Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat...
-
Upload
emil-little -
Category
Documents
-
view
218 -
download
1
Transcript of Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat...
![Page 1: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/1.jpg)
Tennessee Master Meat Goat Producer
![Page 2: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/2.jpg)
Business and Financial Planning and Management for Meat Goat Operations
John CampbellRob Holland
Aaron Robinson
![Page 3: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/3.jpg)
Teaching Objectives Producers will learn basic principles
of business planning Producers will learn the importance of
farm records and how to use them for making management decisions
Producers will learn types of business risk and how planning and management can reduce such risk
![Page 4: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/4.jpg)
Teaching Objectives Producers will learn the value of
developing farm financial plans and utilizing enterprise budgets in decision-making.
Producers will learn how herd performance measures are calculated and how these measures can be used as a basis for making improvements in both production and financial management
![Page 5: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/5.jpg)
Business and Management Planning
Successful business requires solid business planning and management
Most successful businesses have some type of business management plan
Goat producers should make overall business planning a routine part of the management of their enterprise
![Page 6: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/6.jpg)
Mission, Goals & Tactics The mission should clearly state why you
have the enterprise and how raising meat goats fits with your personal and professional priorities
Goals for meat goat enterprises should be concise statements that describe certain performance measures which, once achieved, will help meet the overall mission of the enterprises
Tactics are the production and management activities that must be performed to run the enterprise and meet the goals
![Page 7: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/7.jpg)
Mission
Refer to Chapter 2, Page 2 in manual _____________________________________
___________________________________________________________________________________________________________________________________________________________________________________________
![Page 8: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/8.jpg)
Mission, Goals & Tactics The mission should clearly state why you
have the enterprise and how raising meat goats fits with your personal and professional priorities
Goals for meat goat enterprises should be concise statements that describe certain performance measures which, once achieved, will help meet the overall mission of the enterprises
Tactics are the production and management activities that must be performed to run the enterprise and meet the goals
![Page 9: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/9.jpg)
S. M. A. R. T. Goals Specific - - goals should be well-written,
concise, straightforward and definitive Measurable - - goals should be
measured in quantitative terms so progress can be monitored
Attainable - - goals must be achievable and not in conflict with other goals
Rewarding - - the achievement of a goal should be rewarding in some way
Timed - - goals should have a time limit for achievement
![Page 10: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/10.jpg)
Goals Refer to Chapter 2, Page 3 in
manual Increase kid crop percentage by
20% in 2 years ___________________________________
_____________________________________________________________________________________________________________________________
![Page 11: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/11.jpg)
Mission, Goals & Tactics The mission should clearly state why you
have the enterprise and how raising meat goats fits with your personal and professional priorities
Goals for meat goat enterprises should be concise statements that describe certain performance measures which, once achieved, will help meet the overall mission of the enterprises
Tactics are the production and management activities that must be performed to run the enterprise and meet the goals
![Page 12: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/12.jpg)
Tactics
Refer to Chapter 2, Page 3 in manual
Analyze forage and grain for nutrient levels
________________________________________________________________________________________________________________________________
![Page 13: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/13.jpg)
Business Plan Proper identification and written
descriptions of a mission, goals and tactics for a meat goat enterprise will provide a strong foundation for the development of a complete business plan
A business plan provides a structure that guides the business planning and on-going business management process
![Page 14: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/14.jpg)
Business Plan A written business plan is a tool that
describes and defines the many details of a meat goat enterprise
Development of a business plan should be a basic management practice for goat producers
A business plan does not have to be long nor expensive, but it does require an investment of time and attention
![Page 15: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/15.jpg)
Business Plan Format Overall description of the business Management overview Description of the products planned to
market Market analysis and development of
marketing strategies Financial plan Tax returns, legal documents, contracts
and agreements
![Page 16: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/16.jpg)
Obtaining Financing Insufficient planning and lack of capital are
the most frequently cited reasons that businesses fail
Whether you are starting or expanding a goat enterprise, sufficient capital is essential
But knowledge and planning are required to manage capital well
Significant start-up costs can make the early days (and years) of a new enterprise stressful
![Page 17: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/17.jpg)
Funding the Enterprise
Comes from either one or a combination of two primary sources Equity Debt
![Page 18: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/18.jpg)
Equity
The owner’s contribution to the start up of the enterprise
Money that stays in the business and does not have a definite repayment schedule
Critical component of an enterprise that is in need of additional funds
![Page 19: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/19.jpg)
Debt
Debt funding (or a loan) is critical for enterprises that do not have sufficient equity to finance the business needs
Loans are generally set-up with a fixed payment schedule
Lenders may require that equity represent 25 to 50 percent of the total start-up costs for a new business
![Page 20: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/20.jpg)
Loans Generally obtained from commercial banks,
government agencies or some other third party that sets a specific repayment schedule
Secured or non-secured Non-secured loans are based entirely on the
borrower’s financial strength and past performance
Secured loans require that assets be used as collateral to secure the loan
![Page 21: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/21.jpg)
Where do you get the money?
