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by Ryan Reuter User's Guide
The lower portion of this template allows you to compare the labor costs associated with each supplement. Labor costs may be significantly different among supplements, and some types of supplement tout reduced labor as a major selling point. To use the labor calculator, you will need the following:
The labor calculator can also help in evaluating the feasibility of buying additional feeding equipment, such as bulk feed handling equipment. After entering the data for each supplement on the top section, the template calculates the cost of useable crude protein for each supplement. The template also calculates the "breakeven cost" of the supplement, which is the price of the supplement that would make the cost of useable crude protein equal to the cost of crude protein in supplement number 1. Generally, the supplement with the lowest cost of useable crude protein is the most economical supplement. You can then proceed to the lower section labeled "Labor Calculator" to factor in the labor cost. After entering the data here, the template will calculate the labor cost per week, total feed cost (including labor and supplement) per week and per animal per day. It also calculates the cost of supplement and cost of labor per animal per day separately if that information is needed for further analysis. The breakeven price calculated on this worksheet is the same as on the first worksheet except that labor costs have now been included. Also calculated at the bottom of this page are the pounds of each supplement to feed per animal, and the total amount of supplement to feed per feeding (this may influence larger producers who might have to make an extra trip to the pasture with less concentrated supplements, adding labor and mileage cost). If you have any questions about the use of this template, or any other livestock management questions, please contact one of the Livestock Specialists at The Noble Foundation. If you find an error in the programming of the template, or have a suggestion for improvement, contact Ryan Reuter (rrreuter@noble.org). We hope you find this template useful. |
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© 1997-2008 by The Samuel Roberts Noble Foundation, Inc.
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