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  5. Exploring Cost-to-Produce through an Equine Farm Model

Exploring Cost-to-Produce through an Equine Farm Model

File(s)
Garman_Kendon_Project.pdf (429.58 KB)
Permanent Link(s)
https://hdl.handle.net/1813/113467
Collections
Animal Science Professional Masters Projects
Author
Garman, Kendon
Abstract

The purpose of this project was to build a tool that would find the production cost of farm-produced product. This was done by using the Microsoft Excel program to build an interactive tool using expense and income inputs from farms to create a scenario farm to test the tool. A horse farm that would produce lessons was selected for the scenario. Throughout the process of building the model, the importance of good recordkeeping, even for intricate operation costs, was noticed as profits were observed to be lost quickly without the farm management being aware. For the farm scenario, the cost to produce a lesson was predicted to be $54.30. The knowledge of the production cost helped set expense budgeting and other income pricing for the farm in the scenario.

Date Issued
2023
Rights
Attribution-NoDerivatives 4.0 International
Rights URI
https://creativecommons.org/licenses/by-nd/4.0/
Type
dissertation or thesis

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