OPERATING INPUTS Unit Price Quantity Total $/Head. Grain Head $ - 1 $ - $ - Other Feed Additives Head $ - 1 $ - $ -

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1 Cow-Calf Enterprise Budget Cow Unit Size February calving percentage %, calf death loss - 4.2% Name Farm Description OSU OKLAHOMA COOPERATIVE EXTENSION SERVICE PRODUCTION Wt. Unit Price/Cwt Quantity Total $/Head Steer Calves Lbs. $ Hd. $ 19,231 $ Heifer Calves Lbs. $ Hd. $ 6,751 $ Cull Cows 1,150.0 Lbs. $ Hd. $ 5,088 $ Cull Replacement Heifers Lbs. $ Hd. $ 7,232 $ Cull Bulls 1,750.0 Lbs. $ Hd. $ 851 $ 8.51 Other Income Head 1.00 Total Receipts $ 39,154 $ OPERATING INPUTS Unit Price Quantity Total $/Head Pasture Head $ $ 12,420 $ Hay Head $ $ 2,167 $ Grain Head 1 Protein Supplement Head $ $ 3,752 $ Salt Head $ $ 215 $ 2.15 Minerals Head $ $ 1,104 $ Other Feed Additives Head 1 Vet Services/Medicine Head $ $ 788 $ 7.88 Vet Supplies Head $ $ 116 $ 1.16 Marketing Head $ $ 614 $ 6.14 Mach/Equip Fuel, Lube, Repairs Head $ $ 1,693 $ Machinery/Equipment Labor Hrs. $ $ 1,988 $ Other Labor Hrs. $ $ 2,250 $ Other Expenses Head 1 Annual Operating Capital Dollars 6.75% $ 1,138 $ Total Operating Costs $ 28,245 $ Returns Above Total Operating Costs $ 10,909 $ FIXED COSTS Unit Rate Total $/Head Machinery/Equipment Interest at Dollars 6.50% $ 365 $ 3.65 Taxes at Dollars 1.00% $ 101 $ 1.01 Insurance Dollars 0.60% $ 34 $ 0.34 Depreciation Dollars $ 921 $ 9.21 Livestock Interest at Dollars 6.50% $ 4,467 $ Taxes at Dollars 1.00% $ 876 $ 8.76 Insurance Dollars 0.60% $ 412 $ 4.12 Depreciation Dollars $ 2,550 $ Land $/Acre Interest at Dollars 0.00% Taxes at Dollars 0.00% Total Fixed Costs $ 9,726 $ Total Costs (Operating +Fixed) $ 37,971 $ Returns Above all Specified Costs $ 1,183 $ Payne County - Central Oklahoma 25% heifer replacement rate with 1 purchased and 24 raised Primary forages - Native, Native-leased, Used machinery complement File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :48 AM

2 Specify the production and sales parameters that relate to the cow herd in this budget. Default values have been specified, but can be modified to match your operation. Double-click in the "Your Value" column if sale or purchase allocations require more than one month. Cow Herd Information Default Your Value Value Herd: Number of breeding females Calving percentage 86.3% Calf death loss 4.2% Number of heifer calves kept for replacement 25 Primary calving month (1 for January, etc.) 2 2 Weaned Calves: Steers: Calves to be sold 41 Average weaning weight (lbs.) Sale price or market value at weaning ($/cwt) $ $ Primary weaning month - (1 for January, etc.) 9 Heifers: Calves to be sold 16 Average weaning weight (lbs.) Sale price or market value at weaning ($/cwt) $ $ Primary weaning month - (1 for January, etc.) 9 Cows: Number of cows culled for sale + death loss 13 Average sale weight (lbs.) Average sale price per cwt $ $ Month(s) of planned sales (1 for January, etc.) 1 Number of cows purchased each year 0 Purchase price per head $ 750 $ 750 Month(s) of planned purchase(s) (1 for January, etc.) 1 Replacement Heifers (1-2 Years Old): Number of replacement heifers culled for sale + death lo 13 Average sale weight (lbs.) Average sale price per cwt $ $ Month(s) of planned sales (1 for January, etc.) 1 Replacement heifers purchased each year 1 Purchase price per head $ 650 $ 650 Month(s) of planned purchase(s) (1 for January, etc.) 1 Herd Bulls: Number of herd bulls 3 Number of bulls culled for sale + death loss 1 Average sale weight (lbs.) Sale price per cwt $ $ Month(s) of planned sales (1 for January, etc.) 1 Bulls purchases each year 1 Purchase price per head ($/hd) $ 2,100 $ 2,100 Month(s) of planned purchase(s) (1 for January, etc.) 1 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :49 AM

