Business Management

Factsheets

Solvency and Repayment Capacity Issues Facing the Swine Farmer

Publish Date: 04/19/2012

There are many ways of evaluating a business and making financial decisions for the business. Historically in agriculture, that has varied by the enterprises you have, the lender you work with and the part of the country you live in. These variations made it hard to compare apples to apples and maintain consistency across regions and enterprises. That was one of the main reasons that the Farm Financial Standards Task Force was formed. The Task Force (FFSTF) has since developed a set of guidelines to make it easier to consistently evaluate a business and make financial decisions based on that evaluation.


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PIG How-To's

How to Improve Current Ratio

Publish Date: 04/17/2012

The operations current ratio is obtained by dividing total current assets by the total current liabilities and expressed as that result to one. Current ratio measures the extent to which current assets if sold would pay off current liabilities. A ratio greater than 1.60 is considered good. A ratio less than 1.10 is considered poor.


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PIG How-To's

How To Develop a Balance Sheet

Publish Date: 04/17/2012

The state of any business can be measured at any point in time by completing a balance sheet. The balance sheet has all the business assets and liabilities listed by category.


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References

Opportunities in Coordinated Hog Production

Publish Date: 09/18/2006

Purdue University 1997 Swine Research Report. Hogs have traditionally been raised on independent farms in which most of the needed services were provided by that farm. Resources included ownership of all hogs and facilities, land, labor, management, and risk taking. In addition, the type of production facilities and specific management practices such as the nutrition,…


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References

Critical Control Points: Managing Assets, Expenses and Leverage

Publish Date: 09/18/2006

Purdue University 1997 Swine Research Report. The first step in any knowledge-based evaluation of your operation is to understand your own system. Are you measuring production accurately? Are pigs accounted for accurately in each stage of production? Are all purchases and sales recorded and passed through farm record systems in a timely fashion? Do physical…


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References

Risk Management Strategies with Diversified Hog/Crop Production

Publish Date: 09/18/2006

Purdue University 1999 Swine Research Report. Years ago, when there were many small farms, farmers were encouraged to diversify. With todays larger operations, there is more specialization and greater concentration in agriculture. For example, the largest 10 broiler companies account for 70 percent of the production and processing (Schrader et al., 1997). Increasing specialization and…


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References

Contract vs. Independent Pork Production: Does Financing Matter?

Publish Date: 09/18/2006

Purdue University 1999 Swine Research Report. The pork production industry continues to change rapidly. The Midwestern hog production industry, in particular, is experiencing a dramatically changing organizational structure due in part to an increasing cost competitiveness as the industry trends towards larger scales of production, increasingly specialized production, and production utilizing the best advantages technology…


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References

Determing Feed Budgets for Farm-Specific Nutritonal Programs

Publish Date: 09/07/2006

Kansas State University Swine Research. Use of feed budgets simplifies feed delivery and improves the accuracy of delivering diets to the correct pig weight ranges during the nursery and finishing periods. Little information has been available for determining farm-specific feed budgets in the past. In this paper, we will outline simple methods to customize a…


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References

Explaining Differences In Efficiency Among Farrow-To-Finish Producers

Publish Date: 09/08/2006

Kansas State University Swine Research. To remain competitive, hog operations will need to continue to improve production efficiency and manage costs. Kansas Farm Management Association data from 1992 to 1994 were used to measure technical, economic, and overall efficiency for 43 farrow-tofinish operations in Kansas. On average, the farms had .89 technical, .75 economic, and…


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References

Estimated Budgets For Seperate-Site Swine Production

Publish Date: 09/08/2006

Kansas State University Swine Research. Budgets were developed to help Kansas swine producers analyze the economics of separate-site production. Return on investment (ROI) was estimated at 9.5% in each of the three production phases. Returns over total costs were very sensitive to transfer price between phases (weaned pig and feeder pig price) as well as…


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