Part I - Production Information - Existing Farm fileSow Housing Conversion Model Existing Sow Farm Entry Worksheet Converted Sow Farm Part I - Production Information - Existing Farm

Sow Housing Conversion Model Existing Sow Farm

Entry Worksheet Converted Sow Farm

Part I - Production Information - Existing Farm

1. Please enter the average number of sows and gilts serviced per week in your existing sow farm.

This is not meant to include multiple matings -- only the total head serviced (mated) per week.

Per Week

Females Serviced 167

2. Please enter the average farrowing rate (%) at your existing sow farm.

Percent

Farrowing Rate 84.50%

3. Please enter the average pigs born alive per litter at your existing sow farm.

Per Litter

Pigs Born Alive 11.80

4. Please enter the following average production information (%) at your existing sow farm:

Percent

Pre-Weaning Mortality 12.60%

Sow Mortality Rate 4.20%

Cull Sow Rate 39.80%

5. Please enter the average number of semen doses per sow and gilt mated for the existing sow farm.

Per Mating

# Doses of Semen 2.10

6. Please enter the following average gestation and lactation pounds of feed per sow per day for the existing sow farm:

For gestation feed, it is the average pounds of gestation feed consumed per day divided by the average gestation inventory.

Per Day

Pounds of Gestation Feed per Sow 5.25

Pounds of Lactation Feed per Sow 13.50

7. Please enter the following average gestation and farrowing inventories for the existing sow farm:

The combination of these numbers should include the total inventoried head of sows and gilts at the sow farm.

Total

Gestation Inventory (Head) 2,606

Lactation Inventory (Head) 444

Part II - Financial Information - Existing Farm

1. Please enter the average weekly labor expenses for the existing sow farm (including all labor-related expenses).

This should include all direct labor costs such as base pay, bonuses, benefits and payroll taxes (excluding overhead).

Per Week

Labor Costs 7,442.00$

2. Please enter the average monthly genetic costs for the existing sow farm.

Genetic costs should include genetic fees for gilts, any genetic costs billed on a per pig basis and other genetic fees.

Per Month

Genetics Cost 4,632.00$

3. Please enter the average monthly animal health costs for the existing sow farm.

Health costs should include vaccinations and treatments for gilts, sows and pigs, veterinarian fees, diagnosis and testing.

Per Month

Animal Health 11,328.00$



4. Please enter the average monthly supply costs for the existing sow farm.

This includes all general supplies, excluding health supplies (in health costs above) and excluding office supplies (in G&A later).

Per Month

Supplies 2,143.00$

5. Please enter the average monthly trucking expenses for the existing sow farm.

These should include internal movements and cull sow trucking but not gilt delivery, since those costs will be part of gilt costs.

Per Month

Trucking 548.00$

6. Please enter the following average monthly utility costs for the existing sow farm:

LP and natural gas costs are listed on an annual basis later. Please combine fuel, phone, water and other utilities together.

Per Month

Utilities-Electric 5,887.00$

Utilities-Fuel/Phone/Water/Other Utilities 2,377.00$

7. Please enter the average monthly repair and maintenance expenses for the existing sow farm:

This should only include regular repair and maintenance and not any of the remodeling costs.

Per Month

Repairs & Maintenance 5,231.00$

8. Please enter the following expenses (on an annual basis) for the existing sow farm:

Per Year

Utilities-Natural Gas/LP 12,244.00$

Real Estate Taxes 22,739.00$

Manure Removal Costs 11,432.00$

9. Please enter the annual property and liability insurance premiums for the existing sow farm.

This should not include any employee-related insurance benefits which should instead be shown in labor expenses.

Per Year

Insurance Premiums (Property & Liability) 17,465.00$

10. Please enter the following annual General & Administrative expenses for the existing sow farm:

These include all administrative expenses and non-direct expenses (overhead). If some of these expenses are also attributable

other pig operations, please allocate the appropriate general and administrative expenses to the sow farm.

Per Year

Management Fees (Third-party Fees) 5,589.00$

Management (Payroll, Benefits, Bonuses) 52,347.00$

Legal 2,138.00$

Accounting 786.00$

Consulting 1,959.00$

Conferences & Travel 863.00$

Office Supplies 423.00$

Miscellaneous Overhead 589.00$

Total General & Administrative 64,694.00$



11. Please enter the gestation and lactation feed costs per ton for the existing sow farm.

This should include the costs of grinding, mixing and delivery to the sow farm.

Per Ton

Gestation Feed - Average Cost 304.17$

Lactation Feed - Average Cost 380.79$

12. Please enter any other feed costs per week for the existing sow farm.

This may include creep feed and/or other miscellaneous feed costs.

