Enterprise budget tool available for feedlot producers

Melissa G.S. McKendree<mckend14@msu.edu>, Michigan State University Extension -

Enterprise budgets are an economic tool used to forecast profitability. The Excel tool presents budgets for both beef and Holstein cattle at different placement weights.

A feedlot of beef cows

An enterprise budget tool for feedlot producers is available on the MSU Extension website. Enterprise budgets are used to forecast economic profitability. This tool presents budgets for both beef and Holstein cattle at different placement weights. The tool is customizable so that an operation’s specific values, including rations, can be entered and subsequent profitability calculated. Accompanying slides are also available that detail the purpose of enterprise budgets, why opportunity costs are important to include, sections of the budget (revenue, operating and yardage costs), and how to conduct a sensitivity analysis.

If you need help with the tool, please contact Dr. Melissa McKendree (mckend14@msu.edu) or your beef or farm management educator.

 

 

This article was published by Michigan State University Extension. For more information, visit https://extension.msu.edu. To have a digest of information delivered straight to your email inbox, visit https://extension.msu.edu/newsletters. To contact an expert in your area, visit https://extension.msu.edu/experts, or call 888-MSUE4MI (888-678-3464).

Did you find this article useful?

More About Beef

More About Animal Agriculture

Tag List
  • beef,
  • beef economics and marketing,
  • beef management,
  • beef quality assurance,
  • budgeting,
  • dairy,
  • enterprise budgeting,
  • feedlot enterprise,
  • msu extension,
  • pork
Michigan State University
  • Spartans Will.
  • © Michigan State University

MSU is an affirmative-action, equal-opportunity employer, committed to achieving excellence through a diverse workforce and inclusive culture that encourages all people to reach their full potential.

Michigan State University Extension programs and materials are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status or veteran status. Issued in furtherance of MSU Extension work, acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Quentin Tyler, Director, MSU Extension, East Lansing, MI 48824. This information is for educational purposes only. Reference to commercial products or trade names does not imply endorsement by MSU Extension or bias against those not mentioned.

The 4-H Name and Emblem have special protections from Congress, protected by code 18 USC 707.

We comply with the Federal Trade Commission 1998 Children’s Online Privacy Protection Act (COPPA).