3 Any revisions to the sales summary must be made above in the production information section and not below. Sales Summary Number Weight Price Value Total (Net Death Loss) of Head (lbs) ($/cwt) per Head Sales Steer Calves $ $ $ 19,231 Heifer Calves $ $ $ 6,751 Culled Cows 12 1,150.0 $ $ $ 5,088 Culled Replacement Heifers $ $ $ 7,232 Bulls 1 1,750.0 $ $ $ 851 Total 83 $ 39,154 Go to Top Purchases Summary Number Weight Price Value Total of Head (lbs) ($/cwt) per Head Purchases Cows 0 NA NA $ Replacement Heifers 1 NA NA $ $ 650 Bulls 1 NA NA $ 2, $ 2,100 Total 2 $ 2,750 For additional information: F-222 Integrated Resource Management (IRM) Tools: Standardized Performance Analysis: Cow/Calf Software F-231 Cow/Calf Financial and Production Performance: What We Are Learning from SPA Data F-232 Interpreting Cow-Calf Standardized Performance Analysis (SPA) Results E-869 The Management of Beef Cattle for Efficient Reproduction E-906 Calving Management E-913 Oklahoma Beef Cattle Manual-Third Edition F-3159 Expected Progeny Difference: Part 1 Background on Breeding Value Estimation F-3160 Expected Progeny Difference: Part 2 Growth Trait EPDs F-3161 Expected Progeny Difference: Part 3 Maternal Trait F-3162 Expected Progeny Difference: Part 4 Use of EPDs CR-3279 Cow-Calf Production Record Software B-814 So You Want to be A Rancher View these and other OSU Publications at: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :49 AM

4 Specify the owned and leased pasture parcels that are utilized by the cow-calf operation below. Double-click anywhere in the yellow entry area for a pop-up screen with pasture information and monthly allocation of annual expenditures. Entries in the "Your Total Value" column will be used in place of any itemized pasture expense calculations from the specification area. Any stand-alone values are assumed to reflect a leased pasture situation and a 100 percent cost allocation charged to the operation spread evenly over 12 months. Primary Owned/ Pasture Cost per Proportion Total Your Total Forage Type Leased Acreage Acre ($) Charged Expense Value Native Owned 480 $ % $ 1,920 Native-leased Leased 750 $ % $ 10,500 Herd Total 1230 $ 12,420 $ 12,420 Total per Cow $ $ For additional information: CR-216 Oklahoma Pasture Rental Rates F-232 Interpreting Cow-Calf Standardized Performance Analysis (SPA) Resu F-2559 Tall Fescue in Oklahoma F-2567 Grazing Systems for Pastures F-2571 Cool Season Annual Forage Grasses F-2580 Short Duration Grazing on Native Range F-2584 Forage-Budgeting Guidelines F-2585 Forage Legumes for Oklahoma F-2587 Bermudagrass for Grazing or Hay F-2867 The Difference between Range and Introduced Pasture Management F-2869 Management Strategies for Rangeland and Introduced Pastures F-2870 Drought Management Strategies F-2871 Stocking Rates: The Key to Successful Livestock Production F-3020 Production and Management of Old World Bluestems View these and other OSU Publications at: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :50 AM

5 Specify any other income not accounted for in other sections. Include a description, the month the income will be received, and the income per cow. Other Income Month of Income Item Income Per Cow Total: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :50 AM

