The only reason to enter information about your ranch is to receive back useful information. Ranch Vision is designed in such a manner as to allow you to receive reports without entering all of the information that Ranch Vision requests for a complete analysis. This provides flexibility and allows quicker feedback with less time and effort supplying information.
In the following pages are listed explanations for each report. Also included are the menu items that must be completed to receive each report. A menu item is completed when you have selected the Done button for all the dialogs in that menu item. Remember that by clicking the menu item for an unavailable, "grayed out," report, you will be presented with a Help page listing the sections that must be completed to receive that report. A guide for all reports is also available to you through the Help system. You can find it by going to the Help menu and choosing Contents. Then choose the Guide button on the upper right corner of the page.
Figure 3.1 Current Plan Menu
Also, you can receive an interpretation of a report by pressing the F1 key when the report is active. An interpretation of all reports is also available to you through the Help system. You can find it by going to the Help menu and choosing Contents. Then choose the Interpret button on the upper right corner of the page.
Figure 3.1 shows the Current Plan menu listing the available reports.
HERD SIZE
Complete the HIGHLIGHTED menu items for the given species in order to receive the Herd Size reports for that species.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
BREEDING CATTLE, BREEDING SHEEP, BREEDING GOATS
These reports project the total numbers of breeding cattle, breeding sheep and breeding goats within the cow-calf, ewe-lamb and doe-kid enterprises respectively. They begin on the inventory date and include the anniversary of the inventory date for each of the next five years. Breeding cattle include bulls, mature cows, H2's, H1's and H0's while breeding sheep include rams, mature ewes, E2's, E1's and E0's and breeding goats include billies, mature does, D2's, D1's and D0's.
CATTLE, SHEEP, GOATS
These reports project the total number of cattle, sheep and goats within the enterprises being analyzed. They begin on the inventory date and include the anniversary of the inventory date for each of the next five years.
PURCHASES
Complete the HIGHLIGHTED menu items for the given species in order to receive the Purchases report for that species. Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Purchases Annual report.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
ANNUAL PURCHASES
This report projects the dollar amount for livestock purchases in each of the five years following the inventory date.
DETAILED CATTLE, DETAILED SHEEP, DETAILED GOATS
These reports list a detailed breakdown of projected cattle, sheep or goat purchases in each of the five years following the inventory date.
PURCHASES OUTFLOW
Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the PURCHASES OUTFLOW report.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
PURCHASES OUTFLOW
This report projects the amount of money spent to purchase livestock in each of the twelve months following the inventory date.
SALES
Complete the HIGHLIGHTED menu items for the given species in order to receive the Sales reports for that species. Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Sales Breakdown and Sales Annual reports.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
BREAKDOWN
This report provides a breakdown of the projected sales for the year following the inventory date.
ANNUAL
This report projects the dollar amount for livestock sales in each of the five years following the inventory date.
DETAILED CATTLE, DETAILED SHEEP, DETAILED GOAT, DETAILED WOOL, DETAILED MOHAIR
These reports provide detailed breakdowns of projected cattle, sheep, goat, wool and mohair sales in each of the five years following the inventory date.
SALES INFLOW
Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Sales Inflow report.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
SALES INFLOW
This report projects the amount of money received from the sale of livestock, wool and mohair in each of the twelve months following the inventory date.
GRAZING DEMANDS
Complete the HIGHLIGHTED menu items for the given species in order to receive the Grazing Demands report for that species. Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Grazing Demands Annual report.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
ANNUAL
This report projects the grazing demands placed on the ranch in each of the five years following the inventory date. The values given are in Grazing Unit Months.
DETAILED CATTLE, DETAILED SHEEP, DETAILED GOAT
These reports provide detailed breakdowns of projected cattle, sheep and goat grazing demands in each of the five years following the inventory date. The values given are in Grazing Unit Months.
GROSS MARGINS
Complete the HIGHLIGHTED menu items for the given species in order to receive the Gross Margins report for that species.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
CATTLE, SHEEP, GOAT
These reports list the gross margins projected for each of the cattle, sheep and goat enterprises for the five years following the inventory date.
