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FM1815 - Livestock Enterprise Budgets for Iowa 2008 Ag...

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Livestock Enterprise Budgets for Iowa — 2008 File B1-21 FM 1815 Revised March 2008 Ag Decision Maker This publication contains estimates of produc- tion costs for common livestock enterprises in Iowa. Estimates are intended to reflect average or above-average levels of management us- ing common types of technology. Input prices reflect expected average price levels during the year. Data were drawn from farm record summaries, feed consumption research and price projections, and are intended to be used for planning purpos- es only. For individual farms, expected costs and input requirements based on past results should be substituted whenever possible. Each budget contains estimates of the following types of costs: Fixed Costs. Costs that will occur regardless of the level of production each year. They gener- ally include such things as depreciation, inter- est, taxes, and insurance on facilities, breeding livestock, and livestock equipment and facilities. Depreciation is assumed to be 8% of the original value of facilities and equipment annually. Inter- est averages 1/2 the original value of facilities over its lifetime, or 5% annually. Taxes and in- surance add 1% for a total of 14% of the original investment annually for fixed costs. Variable Costs. Costs that vary according to the level of production. Interest is calculated on feed and other variable costs for one-half the production period.
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Livestock Enterprise Budgets for Iowa - 2008 www.extension.iastate.edu/agdm www.extension.iastate.edu/store . . . 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 202-720-5964. Issued in furtherance of Cooperative Extension work, Acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Jack M. Payne, director, Cooperative Extension Service, Iowa State University of Science and Technology, Ames, Iowa. File Code Economics 1-8 Prepared by Shane Ellis, extension specialist (515) 294-8030, [email protected] William Edwards, extension economist (515) 294-6161, [email protected] John Lawrence, extension economist (515) 294-6290, [email protected], and Ann Johanns, extension program specialist (641) 732-5574, [email protected] The budgets in this publication are based on the following price assumptions for inputs: Page 2 Price Units Corn $4.35 bushel Corn silage 39.00 ton Alfalfa hay 125.00 ton Alfalfa-brome hay 85.00 ton Haylage 33.80 ton Unimproved pasture 35.00 acre Improved pasture 50.00 acre Soybean meal (48%) 0.17 pound Dried distiller grain 0.06 pound Modified distiller grain 0.03 pound Lamb supplement/mineral 0.15 pound Sow & pig vitamin/mineral 0.45 pound Hog vitamin/mineral 0.30 pound Beef supplement/mineral 0.16
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