6 Specify the hay that is consumed annually by the cow herd below. Default harvested forages have been specified, but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up screen with hay information and monthly allocation of annual expenditure Entries in the "Your Total Herd Value" column will be used in place of any itemized total hay cost calculations from the specification area. Any stand-alone values assume purchased feed items and costs spread evenly over 12 months. Hay Grown or Hay Unit Cost Per Cattle Number Lbs. Fed/ Days Lbs. Units Total Cost per Total Your Total Description Purchased Unit Weight Ton Type of Head Hd./Day Fed Fed/Day Fed/Day Units Fed Head Cost Herd Value Alfalfa Hay, Fair Purchased Ton 2000 $ Mature Cows $ $ 928 Alfalfa Hay, Fair Purchased Ton 2000 $ Year Repl. Heifers $ $ 309 Prairie Hay Purchased Ton 2000 $ Year Repl. Heifers $ $ 371 Bermuda Hay, Good Purchased Ton 2000 $ < 1 Year Repl. Heifers $ $ 450 Bermuda Hay, Good Purchased Ton 2000 $ Bulls $ $ 108 Herd Total $ 2,167 $ 2,167 Cost per Cow $ $ File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :50 AM

7 Specify the grain that is consumed annually by the cow herd below. Default feed grains have been specified, but can be modified to match your operation. Doubleclick anywhere in the yellow entry area for a pop-up screen with grain information and monthly allocation of annual expenditures. Expenditures by grain type on a herd basis may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total grain cost calculations from the specification ar Any stand-alone values assume purchased feed items and costs spread evenly over 12 months. Grain Grown or Grain Unit Cost Cattle Number Lbs./ Days Lbs. Units Total Cost per Total Your Total Description Purchased Unit Wt. Per Unit Type of Head Hd./Day Fed Fed/Day Fed/Day Units Fed Head Cost Herd Value Herd Total Cost per Cow File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :50 AM

8 Specify the feed supplement that is consumed annually by the cow herd below. Default supplements have been specified, but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up screen with supplement information and monthly allocation of annual expenditures. Expenditures by supplement type on a herd basis may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total supplement cost calculations from the specification area. Any stand-alone values assume purchased feed items and costs spread evenly over 12 months. Supplement Supplement Unit Cost Cattle Number Lbs./ Days Lbs. Units Total Cost per Total Your Total Description Unit Wt. Per Unit Type of Head Hd./Day Fed Fed/Day Fed/Day Units Fed Head Cost Herd Value Range Cubes 38% Ton 2000 $ Mature Cows $ $ 1,266 Range Cubes 38% Ton 2000 $ < 1 Year Repl. Heifers $ $ 675 Range Cubes 20% Ton 2000 $ Year Repl. Heifers $ $ 656 Soyhull/Corn/Sunflower Pellets Ton 2000 $ < 1 Year Repl. Heifers $ $ 1,155 Herd Total $ 3,752 $ 3,752 Cost per Cow $ $ For more information: F-3010 Supplementing the Cow Herd View these and other OSU Publications at: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :51 AM

9 Specify the salt that is consumed annually by the cow herd below. Default salt has been specified, but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up screen with salt information and monthly allocation of annual expenditures. Expenditures by salt type on a herd basis may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total salt cost calculations from the specification area. Any stand-alone values assume purchased feed items and costs spread evenly over 12 months. Salt Salt Unit Cost Cattle Number Lbs./ Days Lbs. Units Total Cost per Total Your Total Description Unit Wt. Per Unit Type of Head Hd./Day Fed Fed/Day Fed/Day Units Fed Head Cost Herd Value Salt, block block 50 $ 3.50 All $ 1.02 $ 215 Herd Total $ 215 $ 215 Cost per Cow $ 2.15 $ 2.15 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :51 AM

10 Specify the mineral that is consumed annually by the cow herd below. Default minerals have been specified, but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up screen with mineral information and monthly allocation of annual expenditures. Expenditures by mineral type on a herd basis may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total mineral cost calculations from the specification area. Any stand-alone values assume purchased feed items and costs spread evenly over 12 months. Mineral Mineral Unit Cost Cattle Number Lbs./ Days Lbs. Units Total Cost per Total Your Total Description Unit Wt. Per Unit Type of Head Hd./Day Fed Fed/Day Fed/Day Units Fed Head Cost Herd Value Minerals, sack Sack 50 $ All $ 5.26 $ 1,104 Herd Total $ 1,104 $ 1,104 Cost per Cow $ $ File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :51 AM

