The livestock business is a major economic activity and one area you can easily grow your investments. This is seen in a cow-calf operation where beef cattle are raised. Cow-calf operations are the backbone of the beef industry. More important is the need to have a structured strategy or plan that guides your operations. Your choice of cattle is crucial to the success of your cattle business operations.
Livestock Business Plan Template Sample PDF Free Download
Farming has become a profitable business not only for traditional farmers and food producers, but for anyone who is enthusiastic about growing food on their own. Farm land owners and cattle owners can benefit from trading and selling cattle for beef, as well as other products, such as milk, hide, and other related farm products. Livestock and farming is gaining popularity not only because of the financial benefits, but also for meeting the global demands for protein. In the next decade or so, the responsibility of farmers to produce more food to feed the global population will increase, and therefore, a need for a business plan will become necessary for farmers who want to expand their business and become mid-sized companies for producing farm products.
The NC State University beef enterprise budget guidelines are just that—guidelines. They should be used to guide the development of specific budgets for a specific farm situation. Budgets provide a template or framework that can guide the development of a complete estimate of economic costs and returns for an enterprise. These budgets are not cash flow projections and separate cash flow projections are recommended if the proposed enterprise will require a large investment financed by borrowing.