Per Week

Other Feed Costs 126.00$

13. Please enter the semen cost per dose for the existing sow farm.

Per Dose

Semen Cost 6.93$

14. Please enter the semen transport (delivery) costs per week for the existing sow farm.

Per Week

Semen Transport 98.00$

15. Please enter the average cull sow value (per head) at your existing sow farm.

This should represent the average net cull sow value after selling costs are deducted.

Per Head

Cull Sow Value 184.00$

16. Please enter the average mature gilt cost per head for the existing sow farm.

This includes all costs (per head average) involved in getting a gilt to a breeding age.

Per Head

Replacement Gilt Costs (Mature) 264.50$

17. Please enter the average weaned pig value per head for the existing sow farm.

This is the value the weaned pig generates to the overall operation (equal to the replacement cost).

Per Head

Weaned Pig Value 39.79$

18. Please list monthly rent expenses (by lease) for the existing sow farm:

This would include a facility lease (if rented) and all equipment leases.

Per Month

Lease 1 557.00$

Lease 2 826.00$

Lease 3 389.00$

Lease 4 88.00$

Total Monthly Rent 1,860.00$

19. Please provide the operating loan terms (or possibly revolving line of credit) for the existing sow farm:

This should not include any longer-term loans (amortized loans with maturities greater than one year).

Total

Operating Loan Balance ($ Total ) 251,954$

Interest Rate (%) 5.25%



20. Please provide the loan terms for all long-term loans for the existing sow farm:

Include loan balances, years remaining(include fraction of years such as 8.25 years) and interest rates.

These are typically 3-5 year loans on the sows, equipment loans and longer-term loans on the facilities.

Long-Term Loan 1 Balance ($ Total ) 299,478.00$


Remaining Loan Amortization (Years) 5.50







Long-Term Loan 4 Balance ($ Total )

Interest Rate (%)

Remaining Loan Amortization (Years)

21. Please enter the annual other income and expenses for the existing sow farm.

This should include any income and expenses for the sow farm not included in the above entries.

Per Year

Other Income 425.00$

Other Expenses 627.00$

22. Please enter your current investment in your existing sow facility.

This represents the depreciated book value of the sow facility (total investment less accumulated depreciation).

2,217,835$

23. Please enter the remaining useful life (for depreciation purposes) for your existing sow farm facilities.

This should be a weighted average life expected for buildings, equipment, slats, feed and water systems.

Years

Remaining Useful Life of Facilities 12.0



Part III - Production Information - Converted Farm

1. Please enter the expected number of sows and gilts to be serviced per week for the converted sow farm.

This is not meant to include multiple matings -- only the total head serviced (mated) per week.

Per Week

Females Serviced 142

2. Please enter the expected average farrowing rate (%) for the converted sow farm.

Percent

Farrowing Rate 83.00%

3. Please enter the expected average pigs born alive per litter for the converted sow farm.

Per Litter

Pigs Born Alive 11.60

4. Please enter the following expected average production information (%) for the converted sow farm:

Percent

Pre-Weaning Mortality 11.50%

Sow Mortality Rate 4.20%

Cull Sow Rate 43.00%

5. Please enter the expected average number of semen doses per sow and gilt mated for the converted sow farm.

Per Mating

# Doses of Semen 2.10

6. Please enter the following expected average gestation and lactation lbs. of feed per sow per day for the converted sow farm:

For gestation feed, it is the average lbs. of gestation feed consumed per day divided by the average gestation inventory.

Per Day

Pounds of Gestation Feed per Sow 5.45

Pounds of Lactation Feed per Sow 15.00

7. Please enter the following expected average gestation and farrowing inventories for the converted sow farm:

The combination of these numbers should include the total inventoried head of sows and gilts at the sow farm.

Total

Gestation Inventory (Head) 2,215

Lactation Inventory (Head) 444

Part IV - Financial Information - Converted Farm

1. Please enter the expected weekly labor expenses for the converted sow farm (including all labor-related expenses).

This should include all direct labor costs such as base pay, bonuses, benefits and payroll taxes (excluding overhead).

Per Week

Labor Costs 6,769.00$

2. Please enter the expected average monthly genetic costs for the converted sow farm.

Genetic costs should include genetic fees for gilts, any genetic costs billed on a per pig basis and other genetic fees.

Per Month

Genetics Cost 3,828.00$

3. Please enter the expected average monthly animal health costs for the converted sow farm.

Health costs should include vaccinations and treatments for gilts, sows and pigs, veterinarian fees, diagnosis and testing.

Per Month

Animal Health 9,438.00$



4. Please enter the expected average monthly supply costs for the converted sow farm.

This includes all general supplies, excluding health supplies (in health costs above) and excluding office supplies (in G&A later).