![Page 22: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/22.jpg)
Sources of Start-Up Capital for Starting a New Business Venture
Personal Resources 60% Commercial Lending 23% Friends & Relatives 9% Other Sources 4% Outside Investors 3% Government Agencies 1%
![Page 23: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/23.jpg)
Five C’s of Credit
Character Capacity Collateral Conditions Capital
See manual for additional details.
![Page 24: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/24.jpg)
“Keeping records and preparing budgets is about as exciting as watching paint dry.”
Rosemary Harter, Illinois farm wife who helped save the farm by improving records and developing marketing plans.
![Page 25: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/25.jpg)
Farm Financial Record-Keeping
Effective management of a farming operation today requires that records be kept so managers can make informed decisions affecting the profitability of their farms
Farm business decisions that are not based on accurate farm records may lead to less profit
![Page 26: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/26.jpg)
Why keep records?
Proof Decision-aids Institutional requirements Environmental regulations
![Page 27: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/27.jpg)
Record Tips Selecting a record-keeping system
should depend on the expected use of the records; no "best" system
Record systems should emphasize decision making, not tax preparation
Regularly and accurately post transactions
Make all financial transactions through checking account; reconcile checkbook with records
![Page 28: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/28.jpg)
Whole Farm Record System
INCOME EXPENSE
Date Description Kids Cull Does Corn Feed Supplies Fuel
10/1 Sold 20 kids @ 65 lbs/hd $1,300
10/1 Purchased feed (1 ton) $165
10/3 Sold 2 does @ 75 lbs/hd $105
10/6 Purchased supplies $165
10/8 Purchased 1500 gals of diesel $3,900
10/11 Sold 2000 bu of corn $4,600
![Page 29: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/29.jpg)
Enterprise Record System INCOME EXPENSE ENTERPRISES
Breeding Goats Corn
Date Description Kids Cull Does Corn Feed Supplies Fuel Income Expense Income Expense
10/1 Sold 20 kids @ 65 lbs/hd $1,300 $1,300
10/1 Purchased feed (1 ton) $165 $165
10/3 Sold 2 does @ 75 lbs/hd $105 $105
10/6 Purchased supplies $165 $125 $40
10/8 Purchased 1500 gals of diesel $3,900 $150 $3,750
10/11 Sold 2000 bu of corn $4,600 $4,600
Contain all the income and expenses associated with a single enterprise.
![Page 30: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/30.jpg)
Enterprise Record System INCOME EXPENSE ENTERPRISES
Breeding Goats Corn
Date Description Kids Cull Does Corn Feed Supplies Fuel Income Expense Income Expense
10/1 Sold 20 kids @ 65 lbs/hd $1,300 $1,300
10/1 Purchased feed (1 ton) $165 $165
10/3 Sold 2 does @ 75 lbs/hd $105 $105
10/6 Purchased supplies $165 $125 $40
10/8 Purchased 1500 gals of diesel $3,900 $150 $3,750
10/11 Sold 2000 bu of corn $4,600 $4,600
An enterprise can be any crop or type of livestock produced on the farm.
![Page 31: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/31.jpg)
Enterprise Record System INCOME EXPENSE ENTERPRISES
Breeding Goats Corn
Date Description Kids Cull Does Corn Feed Supplies Fuel Income Expense Income Expense
10/1 Sold 20 kids @ 65 lbs/hd $1,300 $1,300
10/1 Purchased feed (1 ton) $165 $165
10/3 Sold 2 does @ 75 lbs/hd $105 $105
10/6 Purchased supplies $165 $125 $40
10/8 Purchased 1500 gals of diesel $3,900 $150 $3,750
10/11 Sold 2000 bu of corn $4,600 $4,600
Should contain all cash income and direct cash expenses for that particular enterprise.