ENTERPRISE EFFICIENCY
Complete the HIGHLIGHTED menu items for the given species in order to receive the Enterprise Efficiency report for that species.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively
CATTLE, SHEEP, GOAT
These reports provide an evaluation of the cattle, sheep and goat enterprises for the five years following the inventory date on the basis of the gross margin per Grazing Unit Month. This shows how much an enterprise will return for a given amount of grass consumed.
REPLACEMENT COSTS
Complete the HIGHLIGHTED menu items for all species with breeding animal enterprises in order to receive the Replacement Costs report.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
REPLACEMENT COSTS
This report gives the projected cost to raise breeding replacements. The costs listed are to produce an H1, E1 and/or D1 that is two months pregnant. They include the opportunity cost of not selling that young female at weaning, the opportunity cost of the capital investment in that animal, grazing costs, the costs involved in maintaining a breeding male, losses incurred from death, infertility and culling as well as other cash and non-cash direct costs such as feeding, veterinary services and supplies, etc... They also take into consideration the value received from the sales of cull and open animals and byproducts (wool and mohair).
BREAK-EVEN VALUES
Complete the HIGHLIGHTED menu items for the given species in order to receive the Break-Even Values report for that species.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
STOCKER CATTLE, FEEDER LAMBS, FEEDER KIDS
A break-even analysis determines the point at which an enterprise will neither make money nor lose money. It is where the enterprise will "break-even." These reports give the break-even purchase price, break-even sales price and break-even sales weight for the stocker cattle, feeder lamb and feeder kid enterprises.
PROFIT AND LOSS
Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Profit and Loss reports.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
CURRENT YEAR
This report gives a breakdown of projected economic profit or loss for the ranch business for the year following the inventory date. In the context of economic profit, zero profit is satisfactory. It means that all resources used in production are being employed as well as their best alternative use.
ANNUAL
This report gives the projected economic profit or loss for the ranch business for the five years following the inventory date. In the context of economic profit, zero profit is satisfactory. It means that all resources used in production are all being employed as well as their best alternative use.
CASH FLOW
Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Cash Flow reports.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
CURRENT YEAR
This report lists a description of the cash projected to come into and go out of the ranch business for the year following the inventory date. Cash inflow can be from livestock sales, wool and mohair sales, accounts receivable, and cash gross product from other ranch enterprises. Cash Outflow can be from livestock purchases, cash direct costs, cash overhead costs, debt principle paid, accounts payable and capital purchases.
ANNUAL
This report gives the projected cash coming into and going out of the ranch business for each of the five years following the inventory date. Cash inflow can be from livestock sales, wool and mohair sales, accounts receivable, and cash gross product from other ranch enterprises. Cash Outflow can be from livestock purchases, cash direct costs, cash overhead costs, debt principle paid, accounts payable and capital purchases.
BALANCE SHEET
Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Balance sheet report.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
BALANCE SHEET
This is the balance sheet for the ranch business as of the inventory date.
FINANCIAL MEASURES
Complete the HIGHLIGHTED menu items for all species being analyzed in order to receive the Financial Measures reports.
*Includes the menu items Wool Sales and Mohair Sales for sheep and goats respectively.
PROFITABILITY
This table lists four measures that project the ranch business' ability to create profit in the year following the inventory date. These measures include Rate of Return on Ranch Assets, Rate of Return on Ranch Equity, Operating Profit Margin Ratio and Net Ranch Income.
FINANCIAL EFFICIENCY
This table lists five measures of the ranch business' projected financial efficiency for the year following the inventory date. These measures include Asset Turnover Ratio, Operating Expense Ratio, Depreciation Expense Ratio, Interest Expense Ratio and Net Ranch Income from Operations Ratio.
SOLVENCY
This table list three measures of the solvency of the ranch business on the inventory date. These measures include Debt/Asset Ratio, Equity/Asset Ratio and Debt/Equity Ratio.
LIQUIDITY
This table lists two measures of the liquidity of the ranch business on the inventory date including the Current Ratio and Working Capital.
OTHER MEASURES
This table lists Gross Revenue, Operating Expenses and Gross Profit for the year following the inventory date.
