement 6								13
	Int. on Breed Stock 7				$591		9%		53
	Fence and Facilities								37
	Management Charge				5%	of gross revenue			23
TOTAL FIXED COSTS									310
TOTAL COSTS									600
				Feeder Calf  price/cwt			$80	$85	$90
			RETURN ABOVE VARIABLE COSTS				142	163	184
			RETURN ABOVE TOTAL COSTS				(168)	(147)	(125)
1. Average weaning weight= 500 lbs. @ 85% calf crop weaned
2. Cull cows: Cull value X (20% cull rate- 3% death loss) = $500 X (0.20-0.03)= $85
	Cull bulls:Cull valueX(25% culling rate- 3% death loss)/number of cows/bull=800X (0.25-0.03)/25=$7
3. 20 lbs. Salt at $0.13/lb, 7 lbs. Di-Cal at $0.25/lb, 7 lbs. Magnesium oxide at $0.18/lb.
4. Includes 1/2 value of feed, health program, and supplies for 12 months at 9% interest
5. Cow replacement cost based on 20% annual replacement rate, cow cost of $600. $600 X .20= $120
6. Bull replacement cost based on 25% annual replacement rate, bull cost of $1250, and 25 cows per bull.
	($1250 X 0.25)/ 25 = 13
7. Average value of breeding animal is $550 per cow plus $41 per bull per cow.