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3- Dairy, 1 year with replacement heifer

Operating and Capital Budget Calculation View

Operating Budget NPV Calculator

Introduction
This tool calculates net present value totals for operating and capital budget uris. The discounted totals include operating, allocated overhead, capital, and incentive-adjusted totals. Annual totals reflect the cost for operations or components that have an effective life different than 1 period.

Calculation View Description
This example shows highlights calculations for replacement cows, and other inputs with multiyear lives. Note the difference is costs and profits between the totals and annuals columns (V210a).

Version: 1.7.0

Feedback About crops/budget/3- Dairy, 1 year with replacement heifer/273071633/budget

Step 1 of 3. Make Selections


Step 2 of 3. Calculate

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Use In Childs?
Overwrite Childs?

Step 3 of 3. Save

Method 1. Do you wish to save step 2's calculations? These calculations are viewed by opening this particular calculator addin.



Instructions (beta)

Step 1

  • Step 1. Real and Nominal Rates: The nominal rate includes inflation while the real rate does not. In the USA, DevTreks recommends using Office of Management and Budget rates for the same year as the date of the input.

Step 2

  • Step 2. Use Same Calculator Pack In Descendants?: True to insert or update this same calculator in children.
  • Step 3. Overwrite Descendants?: True to insert or update all of the attributes of this same calculator in all children. False only updates children attributes that are controlled by the developer of this calculator (i.e. version, stylehsheet name, relatedcalculatorstype ...)
  • Step 2. What If Tag Name: Instructional videos explaining the use of what-if scenario calculations should be viewed before changing or using this parameter.
  • Step 2. Related Calculators Type: When the Use Same Calculator Pack in Descendant is true, uses this value to determine which descendant calculator to update. Inserts a new descendant when no descendant has this same name. Updates the descendant that has this same name.
  • Step 2. Alternative Type: This property is used to analyze differences between Alternatives.
  • Step 2. Target Type: This property is used to analyze progress being achieved with budget goals.
  • Step 2. Calculated Results: Please refer to the references below.

References

  • Hallam, Eidman, Morehart and Klonsky (editors) Commodity Cost and Returns Estimation Handbook, Staff General Research Papers, Iowa State University, Department of Economics, 1999

