Calculation should include
- determining the income and operational and fixed costs of a livestock enterprise
- preparing a livestock enterprise budget
- analyzing a livestock enterprise budget for strengths and weaknesses
- comparing the budget to local, state, and national averages or standards.
Process/Skill Questions:
- What components make up the total cost of a livestock operation?
- What is the average cost of a dairy cattle operation in your area? A poultry operation? A beef cattle operation?