Per Month

Supplies 1,783.00$

5. Please enter the expected average monthly trucking expenses for the converted sow farm.

These should include internal movements and cull sow trucking but not gilt delivery, since those costs will be part of gilt costs.

Per Month

Trucking 480.00$

6. Please enter the following expected average monthly utility costs for the converted sow farm:

LP and natural gas costs are listed on an annual basis later. Please combine fuel, phone, water and other utilities together.

Per Month

Utilities-Electric 5,298.00$

Utilities-Fuel/Phone/Water/Other Utilities 2,377.00$

7. Please enter the expected average monthly repair and maintenance expenses for the converted sow farm:

This should only include regular repair and maintenance and not any of the remodeling costs.

Per Month

Repairs & Maintenance 4,189.00$

8. Please enter the following expenses (on an annual basis) expected for the converted sow farm:

Per Year

Utilities-Natural Gas/LP 12,244.00$

Real Estate Taxes 24,536.00$

Manure Removal Costs 8,147.00$

9. Please enter the annual property and liability insurance premiums expected for the converted sow farm.

This should not include any employee-related insurance benefits which should instead be shown in labor expenses.

Per Year

Insurance Premiums (Property & Liability) 17,465.00$

10. Please enter the following annual General & Administrative expenses expected for the converted sow farm:

These include all administrative expenses and non-direct expenses (overhead). If some of these expenses are also attributable

other pig operations, please allocate the appropriate general and administrative expenses to the sow farm.

Per Year

Management Fees (Third-party Fees) 5,589.00$

Management (Payroll, Benefits, Bonuses) 52,347.00$

Legal 2,138.00$

Accounting 786.00$

Consulting 1,959.00$

Conferences & Travel 863.00$

Office Supplies 423.00$

Miscellaneous Overhead 589.00$

Total General & Administrative 64,694.00$



11. Please enter the expected gestation and lactation feed costs per ton for the converted sow farm.

This should include the costs of grinding, mixing and delivery to the sow farm.

Gestation Feed - Average Cost 304.17$

Lactation Feed - Average Cost 380.79$

12. Please enter any other feed costs per week expected for the converted sow farm.

This may include creep feed and/or other miscellaneous feed costs.

Per Week

Other Feed Costs 183.00$

13. Please enter the semen cost per dose expected for the converted sow farm.

Per Dose

Semen Cost 6.93$

14. Please enter the expected semen transport (delivery) costs per week for the converted sow farm.

Per Week

Semen Transport 98.00$

15. Please enter the expected average cull sow value (per head) for the converted sow farm.

This should represent the average net cull sow value after selling costs are deducted.

Per Head

Cull Sow Value 203.00$

16. Please enter the average mature gilt cost per head expected for the converted sow farm.

This includes all costs (per head average) involved in getting a gilt to a breeding age.

Per Head

Replacement Gilt Costs (Mature) 264.50$

17. Please enter the expected average weaned pig value per head for the converted sow farm.

This is the value the weaned pig generates to the overall operation (equal to the replacement cost).

Per Head

Weaned Pig Value 41.29$

18. Please list monthly rent expenses (by lease) expected for the converted sow farm:

This includes both the existing leases that will continue and any new leases resulting from the sow farm conversion.

Per Month

Lease 1 557.00$

Lease 2 826.00$

Lease 3 389.00$

Lease 4 589.00$

Total Monthly Rent 2,361.00$

19. Please provide the expected operating loan terms (or possibly revolving line of credit) for the converted sow farm:

This should not include any longer-term loans (amortized loans with maturities greater than one year).

This should include the anticipated operating loan balance and terms for the sow operation after converting the sow farm.

Total

Operating Loan Balance ($ Total ) 171,954$




20. Please provide the expected loan terms for all long-term loans for the converted sow farm:

This will include existing loans that will remain and any new or restructured long-term loans.










Long-Term Loan 4 Balance ($ Total ) 1,039,432$



21. Please enter the expected annual other income and expenses for the converted sow farm.

This should include any income and expenses for the converted sow farm not included in the above entries.

Per Year

Other Income 425.00$

Other Expenses 627.00$

22. Please enter the expected additional investment required for the sow farm conversion.

This should include labor, building materials and equipment required for the conversion. Be sure to include any extra interest

expenses and any impacts resulting from reduced production during remodeling .

Additional Investment for Conversion 1,331,550$

Total investment in Converted Sow Farm 3,549,385$

23. Please enter the expected remaining useful life (for depreciation purposes) for the converted sow farm facilities.

This should be the new weighted average life expected for buildings, equipment, slats, feed and water systems.