11 Specify the additive that is consumed annually by the cow herd below. Default additives have been specified, but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up screen with additive information and monthly allocation of annual expenditures. Expenditures by additive type on a herd basis may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total additive cost calculations from the specification area. Any stand-alone values assume purchased feed items and costs spread evenly over 12 months. Additive Additive Unit Cost Cattle Number Lbs./ Days Lbs. Units Total Cost per Total Your Total Description Unit Wt. Per Unit Type of Head Hd./Day Fed Fed/Day Fed/Day Units Fed Head Cost Herd Value Herd Total Cost per Cow File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :51 AM

12 Specify the management practices that are part of your herd health program below. Default items are included but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up input form. Expenditures may be entered in the "Your Total Herd Valu column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Parasite Control Month to Application Units Per Head Cost Vet Charge Cattle Number Cost Per Total Cost Your Total Pesticide Apply Unit (Dosage) per Unit per Head Type of Head Head Per Item Herd Value Ivomec Plus 11 ml 10.0 $ 0.46 Mature Cows 75 $ 4.60 $ 345 Ivomec Plus 11 ml 8.0 $ Year Repl. Heifers 25 $ 3.68 $ 92 Dectomax Pour On 6 ml 30.0 $ 0.13 < 1 Year Repl. Heifers 25 $ 3.90 $ 98 Dectomax Pour On 6 ml 75.0 $ 0.13 Bulls 3 $ 9.75 $ 29 Herd Total $ 564 $ 564 Cost per Cow $ 5.64 $ 5.64 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :52 AM

13 Specify the management practices that are part of your herd health program below. Default items are included but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up input form. Expenditures may be entered in the "Your Total Herd Valu column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Month to Cost Milliliter Milliliter Vet Charge Cattle Number Cost Per Total Cost Your Total Vaccines Apply per Bottle per Bottle per Dose per Head Type of Head Head Per Item Herd Value Lepto/Vibrio 11 $ Mature Cows 75 $ 0.16 $ 12 MLV IBR/PI3/BVD 4 $ Mature Cows 75 $ 1.02 $ 77 Lepto/Vibrio 11 $ Year Repl. Heifers 25 $ 0.16 $ 4 7 Way Clostridia 11 $ Year Repl. Heifers 25 $ 0.50 $ 13 MLV IBR/PI3/BVD 4 $ Year Repl. Heifers 25 $ 1.02 $ 26 7 Way Clostridia 11 $ < 1 Year Repl. Heifers 25 $ 0.50 $ 13 Lepto/Vibrio 11 $ < 1 Year Repl. Heifers 25 $ 0.16 $ 4 MLV IBR/PI3/BVD 12 $ < 1 Year Repl. Heifers 25 $ 1.02 $ 26 Herd Total $ 172 $ 172 Cost per Cow $ 1.72 $ 1.72 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :52 AM

14 Specify the management practices that are part of your herd health program below. Default items are included but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up input form. Expenditures may be entered in the "Your Total Herd Valu column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Month to Application Units Cost Vet Charge Cattle Number Cost Per Total Cost Your Total Medication Apply Unit per Head per Unit per Head Type of Head Head Per Item Herd Value Pen Aqueous Durvet 3 ml 4.0 $ 0.05 All Calves 82 $ 0.20 $ 16 Herd Total $ 16 $ 16 Cost per Cow $ 0.16 $ 0.16 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :52 AM

15 Specify the management practices that are part of your herd health program below. Default items are included but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up input form. Expenditures may be entered in the "Your Total Herd Valu column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Month to Cost per Doses Cost Vet Charge Cattle Number Cost Per Total Cost Your Total Implants Apply Package per Package per Dose per Head Type of Head Head Per Item Herd Value Synovex C 5 $ $ 0.87 Steer Calves 41 $ 0.87 $ 36 Herd Total $ 36 $ 36 Cost per Cow $ 0.36 $ 0.36 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :52 AM