Current view of document
3- Dairy, 1 year with replacement heifer
Budget Group : Operating Budgets, Common Agricultural Examples
Document Status : underrevision
Description : Common examples of agricultural budgets.
Label : 8.3 Budget Type : 42
Date : 12/31/2009 12:00:00 AM Last Changed : 8/18/2009 12:00:00 AM
Budget :3- Dairy, 1 year with replacement heifer
Label 1 Label 2 Last Modif. Init. Value Salv. Value Interest Rates Nom. Rate Real Rate
8.3.1 none 2/4/2004 12:00:00 AM 0.0000 0.0000 0.0900 0.0500
Description
This operating budget demonstrates best practices for conducting commodity cost and return estimates for typical dairy enterprises,
Time Period : Dairy
Ending Date Common Ref.? Discount? Enterprise Amt. Enter. Unit Growth Type Growth Periods
12/31/2003 True True 1 head 1 0
Time Period Year 1 Last Changed 8/12/1900 12:00:00 AM
Description
needs description
Label none Incentive Amount 0.0000 Incentive Rate 0 Overhead Factor 1
Revenues
Outcome : Dairy
Ending Date Label Amount Unit Life SalvageValue Incent Amount Incent Rate
12/31/2003 none 1 head 1 0.0000 0.0000 0
Description
Sample data sets are used in DevTreks tutorials.
Times Compos Amount Compos Unit Output Amount Output Unit Output Price Total Revenue Annual Total
Date Received Incentive Incent. Amount Incent. Rate INCENT Total Annual Total
Output : Milk, fluid Label : none
1 1 head 216 hundred weight 15.0900 3,259.44
Description
needs description
Interest 159.03
6/15/2003 12:00:00 AM Incentive Amount 0.0000 Incentive Rate 0
Total Output Revenue 3,418.47
Output : Cows Label : none
1 1 head 4.68 hundred weight 40.9000 191.41
Description
needs description
Interest 9.34
6/15/2003 12:00:00 AM Incentive Amount 0.0000 Incentive Rate 0
Total Output Revenue 200.75
Output : Steers and heifers Label : none
1 2 head 0.42 hundred weight 66.7400 56.06
Description
Includes one heifer and one bull.
Interest 2.74
6/15/2003 12:00:00 AM Incentive Amount 0.0000 Incentive Rate 0
Total Output Revenue 58.80
Revenue Interest - Outcome 171.10 171.10
Total Revenue - Outcome 3,678.02 3,678.02
Total Incentive-Adjusted Revenues - Outcome 3,678.02 3,678.02
Totals Annual Totals
Total Revenue -Time Period 3,678.02 3,678.02
Total Incentive Ben -Time Period 3,678.02 3,678.02
Costs
Operation : Feed
Ending Date Label Amount Unit Life SalvageValue Incent Amount Incent Rate
06/15/2003 n/a 1 head 1 0.0000 0.0000 0
Description
needs description
Date Applied Times OH Used? Amount Unit Price Total Annual Total
Incentive Incent. Amount Incent. Rate INCENT Total Annual Total
Input : Dairy Feed, 16% Protein Label : needs label
06/15/2003 1 False 0.8 ton 200.0000 160.00
Allocated OH 0 ton 200.0000 0.00
Capital 0 none or n/a 0.0000 0.00
Incentive 0.0000 0 167.81
Description
needs description
Input : Feed, Protein, Vitamins and Minerals Label : needs label
06/15/2003 1 False 12.72 hundred weight 15.2300 193.73
Allocated OH 0 hundred weight 15.2300 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 203.18
Description
needs description
Input : Alfalfa, hay Label : needs label
06/15/2003 1 False 2.19 ton 94.0000 205.86
Allocated OH 0 ton 94.0000 0.00
Capital 0 none or n/a 0.0000 0.00
Incentive 0.0000 0 215.90
Description
needs description
Input : Corn, grain Label : needs label
06/15/2003 1 False 135 bushel 1.9700 265.95
Allocated OH 0 bushel 1.9700 0.00
Capital 0 none or n/a 0.0000 0.00
Incentive 0.0000 0 278.93
Description
needs description
Operating Cost Interest 40.28 40.28
Total Operating Costs - Operation 865.81 865.81
Allocated Overhead Cost Interest 0.00 0.00
Total Allocated Overhead Costs - Operation 0.00 0.00
Capital Cost Interest 0.00 0.00
Total Capital Costs - Operation 0.00 0.00
Total Incentive-Adjusted Costs - Operation 865.81 865.81
Operation : Marketing
Ending Date Label Amount Unit Life SalvageValue Incent Amount Incent Rate
06/15/2003 n/a 1 head 1 0.0000 0.0000 0
Description
needs description
Date Applied Times OH Used? Amount Unit Price Total Annual Total
Incentive Incent. Amount Incent. Rate INCENT Total Annual Total
Input : Marketing (milk) Label : needs label
06/15/2003 1 False 216 hundred weight 0.4900 105.84
Allocated OH 0 hundred weight 0.4900 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 111.00
Description
needs description
Operating Cost Interest 5.16 5.16
Total Operating Costs - Operation 111.00 111.00
Allocated Overhead Cost Interest 0.00 0.00
Total Allocated Overhead Costs - Operation 0.00 0.00
Capital Cost Interest 0.00 0.00
Total Capital Costs - Operation 0.00 0.00
Total Incentive-Adjusted Costs - Operation 111.00 111.00
Operation : Miscellaneous
Ending Date Label Amount Unit Life SalvageValue Incent Amount Incent Rate
06/15/2003 n/a 1 head 1 0.0000 0.0000 0
Description
needs description
Date Applied Times OH Used? Amount Unit Price Total Annual Total
Incentive Incent. Amount Incent. Rate INCENT Total Annual Total
Input : Breeding Label : needs label
06/15/2003 1 False 1 head 47.6500 47.65
Allocated OH 0 head 47.6500 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 49.97
Description
needs description
Input : Veterinary and Medicine Label : needs label
06/15/2003 1 False 1 head 65.0000 65.00
