19
				2002 FEEDER LAMB PRODUCTION BUDGET
				65 lbs. - 125 lbs.
		ITEM			QUANTITY/UNIT		PRICE PER		AMOUNT		YOUR
							UNIT				BUDGET
RECEIPTS
	Lambs 1				117.5	lb	$0.70	/lb	$82
	Wool				2.6	lb	0.10	/lb	0.26
TOTAL RECEIPTS									83
VARIABLE COSTS
	Feed 2 - Feed quantities can be changed by either altering feed efficiency and/or ration or by individual feed amounts
	Feed Ration=		77%	Corn	16%	Hay	5%	Soy	2%	Mineral
	Feed Efficiency (lb. feed/lb.gain)=				4.5
		Corn2			3.2	bu	2.30	/bu	7
		Alfalfa Hay			0.019	ton	125	/ton	2
		Soybean Meal			12	lb	0.10	/lb	1
		Minerals			5	lb	0.20	/lb	1
TOTAL FEED COSTS									12
	Feeder Lamb				65	lb	0.65	/lb	42
	Health Program								2
	Marketing								3
	Shearing						2.00	/head	2
	Util., Supp, and Misc.								3
	Interest of Feeder Lamb				42	2 mo.	9	%	1
	Int. on Operating Expense 3				13	2 mo.	9	%	0
TOTAL VARIABLE COSTS									65
FIXED COSTS
	Labor Charge				1	hour	8.00	/hr	8
	Equipment Charge 4				$20		17.6	%	4
	Buildings Charge 5				$15		14.7	%	2
	Management Charge				5% of gross				4
TOTAL FIXED COSTS									18
TOTAL COSTS									83
					Lambs @		$60	$70	$80
			RETURN ABOVE VARIABLE COSTS				$5	$17	$29
			RETURN ABOVE TOTAL COSTS				($12)	($1)	$11
1. Calculated 3% death loss with lambs averaging 125 lbs.
2. Feed consumption based on 4.5 lbs. feed/ lb. gain feeding a ration of:
	77% corn, 16% alfalfa hay, 5% soybean meal, 2% mineral.
3. Includes ½ value of feed + other variable expenses, excluding lambs or marketing for 2 mo. @ 9% int.
4. $20 investment X 20% = $4
5. 6 ft2 per lamb @ $5/ft2 = $30 (used twice a year)= $15 X 17% = $3