Production Resources Toolkit
In order to make important, timely decisions for your farm business, you need to know what is in front of you. Understanding whole farm feed supply allows you to match your stocking rate with your feed supply for the benefit of your business and your back pocket.
Knowing how to calculate specific measures to analyse performance and identify room for improvement is key. We have developed a range of videos explaining how to use the below tools to improve your business.
Understanding a livestock trading schedule
The livestock trading schedule assists in management control as it tracks livestock inventory at key points in the year. A livestock trading schedule is used to calculate the enterprise gross profit, which is an important component of the income statement in management accounting.
Understanding whole farm feed supply
Whole farm feed supply refers to the amount of feed available to livestock during a pre-determined period. It is an important concept in livestock businesses as the number of livestock managed in a given area (stocking rate) is dependent on it.
Understanding whole farm stocking rate
Whole farm stocking rate refers to the total number of livestock managed over the farm area. Stocking rate is an important concept in livestock businesses because farm financial assessment and analysis shows that feed utilisation is an important driver of profitability in livestock businesses.
Understanding labour efficiency
Labour efficiency is a measure of the efficiency with which labour resources are employed within a farm business. Labour efficiency is assessed as a ratio of productive livestock or crop units per full time equivalent (FTE) labour unit (LU).