![Page 32: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/32.jpg)
Enterprise Record System INCOME EXPENSE ENTERPRISES
Breeding Goats Corn
Date Description Kids Cull Does Corn Feed Supplies Fuel Income Expense Income Expense
10/1 Sold 20 kids @ 65 lbs/hd $1,300 $1,300
10/1 Purchased feed (1 ton) $165 $165
10/3 Sold 2 does @ 75 lbs/hd $105 $105
10/6 Purchased supplies $165 $125 $40
10/8 Purchased 1500 gals of diesel $3,900 $150 $3,750
10/11 Sold 2000 bu of corn $4,600 $4,600
In-direct enterprise expenses are more difficult to assign.
![Page 33: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/33.jpg)
Types of Expenses Direct
Goat feed Goat medicine Auction fees Trucking Seed Fertilizer Lime
In-direct Fuel Repairs Labor Insurance Utilities Rent
![Page 34: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/34.jpg)
Uses of Enterprise Records
Compare the profitability of different enterprises
Developing enterprise budgets
or
![Page 35: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/35.jpg)
Sales Records Estimating income from sales is an
important aspect of overall management Income estimates are almost always more
accurate when there is historical information on which to base projections
The dollar amount of sales may not tell a farm manager much about what was really sold
![Page 36: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/36.jpg)
Information in Sales Records
Date Description of animal/animals sold Number sold Weight (if sold by pound) Price Sale expenses Market name/buyer
![Page 37: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/37.jpg)
Whole Herd Sales Record
Date Description No. Head
Total Weight
Price Per Unit
Price Unit
Gross Sales
Sale Costs
Net Sales Buyer/Market
4-15 Kids 2 100 125.00 Cwt 125.00 113.00 John Jones
5-2 Cull Doe 1 70 71.75 Cwt 50.23 7.00 43.23 TLP
6-24 Breeding Doe 1 90.00 Head 90.00 90.00 Lazy G Farm
8-20 Kids 25 1625 115.00 Cwt 1868.75 175.00 1693.75 TLP
![Page 38: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/38.jpg)
Kid Sales Record
Date Description No. Head
Total Weight
Price Per Unit
Price Unit
Gross Sales
Sale Cost
Net Sales Buyer/Market
4-15 Kids 2 100 125.00 Cwt 125.00 113.00 John Jones
8-20 Kids 25 1625 115.00 Cwt 1868.75 175.00 1693.75 TLP
![Page 39: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/39.jpg)
Cull Breeding Stock Sales Record
Date Description No. Head
Total Weight
Price Per Unit
Price Unit
Gross Sales
Sale Cost
Net Sales Buyer/Market
5-2 Cull Doe 1 70 71.75 Cwt 50.23 7.00 43.23 TLP
![Page 40: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/40.jpg)
Breeding Stock Sales Record
Date Description No. Head
Total Weight
Price Per Unit
Price Unit
Gross Sales
Sale Cost
Net Sales
Buyer/
Market
6-24 Breeding Doe 1 90.00 Head 90.00 90.00 Lazy G Farm
![Page 41: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/41.jpg)
Assessing Risk
Agricultural enterprises are subject to both price and production risk
Higher returns are generally consistent with higher levels of risk
Goal is to manage risk and reduce risk to an acceptable level
Can not completely eliminate all risk
![Page 42: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/42.jpg)
What are some types of risk?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________
![Page 43: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/43.jpg)
What are some types of risk?
![Page 44: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/44.jpg)
Types of Risk
Production and yield risk Market and price risk Business and financial risk Technology and obsolescence Casualty loss risk Social and legal risk Human risk
![Page 45: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/45.jpg)
Developing Farm Plans
An outline of the proposed operation of the farm business
Indicates what to produce, how much to produce and how to produce it
Two types of farm plans Long-run plan Short-run plan
![Page 46: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/46.jpg)
Long-run Plans Estimate of the resource allocation that
is likely to yield greatest net returns over a period of years
Based on family goals Shows the changes in farm business
organization that must take place to attain those goals
Revise if technology or input or output prices change materially
![Page 47: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/47.jpg)
Short-run (Annual) Plans
Made to fit the individual year Implements the transition from
the present farming system to the proposed long-run plan
![Page 48: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/48.jpg)
Intensive Planning Long-run and short-run farm plans
must be flexible if they are to be realistic and serve the purpose for which they are intended
UT Extension’s MANAGE Program assists in developing farm plans
Helps producers understand their financial situation and make informed decisions
![Page 49: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/49.jpg)
Answers to these questions Where am I?
