Meat Goat Sheep Economic$ ces肉山羊amp羊经济$ CES.ncsu.pptVIP

G. A. BENSON, ARE-NCSU Meat Goat Sheep Economic$ GEOFF BENSON, PhD Professor Emeritus Dept. of Ag. Resource Economics N.C. State University G. A. BENSON, ARE-NCSU G. A. BENSON, ARE-NCSU * Review Why have goats or sheep? – Your goals What can they contribute financially to your lifestyle? Are goats or sheep a good fit for your operation? – Farm, financial and human resources Develop a specific farm plan Implement and monitor the plan This approach can be used for any livestock operation G. A. BENSON, ARE-NCSU G. A. BENSON, ARE-NCSU * Class Project Evaluating financial feasibility Goals and resources – existing and available – help determine the overall type and size of the farm and its enterprises The size and type of enterprise, specific production practices and productivity drive the economics Financial feasibility includes profit potential, availability of credit and cash flow issues An enterprise budget is a tool to assess profit potential G. A. BENSON, ARE-NCSU Lab ACtivity If profit is the primary goal Ask the question “If I get this enterprise up and running, will it make money? If the answer is yes, then give some thought to the process of getting the enterprise up and running, including financing and cash flow feasibility If the primary goal is fun (a hobby) then an enterprise budget will show if the financial consequences are acceptable The lab activity will result in part of an enterprise budget G. A. BENSON, ARE-NCSU * G. A. BENSON, ARE-NCSU Lab Activity Materials Meat Goat enterprise budget template -- download Data worksheets (Checklist) -- handout NCSU Forage budget – download “ANS 408 LAB PROJECT 2010” – handout with instructions on how to proceed and create the budget G. A. BENSON, ARE-NCSU Lab Activity Use the NCSU meat goat enterprise budget spreadsheet to “crunch the financial numbers” Go to /faculty/benson/benson.html Under the heading “Meat Goat Economics” PowerPoint Presentation ? Similar to class slides Checklist for developing a m