livestockConferenceFrom Purdue University – “Purdue Extension has developed a pair of Web-based, interactive resources to help new producers and anyone thinking about starting a small-scale livestock operation to make critical budgeting decisions.

The Purdue Comparative Decision Support matrix, known as PCDS, includes a spreadsheet tool that allows users to create an operating budget based on their own fixed and variable costs, cash flow and expected revenue. The PCDS2 profit/loss analysis function uses cost and price information to calculate potential earnings.

Before committing to a small-scale livestock operation, producers should use the tools to assess their goals and financial situation, including how much they want to earn or could afford to lose, said Joan Fulton, professor of agricultural economics and one of the creators of PCDS.” More…