Goat Farm Budgeting

Roger Sahs and Damona Doye - Oklahoma State University

Unit Objective

After completion of this module of instruction, the producer should be able review keys to successful meat goat operations: budgets, markets, education, and good records; review different budget types available for farm operators: whole-farm, enterprise, and partial; review enterprise budget components and concepts: cost categories, revenue, profitability, and risk management applications; and identify key enterprise budget resources for producers.

Specific Objectives

After completion of this instructional module the producer should be able to:

  1. State the possible returns on an agricultural asset.
  2. Identify some things that should be considered when developing a map for the farm business.
  3. Select from list historical information regarding goat meat.
  4. Define budgeting.
  5. State resources that a producer may use while managing the goat farm.
  6. State the three types of budgets for use on the goat farm.
  7. Identify the three types of cost for the goat farm.
  8. Define depreciation.
  9. Distinguish between positive and negative effects of budgeting.
  10. State the purpose of financial records.
  11. Develop a budget that shows realistic income and expense values.
  12. Review and interpret a goat enterprise budget.

Module Contents

  • Introduction
  • Types of Budgets
  • Whole-Farm Budgets
  • Enterprise Budgets
    • Production
    • Production costs
    • Variable costs
    • Fixed costs
    • Returns above total operating costs
    • Returns above all specified costs
  • Partial Budgets
  • Other Aids to the Process
    • Education
    • Financial records
  • Budget Limitations
  • Conclusion
  • References
  • PDF Versions

    You may download this module in PDF format.

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