Cattle Budgeting by Production Stage

Author(s): Andrew Griffith

Abstract

Budgets are fundamental for most businesses and can be used for production planning, cost management, and end of the year profitability calculations. For cattle production, budgets should be developed for each stage of production. Segregating stages of production into different budgets allows for evaluation of most profitable and least profitable segments. The objective is to outline production stages and a budgeting example.