16 Specify the management practices that are part of your herd health program below. Default items are included but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up input form. Expenditures may be entered in the "Your Total Herd Valu column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Other Processing Month to Cost Vet Charge Cattle Number Cost Per Total Cost Your Total Operations Apply Per Head per Head Type of Head Head Per Item Herd Value Herd Total Cost per Cow File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :52 AM

17 Specify the vet supply items that are utilized to administer your overall cow-herd health program and have not been specified elsewhere. The portion of prepaid supplies not entirely used or consumed during the year (medicines, etc should not be included in total costs. Default items are included but can be modified to match your operation. Double-click anywhere in the yellow entry area for a pop-up input form. Expenditures may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Purchase Number of Cost Proportion Total Cost Your Total Vet Supplies Month Items per Item Charged per Item Herd Value Hot Shot Shaft 10 2 $ % $ 35 Balling Gun 5 2 $ % $ 3 Disinfectant 5 3 $ % $ 54 Disposable Needles (1"x16 ga.) $ % $ 25 Herd Total $ 116 $ 116 Cost per Cow $ 1.16 $ 1.16 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :53 AM

18 Specify the annual marketing expenses incurred by the cow herd below by itemizing the nature of the expense by cattle type, month of expenditure, cost per head, and number of head. Expenditures may be entered in the "Your Total Herd Value" column and will be used in place of any itemized total cost calculations from the specification area. Stand-alone values assume cost allocations spread evenly over 12 months. Marketing Cattle Month of Cost Number Total Cost Your Total Expense Type Expense per Head of Head per Item Herd Value Hauling Steers 9 $ $ 75 Hauling Heifers 9 $ $ 28 Marketing Steers 9 $ $ 374 Marketing Heifers 9 $ $ 138 Herd Total $ 614 $ 614 Cost per Cow $ 6.14 $ 6.14 For additional information: F-430 Basic Livestock Futures Part 1: Livestock Furtures Markets F-431 Basic Livestock Futures Part 2: Mechanics of Futures Trading F-432 Basic Livestock Futures Part 3: Principles of Livestock Hedging F-433 Basis: The Key to Successful Livestock Hedging F-487 Basics of Live Cattle Options Trading F-521 Cattle Marketing Plan CR-522 Live and Feeder Cattle Futures and Options Contract F-540 Futures and Options Terminology E-876 Marketing Beef in Oklahoma View these and other OSU Publications at: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :53 AM

19 Parameters Settings - Listed below are typical values for labor, fuel, interest rates, and other items used in the budget calculations. You may make any necesssary adjustments in the "Your Value" column. Entries in the "Your Value" column will be used in place of the specified default in the budget. Your Parameter Settings Default Value Typical wage rate paid for labor $ 7.50 Average fuel price $ 1.00 Interest rate charged on operating capital (operating loan) 6.75% Interest rate charged on capital purchases (non-real estate) 6.50% Percent taxes on capital assets (non-real estate) 1.00% Percent insurance on average capital asset value (non-real estat 0.60% Opportunity interest rate charged on land capital 0.00% Percent ad valorem tax rate on land 0.00% Per acre average value for pasture land Percent of taxes and desired rate of return assigned to cow-calf 100% Annual capital month 9 File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :54 AM

20 Machinery costs Default costs are based on production practices incorporating machinery operations typical of cow-calf enterprises in Oklahoma. Cost determinations based on a default machinery inventory may be made by clicking the Machinery Cost Calculator button or you may make additional changes in the "Your Value" column shown on this screen. Equipment costs (for example, feed bunks, water tanks) are accounted for separately. Click on the Equipment button to review equipment costs. Your Default Value Variable costs ($/Cow) Fuel $ 3.36 Lube $ 0.50 Repairs $ Total $ $ Fixed costs ($/Cow) Depreciation $ 3.10 Insurance $ 0.14 Taxes $ 0.36 Interest $ 1.54 Total $ 5.14 $ 5.14 Hours of Labor 1.70 Labor costs per head $ $ Total owned machinery costs $ $ File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :54 AM