Where do I want to be?
How do I get there?
![Page 50: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/50.jpg)
Addresses Major Financial Objectives Profitability – ability to generate net
income
Liquidity – provide cash when needed
Solvency – financial growth and security
![Page 51: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/51.jpg)
Intensive Planning Tools Long-range Planning - compares
alternative farm plans Cash Flow Planning - projects farm cash
flows monthly or annually for up to ten years
Year-End Analysis - analyzes financial performance of a farm business in the past year; generates a historical data base
![Page 52: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/52.jpg)
Enterprise Budgets Estimate of projected income and
expenses associated with the production of a commodity
Analyze the effects of changes within the operation
Determine which commodity is contributing to profitability and which commodity is losing money
![Page 53: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/53.jpg)
Enterprise Budgets Usually based on some production unit
such as one breeding doe or one acre of a specific crop
Either historical or projected Historical enterprise budgets are created
using actual income and expense information
Projected enterprise budgets attempt to estimate income and expenses in the future
![Page 54: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/54.jpg)
Enterprise Budgets
If the budget is for a new enterprise, research on expected income and expenses should be the basis of the budget
Estimates of changing costs or income should be conservative
![Page 55: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/55.jpg)
Variable Costs (Expenses)
Directly tied to the enterprise and can be changed in the short-run Feed Health Marketing Fertilizer
Shown as per unit rate
![Page 56: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/56.jpg)
Fixed Costs (Expenses)
Committed to pay regardless of whether livestock is raised during the current planning period Depreciation and insurance on
machinery, equipment and buildings Interest on machinery, equipment,
buildings and land Property taxes
![Page 57: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/57.jpg)
Recovering Costs Both fixed and variable costs are
considered when deciding whether to continue production
In the short run, the producer should stay in production if it appears that revenue will at least cover variable costs
All costs must be recovered over time
![Page 58: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/58.jpg)
Budgeting for Kid Production Estimates goat sales and economic
costs and returns Includes interest expenses for resources
used in the goat enterprise Assumes existing land resources are
used Producers should use their own
information when available Personalized adjustments should be
made as needed
![Page 59: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/59.jpg)
Kidding Production Budget Page 20 in
manual Table 8
![Page 60: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/60.jpg)
Herd Assumptions For Budget
50 Does 1 Buck 150% kid crop 10 doe kids held for replacements 20% does replaced each year Sell 9 cull does; assume 1 dies
![Page 61: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/61.jpg)
Revenue
Sales of kids Sales of cull does
![Page 62: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/62.jpg)
Variable Expenses
Hay – 3.5 lbs./day for does & buck for 120 days
Corn Kids – 1 lb./day for 120 days Does – ½ lb./day for 90 days
Pasture – 3.3 does/acre Salt & Minerals
![Page 63: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/63.jpg)
Variable Expenses
Veterinary & Medicine Marketing Hauling Machinery Operating Interest
![Page 64: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/64.jpg)
Depreciation & Repairs (Fixed)Table 9
Buildings & equipment Fences Machinery Buck (depreciation only)
![Page 65: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/65.jpg)
Interest Expenses Reflect the fact that capital invested
is costly, regardless of its source Borrowed capital entails a cash
interest charge for repayment to lenders
Capital provided by the owner results in a non-cash opportunity cost
Capital could have been invested elsewhere and earned interest
![Page 66: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/66.jpg)
Interest Expenses
Does & Buck Buildings & Equipment Fences Machinery
![Page 67: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/67.jpg)
Labor Expenses
Reflect the cost of hired and/or owner labor
Owner provided labor is a non-cash opportunity cost for earnings foregone if time spent on another paying job or enterprise
Hired labor is cash expense
![Page 68: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/68.jpg)
Kidding Sensitivity Table 10-Production & Price
