AP12

Agriculture Management, Economics, & SalesLivestock Analysis

Unit: Agribusiness Planning & Analysis

Lesson Title: Livestock Analysis

Standards

ABS.05.01.03.a. Identify information needed for an AFNR business manager to monitor performance on a daily, weekly, monthly, quarterly and annual basis.ABS.04.01.02.a. Identify financial concepts associated with production and profit.

CCSS.ELA-Literacy.L.11-12.1 Demonstrate command of the conventions of standard English grammar and usage when writing or speaking.CCSS.ELA-Literacy.L.11-12.2 Demonstrate command of the conventions of standard English capitalization, punctuation, and spelling when writing.CCSS.ELA-Literacy.SL.11-12.1 Initiate and participate effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on grades 11–12 topics, texts, and issues, building on others’ ideas and expressing their own clearly and persuasively.

Student Learning Objectives

Slide 2 in AP12 Livestock Analysis Lesson ObjectiveAfter completing the lesson on livestock analysis, students will demonstrate their ability to apply the concept in real-world situations by obtaining a minimum score of 80% on a Livestock Analysis Source Find.

Enabling ObjectivesAs a result of this lesson, the student will…

1. Justify three reasons for raising livestock.2. Explain considerations to be made in selecting livestock.3. Analyze current livestock publications to determine the profitability of producing a

particular type of livestock.

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Time: Approximately 100 minutes

List of ResourcesBacon K., Boren N., Kirkwood V., Birkenholz R., Plain R., Rohrbach N. (1988).

Agriculture Management and Economics Instructor Guide. Columbia, MO: Instructional Materials Laboratory.

Bacon K., Boren N., Kirkwood V., Birkenholz R., Plain R., Rohrbach N. (1988). Agriculture Management and Economics Student Reference Guide. Columbia, MO: Instructional Materials Laboratory.

The Center for Farm Financial Management. (n.d.). FINBIN Farm Financial Database. Retrieved from http://www.finbin.umn.edu/LivestockEnterpriseAnalysis/Default.aspx?new=1.

University of Missouri Extension. (2013). Missouri Beef Resource Guide, Business Management. Retrieved from http://beef.missouri.edu/business/index.htm.

University of Missouri Extension. (2013). Missouri Swine Resource Guide, Economics and Management. Retrieved from http://swine.missouri.edu/econ/.

University of Missouri Extension. (2013). Missouri Dairy Resource Guide, Business Management. Retrieved from http://dairy.missouri.edu/business/.

List of Tools, Equipment, and SuppliesAP12 PowerPoint PresentationAP12 Activity Sheet and Evaluation PacketNote cards or small sheets of paper for review activity

Key Terms

Slide 3 in AP12 Livestock AnalysisThe following terms are presented in this lesson (shown in bold italics):

Agribusiness Planning & Analysis AP12 Livestock Analysis

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Interest Approach: Use an interest approach that will prepare the students for the lesson. Teachers often develop approaches for their unique class and student situations. A possible approach is included here.

Slide 4 in AP12 Livestock AnalysisLet’s Add Livestock: Have students consider what it would take to add livestock to an already existing farming operation. Pretend they have unlimited land resources available and could simply set up their “dream” livestock enterprise. Given the area in which they live and the livestock populations, prices, etc. facilitate a large class discussion on the best option.

Agribusiness Planning & Analysis AP12 Livestock Analysis

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Summary of Content and Teaching Strategies

Objective 1: Justify three reasons for raising livestock.

Teaching Strategies Related Content1. Why would a farmer choose to raise

livestock? What are some of the advantages and disadvantages?

Slide 5 in AP12 Livestock Analysis

Raising Livestock Marketing crops through livestock

sometimes yields higher returns than could be obtained if crops were sold

Livestock enterprises keep year-round farm labor fully and profitably employed throughout the year

Livestock provides market for pasture and other crop by-products that otherwise could not be marketed

Objective 2: Explain considerations to be made in selecting livestock.

Teaching Strategies Related Content1. What factors should we consider in

selecting livestock?

Slide 6 in AP12 Livestock Analysis

Selecting Livestock Amount of grain and forage produced

in the cropping system Regularity and stability of net income Amount of labor available Distribution of labor requirements Skill and personal preferences of

manager Available markets Capital requirement and rate of capital

turnover

Objective 3: Analyze current livestock publications to determine the profitability of producing a particular type of livestock.

Teaching Strategies Related Content1. Divide students into pairs or triads.

Assign groups beef, swine, or dairy. Direct them to the corresponding

Agribusiness Planning & Analysis AP12 Livestock Analysis

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websites: http://beef.missouri.edu/

business/index.htm http://swine.missouri.edu/econ/ http://dairy.missouri.edu/

business/

2. Have students locate a minimum of 5 articles on their sites to obtain information on the profitability of producing/raising the assigned type of livestock.

3. Each student will create a promotional brochure depicting the information uncovered.

Slide 7 in AP12 Livestock Analysis

Review/SummarySlide 8 in AP12 Livestock Analysis

To choose the most profitable livestock system, one must carefully examine the farm’s present situation and the unique factors associated with each livestock enterprise.

Review: Complete a livestock summary report on FINBIN at http://www.finbin.umn.edu/LivestockEnterpriseAnalysis/Default.aspx?new=1. Analyze this report for areas of improvement.

Slide 8 in AP12 Livestock AnalysisExit cards: Students will answer the following questions on a note card or small slip of paper and hand to teacher as they exit:

What did you learn today about livestock analysis? What questions do you still have about livestock analysis?

Application

Extended Activities

Agribusiness Planning & Analysis AP12 Livestock Analysis

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Invite a livestock specialist to class to discuss raising livestock, associated costs, how to select a livestock enterprise, etc. Have students prepare 5-8 questions for the specialist in preparation for the visit.

If students have crop ownership Supervised Agricultural Experience Programs, have them consider the effects of adding livestock to their enterprise. Use web tools and resources to calculate additional costs, labor, resources, etc. Weigh options and share thoughts with the instructor during the next SAE visit.

Analyze students’ livestock ownership Supervised Agricultural Experience Programs. Analyze them for their cost effectiveness, efficiency, profitability, etc. Have students create a list of five things to improve within the next 12 months pertaining to their livestock enterprise. Share these goals with the instructor during the next SAE visit.

Explore the Farmdoc Fast Tools Livestock Analysis tools.

EvaluationLivestock Analysis Source Find AP12.1

Alternate - Paper-pencil Quiz Evaluation AP12.2

Answers to EvaluationEvaluation AP12.1Answers will vary. Use scoring guide on AP12.1 to assess student work.

Alternate Evaluation AP12.21. D2. To market crops through livestock3. To use surplus labor throughout the year4. To market pasture and crop by-products

Agribusiness Planning & Analysis AP12 Livestock Analysis