Agricultural Economics Department
agricultural economics, livestock production, grain, forage, feedstuffs
Every farmer must make production decisions. He must decide which crop and livestock enterprises and what production practices can be profitably employed on his farm. He can make these decisions-hit or miss fashion-with little or no factual information and without the benefit of a plan or production program. In contrast, he can base his decisions upon a carefully planned production program which uses a wealth of information on physical inputs and outputs, costs of production, and prices received for the items produced. The most effective farm planning is done by means of budgets. Usually several different production plans must be budgeted in order to determine which may be the most profitable. A range of physical input data is needed in planning or budgeting for alternative production programs. The purpose of this circular is to present physical production data for several types of livestock enterprises which will show the relationship between inputs of various combinations of grain and forage, and outputs of livestock and livestock products in response to these feed combinations. The level of feeding which will achieve maximum physical production may or may not be the most profitable. The most profitable rate of input depends upon the cost of various input factors (types of feed) relative to the price of the output of livestock products. It is not the purpose of this circular to present "recommended" or “required” or the most “economical” combination of feeds and systems of feeding using fixed amounts of grains, supplements, and forages. Rather, the purpose is to present a range of physical input-output data which show that many combinations of grains, supplements, and forages may be used in livestock production enterprises.
South Dakota State State College of Agriculture and Mechanic Arts, Agricultural Experiment Station
Johnson, C. M. and Stangeland, S. R., "Economic Use of Grain and Forage in Livestock Production" (1954). Agricultural Experiment Station Circulars. 102.