Price Kids Weaned Per DoePer Cwt. 1.2 1.3 1.4 1.5 1.6 1.7 1.8
85.00 -1211.28 -990.35 -769.41 -548.47 -327.53 -106.60 114.3490.00 -1048.78 -811.60 -574.41 -337.22 -100.03 137.15 374.3495.00 -886.28 -632.85 -379.41 -125.97 127.47 380.90 634.34
100.00 -723.78 -454.10 -184.41 85.28 354.97 624.65 894.34105.00 -561.28 -275.35 10.59 296.53 582.47 868.40 1154.34110.00 -398.78 -96.60 205.59 507.78 809.97 1112.15 1414.34115.00 -236.28 82.15 400.59 719.03 1037.47 1355.90 1674.34
![Page 69: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/69.jpg)
Kidding Sensitivity Table 11-Production & Market Weight
Market Kids Weaned Per DoeWeight 1.2 1.3 1.4 1.5 1.6 1.7 1.8
56.00 -1173.78 -949.10 -724.41 -499.72 -275.03 -50.35 174.3459.00 -1023.78 -784.10 -544.41 -304.72 -65.03 174.65 414.3462.00 -873.78 -619.10 -364.41 -109.72 144.97 399.65 654.3465.00 -723.78 -454.10 -184.41 85.28 354.97 624.65 894.3468.00 -573.78 -289.10 -4.41 280.28 564.97 849.65 1134.3471.00 -423.78 -124.10 175.59 475.28 774.97 1074.65 1374.3474.00 -273.78 40.90 355.59 670.28 984.97 1299.65 1614.34
![Page 70: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/70.jpg)
Personalize Budget The basis for many decisions depends on an
estimate of annual enterprise costs and returns
This budget is intended only for a guide Producers should use their own
information when available Personalized adjustments to this budget
should be made as needed The "your farm" column should be used to
calculate your own production costs and breakeven prices
![Page 71: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/71.jpg)
Finishing Feeder Goat Production Budget Page 24 in
manual Table 12
![Page 72: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/72.jpg)
Budgeting for Finishing Feeder Goat Production
Similar format to kidding budget 50 head unit Purchase 35 lb. feeder kid Sell 65 lb. kid Gain 0.33 lb./day for 90 days Death loss 5%
![Page 73: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/73.jpg)
Revenue
Sale of slaughter goat Minus 5% death loss Calculated on value at time of sale
![Page 74: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/74.jpg)
Variable Expenses Feeder kid Interest on
feeder Feed Pasture – 6
kids/acre Salt & Minerals
Veterinary & Medicine
Marketing Hauling Machinery Operating Interest
![Page 75: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/75.jpg)
Depreciation & Repairs (Fixed)Table 13
Buildings & equipment Fences Machinery
![Page 76: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/76.jpg)
Interest & Labor
Assumptions same as for kidding budget
Labor – ¾ hour per kid
![Page 77: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/77.jpg)
Break-even Analysis Finisher of feeder kids would like for
returns to cover total cost Not always achievable Want to recover at least the
variable cost of production at any particular time
Over the long term, the finisher must cover all costs for the enterprise to be profitable
![Page 78: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/78.jpg)
Break-even Price per Cwt. Sold
COST INCLUDED AMOUNT PRICE/CWT.Variable (Cash Expenses) 49.27 75.84Death Loss 3.25 5.00Depreciation and Repairs 5.49 8.45Interest on Buildings & Equipment 1.99 3.07Labor 6.00 9.24Total All Costs 66.00 101.59
![Page 79: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/79.jpg)
Feeder Sensitivity Table 14-Purchase Price and Sale Price
Sale Price Purchase Price Per Cwt.Per Cwt. 60.00 65.00 70.00 75.00 80.00 85.00 90.00
85.00 -4.95 -6.73 -8.51 -10.29 -12.07 -13.85 -15.6390.00 -1.86 -3.64 -5.42 -7.21 -8.99 -10.77 -12.5595.00 1.22 -0.56 -2.34 -4.12 -5.90 -7.68 -9.46
100.00 4.31 2.53 0.75 -1.03 -2.81 -4.59 -6.37105.00 7.40 5.61 3.83 2.05 0.27 -1.51 -3.29110.00 10.48 8.70 6.92 5.14 3.36 1.58 -0.20115.00 13.57 11.79 10.01 8.23 6.44 4.66 2.88
![Page 80: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/80.jpg)
Feeder Sensitivity Table 15-Average Daily Gain and Sale Price
Sale Price Average Daily GainPer Cwt. 0.18 0.23 0.28 0.33 0.38 0.43 0.48
85.00 -21.19 -17.56 -13.92 -10.29 -6.66 -3.02 0.6190.00 -18.75 -14.90 -11.05 -7.21 -3.36 0.49 4.3495.00 -16.30 -12.24 -8.18 -4.12 -0.06 4.00 8.06
100.00 -13.86 -9.58 -5.31 -1.03 3.24 7.52 11.79105.00 -11.41 -6.92 -2.44 2.05 6.54 11.03 15.52110.00 -8.97 -4.27 0.44 5.14 9.84 14.54 19.25115.00 -6.52 -1.61 3.31 8.23 13.14 18.06 22.97
![Page 81: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/81.jpg)
Herd Performance Measures
Evaluate the efficiency of the doe herd
Track progress of the herd over time
Indicate potential problems Assist in establishing goals for the
operation
![Page 82: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/82.jpg)
Number of Exposed Females
Number of mature does and replacements in the herd at the beginning of the breeding season.
