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Records and Record Keeping The Key to Profitability David Fernandez Extension Livestock Specialist University of Arkansas Pine Bluff

Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

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Page 1: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Records and Record KeepingThe Key to Profitability

David FernandezExtension Livestock Specialist

University of Arkansas Pine Bluff

Page 2: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Why are records important?

• Allow you to analyze your operation– What expenses are excessive?– Where are your greatest profits?– Where should you focus your efforts and when?– Should you expand your operation?

Page 3: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Why are records important?

• Tell you if you are meeting your goals– Are your cows producing the kind of calf you

want?– Is your forage system meeting your grazing

needs?– Are you maximizing your income/meeting your

lifestyle needs?

Page 4: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Why are records important?

• Can be used to obtain financing– Demonstrate how your loan will meet your

production goals– Clearly demonstrate income-generating potential– Demonstrate ability to repay the loan– You may learn you don’t need the loan

Page 5: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Why are records important?

• Help you make better decisions– Setting appropriate goals– Tracking your progress– Selecting sires– Reducing expenses– Culling unproductive cows

Page 6: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

A Rancher’s Results

Your Name Here

Big Cattle BuyerBoondocks, USA

Page 7: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

What records should I keep?

• Records you will use– Sounds obvious– Easy to get bogged down in too much

information• Depends upon YOUR goals– Herd health records– Cow performance records– Financial records

Page 8: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Herd Health Records

• Vaccination dates• Vaccinations given• Deworming dates• Illnesses– Dates– Treatments– Outcome

Page 9: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Cow Performance Records

• Hip height and pre-breeding weight

• Breeding and calving dates• Pre-calving body condition

score

Page 10: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

• Calf birth dates and weights (if possible)

• Calf weaning weights and dates weaned

• Calf hip heights and muscling scores

Cow Performance Records

Page 11: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Financial Records

• Variable costs– Labor– Feed– Veterinary and medical

• Fixed costs– Land/Loan payments– Machinery– Depreciation

Page 12: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Sample Record Forms

Page 13: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Julian Calendar

Page 14: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Example at Calving

Animal IDSex

(B,C,H,S)Birthdate

(Julian date)Birth

Weight BWT Ratio Actual WWTDate Weighed(Julian date)

Adj 205 Day WWT WWT Ratio

101 S87 (March

28) 66 95.2

102 H 88 81 116.9

103 H 88 68+D4/

D12*100

104 S 90 67+D5/

D12*100

average=AVERAGE(D2:D11)

=AVERAGE(F2:F11)

=AVERAGE(H2:H11)

Page 15: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Example at Weaning

Animal IDSex

(B,C,H,S)Birthdate

(Julian date)Birth

WeightBWT Ratio Actual WWT

Date Weighed

(Julian date)Adj 205 Day

WWT WWT Ratio

101 S 87 66 95.2 563 305 (Nov 11) 533 102.0

102 H 88 81 116.9 564 305 537 102.8

103 H 88 68 98.1 550 305 523 100.1

104 S 90 67 96.7 545 305 523 +H5/H12*100

105 H 91 60 86.6 553 305 532+H6/H12*100

106 S 93 62 89.5 540 305+((F7-D7)/(G7-C7))*205+D7

107 S 93 75 108.2 532 305+((F8-D8)/(G8-C8))*205+D8

108 H 98 72 103.9 505 305

109 H 102 73 105.3 505 305

110 H 106 69 99.6 515 305

average 69.3 537.2 522.9

Page 16: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Example Results

Animal IDSex

(B,C,H,S)Birthdate

(Julian date)Birth

WeightBWT Ratio Actual WWT

Date Weighed(Julian date)

Adj 205 Day WWT WWT Ratio

101 S 87 66 95.2 563 305 533 102.0

102 H 88 81 116.9 564 305 537 102.8

103 H 88 68 98.1 550 305 523 100.1

104 S 90 67 96.7 545 305 523 100.0

105 H 91 60 86.6 553 305 532 101.8

106 S 93 62 89.5 540 305 524 100.3

107 S 93 75 108.2 532 305 517 98.9

108 H 98 72 103.9 505 305 501 95.8

109 H 102 73 105.3 505 305 509 97.4

110 H 106 69 99.6 515 305 528 101.1

average 69.3 537.2 522.9

Page 17: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

ExampleReplacement Heifer Selection Decisions

Animal IDSex

(B,C,H,S)Birthdate

(Julian date)Birth

WeightBWT Ratio Actual WWT

Date Weighed(Julian date)

Adj 205 Day WWT WWT Ratio

101 S 87 66 95.2 563 305 533 102.0

102 H 88 81 116.9 564 305 537 102.8

103 H 88 68 98.1 550 305 523 100.1

104 S 90 67 96.7 545 305 523 100.0

105 H 91 60 86.6 553 305 532 101.8

106 S 93 62 89.5 540 305 524 100.3

107 S 93 75 108.2 532 305 517 98.9

108 H 98 72 103.9 505 305 501 95.8

109 H 102 73 105.3 505 305 509 97.4

110 H 106 69 99.6 515 305 528 101.1

average 69.3 537.2 522.9

Compare to mature cows’ ratios

Page 18: Why are records important? Allow you to analyze your operation – What expenses are excessive? – Where are your greatest profits? – Where should you focus

Questions?