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Cost of cow per day?
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<blockquote data-quote="SRBeef" data-source="post: 616350" data-attributes="member: 7509"><p>This is a very good thread, (with a few exceptions).</p><p></p><p>I am a part timer (=behind as usual) so have some catchup to do on last years accounting.</p><p></p><p>The method I have sort of fallen into as far as profitability of the farm goes is to look at it like there is a wall all around the place with just one gate.</p><p></p><p>The only thing that really matters in the overall operation is what goes thru that gate, including inputs and outputs. I try to think of the flow thru the gate like it is a two-way electric meter - overall goal is to have it running more incoming than outgoing over the year.</p><p></p><p>Then the only main decisions that have to be made are on capital improvements such as fences in how long to amortize them - or how much to charge/expense of the improvement cost as going thru the gate <strong>this</strong> year. I doubt that most folks write off fencing, waterer installation, corral installation etc in one year...or do you?</p><p></p><p>I have been considering expensing improvements over a 5 year period so 1/5th of fence costs for example would be charged off against 2008 income. Does that sound about right?</p><p></p><p>What time periods do you use to charge off typical cattle operation improvements?</p></blockquote><p></p>
[QUOTE="SRBeef, post: 616350, member: 7509"] This is a very good thread, (with a few exceptions). I am a part timer (=behind as usual) so have some catchup to do on last years accounting. The method I have sort of fallen into as far as profitability of the farm goes is to look at it like there is a wall all around the place with just one gate. The only thing that really matters in the overall operation is what goes thru that gate, including inputs and outputs. I try to think of the flow thru the gate like it is a two-way electric meter - overall goal is to have it running more incoming than outgoing over the year. Then the only main decisions that have to be made are on capital improvements such as fences in how long to amortize them - or how much to charge/expense of the improvement cost as going thru the gate [b]this[/b] year. I doubt that most folks write off fencing, waterer installation, corral installation etc in one year...or do you? I have been considering expensing improvements over a 5 year period so 1/5th of fence costs for example would be charged off against 2008 income. Does that sound about right? What time periods do you use to charge off typical cattle operation improvements? [/QUOTE]
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