21 Machinery Cost Calculator Default machinery items have been specified, but can be modified to reflect your operation. Cell contents that contain "NA" represent inputs that are not relevant in estimating costs given the new or used setting specified by the user. A cost breakdown by item can be reviewed by clicking the View Cost Summary button. Machinery Information Item Truck Default Stock Trailer Tractor Truck Your Value Stock Trailer Tractor New (1) or Used (2) List price ($) $ 34,214 $ 6,540 $ 28,996 Annual hours Hours of life Proportion Charged 6% 60% 12% New Purchase Purchase price $ NA NA NA Years will use NA NA NA Used Purchase Purchase price $ $ 17,500 $ 2,000 $ 10,706 Age at time of purchase Hrs. used at time of purchase Years will use Used Used Used Cost Summary for: Truck Stock Trailer Tractor Total Variable costs ($/Cow) Fuel $ 1.50 $ 1.86 $ 3.36 Lube $ 0.22 $ 0.28 $ 0.50 Repairs $ 5.61 $ 2.59 $ 1.81 $ Total $ 7.33 $ 2.59 $ 3.95 $ Fixed costs ($/Cow) Depreciation $ 1.34 $ 0.92 $ 0.84 $ 3.10 Insurance $ 0.05 $ 0.04 $ 0.05 $ 0.14 Taxes $ 0.11 $ 0.12 $ 0.13 $ 0.36 Interest $ 0.49 $ 0.48 $ 0.56 $ 1.54 Total $ 1.99 $ 1.57 $ 1.58 $ 5.14 Labor Hours Labor Cost ($) $ 3.75 $ 4.50 $ 4.50 $ Total Costs ($/Cow) $ $ 8.66 $ $ File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :54 AM

22 Equipment costs Specify costs based on equipment items utilized in your operation. Default costs are based on a specified equipment inventory list. Cost determinations based on your equipment list may be made by clicking the View Inventory button. You may also make any necessary changes in the "Your Value" column. Your Default Value Variable costs ($/Cow) Fuel/Lube Repairs $ 3.06 Total $ 3.06 $ 3.06 Fixed costs ($/Cow) Depreciation $ 6.11 Insurance $ 0.20 Taxes $ 0.65 Interest $ 2.11 Total $ 9.07 $ 9.07 Hours of Labor 0.95 Labor costs per head $ 7.13 $ 7.13 Total owned machinery costs $ $ For additional information: F-1738 Cattle Handling Safety Facilities E-938 Modern Corral Design View these and other OSU Publications at: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :54 AM

23 Specify the owned equipment utilized by the cow herd below. Default items have been specified, but can be modified to match your operation. Double-click anywhere in the specification area for a pop-up screen with equipment information. Equipment Inventory Equipment Number of Purchase Years Salvage Repair% Fuel/lube% Annual Hrs Proportion Item Units Price of Use Value of Cost of Cost Labor/Unit Charged Portable load chute 1 $ 1, % 0% 5 100% Corral 1 $ 3, % 0% % Feed bunks, 11 ft 10 $ % 0% 5 100% Rd bale feeder 5 $ % 0% 5 100% Squeeze chute 1 $ 1, % 0% 5 100% File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :54 AM

24 Specify any other labor expense for the cow herd not included in the machinery and equipment sections. You can use the default labor values or specify the labor hours per cow, wage rate, and month(s) of expenditure. Other Hours Wage Month of Expense Labor Labor/Cow Rate/Hr. Expense per Cow Default 3 $ 7.50 $ Months Your value 5 $ Specify any other expense for your enterprise not accounted for in other sections. Specify the expense item, month of expenditure, and expense amount per cow. Other Month of Expense Expense Expense Per Cow Total: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :55 AM