Each female has the potential to conceive, raise and wean offspring.
![Page 83: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/83.jpg)
Adjusted Exposed Females
Adjusted Lower Females sold or transferred from the
herd. Adjusted Higher
Exposed or pregnant females purchased or transferred into the herd.
![Page 84: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/84.jpg)
Kidding Percentage
Measure of success of the breeding season.
Number of Kids Born__ X 100 Adjusted Exposed Females
![Page 85: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/85.jpg)
Kid Death Loss Percentage Indicator of the success of the
kidding season and growing phase Number of Kid Deaths__ X 100
Number of Kids Born
Affected by kidding difficulty, kidding season, environment, herd health, condition of doe herd
Goal: 4% or less
![Page 86: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/86.jpg)
Weaning Percentage(Kid Crop Percentage)
Measure of the overall reproductive efficiency of the doe herd.
Number of Kids Weaned X 100 Adjusted Exposed Females
Determine the optimal level of weaning percentage for the operation.
![Page 87: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/87.jpg)
Average Weaning Weight An indication of the productive ability of
the sire(s) and the doe herd. Total Pounds Weaned__
Number of Kids Weaned Indicate improvement in performance Reflect changes in management and/or
environmental conditions Higher weaning weights do not always
result in higher profits
![Page 88: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/88.jpg)
Measuring Performance of a Commercial Doe Herd Two 50 doe herds A B
Weaning Weights 75 65 Weaning Percentage 110
130 No. Kids Weaned 55 65 Total Lbs. Weaned 4125 4225 Lbs. Weaned / Doe
Exposed 82.5 84.5
![Page 89: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/89.jpg)
Pounds Weaned per Exposed Female Measure of overall performance
and efficiency Combines reproductive
performance and productive ability Total Pounds Weaned__
Adjusted Exposed Females Weaning Percentage X Average
Weaning Weight
![Page 90: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/90.jpg)
Effect of Weaning Percentage and Average Weaning Weight on Pounds Weaned per Exposed Female
170% 127.5
119.0
110.5
102.0
93.5 85.0
150% 112.5
105.0
97.5 90.0 82.5 75.0
130% 97.5 91.0 84.5 78.0 71.5 65.0
110% 82.5 77.0 71.5 66.0 60.5 55.0
- - - - - Average Weaning Weight (lbs.) - - - - -
75 70 65 60 55 50
Wean. % - - - - Pounds Weaned per Exposed Female - - -
![Page 91: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/91.jpg)
Summary
Sound business planning improves chances for success, but there are no guarantees
Availability of capital plays major role in determining the long-term success or failure of a business
![Page 92: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/92.jpg)
Summary
Must have accurate, detailed records in order to make sound business and production decisions
Risk can be managed, but not eliminated
![Page 93: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/93.jpg)
Summary
Developing sound financial plans has proven success in improving management skills
Performance measure calculations provide a base from which to measure improvements and progress toward goals
![Page 94: Tennessee Master Meat Goat Producer. Business and Financial Planning and Management for Meat Goat Operations John Campbell Rob Holland Aaron Robinson.](https://reader036.fdocuments.us/reader036/viewer/2022062407/56649d8d5503460f94a74b8b/html5/thumbnails/94.jpg)
Final Note
No one plans to fail.
But many fail to plan.