Allocated OH 0 head 65.0000 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 68.17
Description
needs description
Input : Repairs Label : needs label
06/15/2003 1 False 1 head 307.0000 307.00
Allocated OH 0 head 307.0000 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 321.98
Description
needs description
Input : Supplies Label : needs label
06/15/2003 1 False 1 head 158.0000 158.00
Allocated OH 0 head 158.0000 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 165.71
Description
needs description
Input : Fuel, Oil and Utilities Label : needs label
06/15/2003 1 False 1 head 27.0000 27.00
Allocated OH 0 head 27.0000 0.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 28.32
Description
needs description
Operating Cost Interest 29.50 29.50
Total Operating Costs - Operation 634.15 634.15
Allocated Overhead Cost Interest 0.00 0.00
Total Allocated Overhead Costs - Operation 0.00 0.00
Capital Cost Interest 0.00 0.00
Total Capital Costs - Operation 0.00 0.00
Total Incentive-Adjusted Costs - Operation 634.15 634.15
Operation : Overhead
Ending Date Label Amount Unit Life SalvageValue Incent Amount Incent Rate
06/15/2003 n/a 1 head 1 0.0000 0.0000 0
Description
needs description
Date Applied Times OH Used? Amount Unit Price Total Annual Total
Incentive Incent. Amount Incent. Rate INCENT Total Annual Total
Input : Taxes and Insurance Label : needs label
06/15/2003 1 False 0 head 11.0000 0.00
Allocated OH 1 head 11.0000 11.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 11.54
Description
needs description
Input : Machinery and Equipment, capital recovery Label : needs label
06/15/2003 1 False 0 head 86.0000 0.00
Allocated OH 1 head 86.0000 86.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 90.20
Description
needs description
Input : Labor, general farm Label : needs label
06/15/2003 1 False 0 head 48.0000 0.00
Allocated OH 1 head 48.0000 48.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 50.34
Description
needs description
Input : Overhead, general farm Label : needs label
06/15/2003 1 False 0 head 1.0000 0.00
Allocated OH 1 head 1.0000 1.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 1.05
Description
needs description
Input : Buildings, capital recovery Label : needs label
06/15/2003 1 False 0 head 74.0000 0.00
Allocated OH 1 head 74.0000 74.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 77.61
Description
needs description
Input : Labor, opportunity cost for manager Label : needs label
06/15/2003 1 False 0 head 250.0000 0.00
Allocated OH 1 head 250.0000 250.00
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 262.20
Description
needs description
Operating Cost Interest 0.00 0.00
Total Operating Costs - Operation 0.00 0.00
Allocated Overhead Cost Interest 22.93 22.93
Total Allocated Overhead Costs - Operation 492.93 492.93
Capital Cost Interest 0.00 0.00
Total Capital Costs - Operation 0.00 0.00
Total Incentive-Adjusted Costs - Operation 492.93 492.93
Operation : Replacements
Ending Date Label Amount Unit Life SalvageValue Incent Amount Incent Rate
12/31/2003 n/a 1 head 2.5 542.8800 0.0000 0
Description
Cost recovery approach for allocating costs of livestock replacements.
Date Applied Times OH Used? Amount Unit Price Total Annual Total
Incentive Incent. Amount Incent. Rate INCENT Total Annual Total
Input : Calves Label : needs label
12/31/2003 1 False 0 hundred weight 104.0000 0.00
Allocated OH 10.1 hundred weight 104.0000 1,050.40
Capital 0 each 0.0000 0.00
Incentive 0.0000 0 1,050.40
Description
needs description
Operating Cost Interest 0.00 0.00
Total Operating Costs - Operation 0.00 0.00
Allocated Overhead Cost Interest 0.00 0.00
Total Allocated Overhead Costs - Operation 1,050.40 248.13
Capital Cost Interest 0.00 0.00
Total Capital Costs - Operation 0.00 0.00
Total Incentive-Adjusted Costs - Operation 1,050.40 248.13
Operating Costs (OC)
Total Operating Costs -Time Period 1,610.97 1,610.97
Net Operating Profits -Time Period 2,067.05 2,067.05
Allocated Overhead Costs (AOH)
Total Allocated Overhead Costs -Time Period 1,543.33 741.06
Net Operating and Overhead Profits -Time Period 523.72 1,325.99
Capital Costs (CAP)
Total Capital Costs -Time Period 0.00 0.00
Net Profits -Time Period 523.72 1,325.98
Incentive Costs (INCENT)
Total Incentive Costs -Time Period 3,154.30 2,352.03
Net Incentive Profits -Time Period 523.72 1,325.98
Budget Totals and Nets Totals Annual Totals
Total Revenue -Budget 3,678.02 3,678.02
Total Operating Costs -Budget 1,610.97 1,610.97
Net Operating Profits -Budget 2,067.05 2,067.05
Total Allocated Overhead Costs -Budget 1,543.33 741.06
Net Operating and Overhead Profits -Budget 523.72 1,325.99
Total Capital Expenditure Costs -Budget 0.00 0.00
Net Profits -Budget 523.72 1,325.98
Equivalent Annual Annuity -Budget 523.72
Total Incentive Ben -Budget 3,678.02 3,678.02
Total Incentive Costs -Budget 3,154.30 2,352.03
Net Incentive Profits -Budget 523.72 1,325.98
Dataset: 3- Dairy, 1 year with replacement heifer IRI This operating budget demonstrates best practices for conducting commodity cost and return estimates for typical dairy enterprises,

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