25 To include an ownership charge on the amount of capital invested in breeding livestock, specify the purchase and/or market value, the years used in the herd, and the slaughter value for each cattle type kept for breeding purposes in your operation. in the green cells below. Breeding livestock may be either raised or purchased. Breeding Livestock Inventory Cattle Beginning Purchase/ Years Salvage Beg. Ave. Annual Annual Annual Annual Description No. of Head Mkt. Price of Use Value Investment Interest Taxes Ins. Depr. Purchased Mature Cows 25 $ $ 350 $ 550 $ 36 $ 8 $ 3 $ Year Repl. Heifers 0 $ $ 500 Bulls 3 $ 2,100 3 $ 800 $ 1,450 $ 94 $ 21 $ 9 $ 433 Raised Mature Cows 50 $ $ 350 $ 550 $ 36 $ 8 $ 3 NA 1-2 Year Repl. Heifers 25 $ $ 500 $ 575 $ 37 $ 7 $ 3 NA < 1 Year Repl. Heifers 25 $ $ 350 $ 350 $ 23 $ 4 $ 2 NA Cow-calf Operation Totals $ 68,725 $ 4,467 $ 876 $ 412 $ 2,550 Totals Per Cow $ 687 $ 45 $ 9 $ 4 $ 26 Breeding Livestock Annual Inventory Changes Cattle Beginning Base Total Transferred Purchased Transferred Sold Died Year-end Description No. of Head Value Value In Out No. of Head Mature Cows 75 $ 750 $ 56, NA Year Repl. Heifers 25 $ 650 $ 16, < 1 Year Repl. Heifers 25 $ 350 $ 8, NA 25 NA 1 24 Bulls 3 $ 2,100 $ 6,300 NA 1 NA For additional information: WF-323 Valuation of Raised Breeding Livestock B-814 So You Want to be a Rancher View these and other OSU Publications at: File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :55 AM

26 <<ENTERPRISE BUDGET WORKSHEET>> NAME: DATE: File: CowcalfIffs Enterprise: Cow-Calf Enterprise Budget Cow Unit Size Number of cows: 100 Steer selling weight 5.28 cwt Calving percentage % Steer calf sale price: $ /cwt Percent steers % Heifer selling weight 4.97 cwt Percent heifers % Heifer calf sale price:$ /cwt Percent change in costs 0.00 % Calf death loss 4.20 % Replacement heifers 25 hd Interest rate 6.75 % Error Check 0 _ PER UNIT TOTAL JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC << OPERATING RECEIPTS >> Livestock sales: Description unit price quan > Steers cwt , , > Heifers cwt , , > - - > - - Crop sales: Description unit price quan > - - > - - > Government payments (totals) - - > Other farm income (totals) - - > (totals) - - TOTAL CASH OPERATING RECEIPTS , , << OPERATING EXPENSES >> Custom Hire (machine work) - - Feed Purchased , , Fertilizer, Lime, Chemicals - - Freight, Trucking - - Fuel, Lubricants Insurance - - Labor Hired , , Rents, Leases , , Repairs, Maintenance , Seeds, Plants - - Storage, Warehousing - - Supplies Taxes - Ad Valorem - - Utilities - - Veterinary, Medicine Miscellaneous - - Marketing Charge Livestock purchased for resale Description unit price quan > - - > - - TOTAL CASH OPERATING EXPENSES ,186 20, NET OPERATING (Rec - Exp) (20,294) (307) (323) (409) (424) (433) (307) (307) 25,062 (342) (789) (332) Operating interest expense Net Operating After Interest (1.73) (173) (20,408) (423) (441) (529) (546) (558) (433) (435) 25,062 (342) (789) (332) Contribut'n to Other Enterprise Contribut'n of Other Enterprise ,920 1,920 Net after contribution (20.93) (2,093) (22,328) (423) (441) (529) (546) (558) (433) (435) 25,062 (342) (789) (332) Land or Other Fixed Charges , Net After Other Charges (118.19) (11,819) (23,138) (1,233) (1,251) (1,339) (1,357) (1,369) (1,244) (1,245) 24,252 (1,152) (1,599) (1,143) File name: CowCalf2.0 OSU Agricultural Economics Enterprise Budget Software 4/7/ :55 AM