Goat Farm Budgeting
Roger Sahs and Damona Doye - Oklahoma State University
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.
After completion of this instructional module the producer should be able to:
- State the possible returns on an agricultural asset.
- Identify some things that should be considered when developing a map for the farm business.
- Select from list historical information regarding goat meat.
- Define budgeting.
- State resources that a producer may use while managing the goat farm.
- State the three types of budgets for use on the goat farm.
- Identify the three types of cost for the goat farm.
- Define depreciation.
- Distinguish between positive and negative effects of budgeting.
- State the purpose of financial records.
- Develop a budget that shows realistic income and expense values.
- Review and interpret a goat enterprise budget.
- Production costs
- Variable costs
- Fixed costs
- Returns above total operating costs
- Returns above all specified costs
- Financial records
You may download this module in PDF format.