Beef backgrounding planning budget

"This budget presents information useful to beef farmers. Table 1 presents estimates for the 2021 year for backgrounded steer calves in Missouri. Assumptions were based on price forecasts as of October 2020. Detailed prices and practices are summarized in Tables 2, 3, 4 and 5. The production practices used to develop these cost estimates are common for beef farms in Missouri. Farmers are encouraged to customize this budget to fit their operation."--First page.Written by: Joe Koenen (County Engagement Specialist, Agricultural Business); Zachary Erwin (Field Specialist, Livestock); Joe Horner (State Specialist, Agricultural Business)New 10/18; Revised 10/2

Estimating silage value to the crop producer (2003)

New 10/03/3

Keys to building a profitable pasture-based dairy (2012)

"Agriculture.""Dairy grazing.""Dairy grazing publication series : This publication is one in a series about operating and managing a pasture-based dairy. Although these publications often refer to conditions in Missouri, many of the principles and concepts described may apply to operations throughout the United States. A list of the publications in this series is available online at http://extension.missouri.edu/m168."New 2/12/Web

Dairy grazing : dairy career paths

"Original authors: Wayne Prewitt, Joe Horner and Ryan Milhollin""Dairy producers face challenges as they enter, expand or exit the dairy industry. Those entering the dairy industry often find attracting financing difficult and may find that accumulating an acceptable level of equity to get started will take several years. Expanding dairy producers are often so highly leveraged they have little margin for error, making their businesses susceptible to failure due to production or price swings. Older dairy producers face the challenges of increasing age and the desire to accumulate cash for retirement rather than reinvest in their dairies. Without a plan for succession, a smaller farm may not generate enough revenue to pay attractive wages or attract experienced, productive farm employees. The net result of the challenges faced by dairy producers is a lack of reinvestment in an entire regional dairy industry. To guide future dairy producers through these challenges, University of Missouri faculty explored career paths that have succeeded in other regions, particularly in pasture-based dairy production. Opportunities do exist to enter the dairy industry, but these opportunities depend upon imagination, a willingness to work with others and a willingness to be proactive in creating a path for oneself. Figure 1 depicts a dairy career path from beginning as an employee to ending as a dairy owner or equity partner. Entry opportunities exist at several places along the path, depending on a person's experience and financial situation. As individuals progress along the career path, their skills, knowledge and financial situation improve, leading to the possibility of investing in and eventually owning a dairy."--First page.Written by Joe Horner (State Specialist, Agricultural Business and Policy Extension), Ryan Milhollin (State Specialist, Agricultural Business and Policy Extension)New 11/11; Revised 5/20Includes bibliographical reference

Pricing corn silage

"This guide is intended to help farmers estimate the breakeven price needed to justify harvesting a corn crop as silage rather than for grain. The estimated breakeven price of the standing crop becomes the corn farmer's lower boundary price for negotiations with a livestock producer wishing to purchase and harvest a field as silage. The value of silage delivered to storage accounts for harvest and transportation costs incurred by either the crop or livestock farmer. The livestock farmer's interest is in knowing the cost of silage (on a dry matter basis) delivered to the feed bunk, after accounting for storage losses and shrink. Livestock farmers compare silage's delivered cost per ton against costs of other feedstuffs."--First page.Revised by: Ray Massey (Professor, Agricultural Business and Policy Extension), Joe Horner (State Specialist, Agricultural Business and Policy Extension)New 10/2003; Revised 12/2020Includes bibliographical reference

Pricing corn silage

"This guide is intended to help farmers estimate the breakeven price needed to justify harvesting a corn crop as silage rather than for grain. The estimated breakeven price of the standing crop becomes the corn farmer's lower boundary price for negotiations with a livestock producer wishing to purchase and harvest a field as silage. The value of silage delivered to storage accounts for harvest and transportation costs incurred by either the crop or livestock farmer."--Page 1.Revised by Ray Massey (Professor, Agricultural Business and Policy Extension), Joe Horner (State Specialist, Agricultural Business and Policy Extension)Includes bibliographical reference

Beef heifer planning budget

"Using this planning budget, farmers raising beef heifers may estimate their costs and returns for 2023. Table 1 presents estimates for calves purchased and sold later as bred replacement heifers in Missouri. Assumptions were based on price forecasts as of September 2022. Detailed inputs, feed requirements and machinery investments are summarized in Tables 2, 3 and 4. The production practices used to develop these cost estimates are common in Missouri beef farms. Use the 'Your estimate' column to plan your operation's costs and returns for 2023."--Page 1.Written by Wesley Tucker, Field Specialist, Agricultural Business; Joe Horner, State Specialist, Agricultural Business and Policy ExtensionNew 10/2018; Revised 09/202

Dairy grazing : economics of pasture-based dairies

"This publication replaces Chapter 14, Economics of a Pasture-Based Dairy, in MU Extension publication M168, Dairy Grazing Manual. Original authors: Stacey A. Hamilton, Greg J. Bishop-Hurley and Ron Young, University of Missouri.""Understanding the financial risks and rewards of pasture-based dairying is important for dairy farmers. The development of a new dairy or expansion of an existing one must be carefully considered to determine if it will create the economic returns needed to sustain any debt, family living and profits to owners. Most decisions on a dairy will have financial implications and need to be based on sound production and financial information. Maintaining records and monitoring appropriate benchmarks can help a farmer understand the state of the dairy and improve its financial performance."--First page.Written by Joe Horner (State Specialist, Agricultural Business and Policy Extension), Ryan Milhollin (State Specialist, Agricultural Business and Policy Extension)New 11/11; Revised 5/20; Reviewed 8/2

Dairy grazing : keys to building a profitable pasture-based dairy

File name is M00191."Pasture-based dairy producers sometimes summarize their guiding philosophy simply as, "Grow all the pasture you can grow, and let the cows harvest every pound you grow." This statement captures their focus on operational efficiency, capital efficiency and cost control, all of which are important for a dairy to be profitable. Observations of top producers suggest the following activities are key to creating a consistently profitable pasture-based dairy farm: Design systems; Focus investments; Control costs; Leverage carefully. This publication expands upon each of these key activities to guide producers in developing and improving the profitability of their pasture-based dairies."--First page.Written by Joe Horner (State Specialist, Agricultural Business and Policy Extension), Ryan Milhollin (State Specialist, Agricultural Business and Policy Extension)New 11/11; Revised 5/2

Dairy (grazing) planning budget

"This budget presents information useful to dairy farmers. Table 1 presents estimates for the 2021 year on a 150-cow rotational grazing dairy (replacements raised on farm) in Missouri. Assumptions were based on price forecasts as of October 2020. Detailed inputs, feed requirements and investments are summarized in Tables 2, 3 and 4. The production practices used to develop these cost estimates are common for grazing dairies in Missouri. Farmers are encouraged to customize this budget to fit their operation."--First page.Written by Joe Horner and Ryan Milhollin (State Specialists, Agricultural Business and Policy Extension)New 10/18; Revised 10/2