Years

Remaining Useful Life of Facilities 17.5

Data Entry is Complete - Please go to Cash Flow Worksheets for Results

Loan Structure

Existing Sow Farm Loan

Advance Interest 1 2 3 4 5 6

Value Rate Loan Rate Years

Operating Loan 251,954.00$ 5.25% Revolving

Interest 1,102 1,102 1,102 1,102 1,102 1,102

Long-Term Loan 1 299,478.00$ 5.00% 5.50 1 2 3 4 5 6

Interest 1,248 1,231 1,215 1,198 1,182 1,165

Principal 3,952 3,968 3,985 4,001 4,018 4,035

Total Payment 5,199 5,199 5,199 5,199 5,199 5,199

Principal Balance 299,478 295,526 291,558 287,574 283,573 279,555 275,520

Long-Term Loan 2 102,457.00$ 5.75% 6.75 1 2 3 4 5 6

Interest 491 486 481 476 471 466

Principal 1,038 1,043 1,048 1,053 1,058 1,063

Total Payment 1,529 1,529 1,529 1,529 1,529 1,529


Long-Term Loan 3 48,932.00$ 6.00% 3.25 1 2 3 4 5 6

Interest 245 239 233 227 222 216

Principal 1,139 1,145 1,151 1,157 1,162 1,168

Total Payment 1,384 1,384 1,384 1,384 1,384 1,384


Long-Term Loan 4 -$ 0.00% 1.00 1 2 3 4 5 6

Interest - - - - - -

Principal - - - - - -

Total Payment - - - - - -

Principal Balance - - - - - - -

Total Long-Term Loans

Long-Term Interest 1,983 1,956 1,929 1,902 1,874 1,847

Long-Term Principal 6,129 6,156 6,184 6,211 6,239 6,266

Total Payments 8,113 8,113 8,113 8,113 8,113 8,113

Principal Balances 444,738 438,581 432,398 426,187 419,948 413,682

Loan Structure

Existing Sow Farm

Operating Loan

Interest

Long-Term Loan 1

Interest

Principal

Total Payment

Principal Balance

Long-Term Loan 2

Interest

Principal

Total Payment

Principal Balance

Long-Term Loan 3

Interest

Principal

Total Payment

Principal Balance

Long-Term Loan 4

Interest

Principal

Total Payment

Principal Balance


Long-Term Interest

Long-Term Principal

Total Payments

Principal Balances

7 8 9 10 11 12 Annual

1,102 1,102 1,102 1,102 1,102 1,102 13,228

7 8 9 10 11 12

1,148 1,131 1,114 1,097 1,080 1,063 13,872

4,051 4,068 4,085 4,102 4,119 4,137 48,521

5,199 5,199 5,199 5,199 5,199 5,199 62,393

271,469 267,400 263,315 259,213 255,094 250,957

7 8 9 10 11 12

461 456 450 445 440 435 5,558

1,068 1,074 1,079 1,084 1,089 1,094 12,793

1,529 1,529 1,529 1,529 1,529 1,529 18,350

95,084 94,010 92,932 91,848 90,759 89,664

7 8 9 10 11 12

210 204 198 192 186 180 2,554

1,174 1,180 1,186 1,192 1,198 1,204 14,056

1,384 1,384 1,384 1,384 1,384 1,384 16,609

40,835 39,655 38,470 37,278 36,080 34,876

7 8 9 10 11 12

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - -

1,819 1,791 1,763 1,735 1,707 1,678 21,983

6,294 6,322 6,350 6,378 6,406 6,435 75,369

8,113 8,113 8,113 8,113 8,113 8,113 97,352

407,388 401,066 394,716 388,338 381,932 375,498

Loan Structure

Converted Sow Farm Loan

Advance Interest 1 2 3 4 5 6

Value Rate Loan Rate Years

Operating Loan 171,954.00$ 5.25% Revolving

Interest 752 752 752 752 752 752

Long-Term Loan 1 299,478.00$ 5.00% 5.50 1 2 3 4 5 6

Interest 1,248 1,231 1,215 1,198 1,182 1,165

Principal 3,952 3,968 3,985 4,001 4,018 4,035

Total Payment 5,199 5,199 5,199 5,199 5,199 5,199


Long-Term Loan 2 102,457.00$ 5.75% 6.75 1 2 3 4 5 6

Interest 491 486 481 476 471 466

Principal 1,038 1,043 1,048 1,053 1,058 1,063

Total Payment 1,529 1,529 1,529 1,529 1,529 1,529


Long-Term Loan 3 48,932.00$ 6.00% 3.25 1 2 3 4 5 6

Interest 245 239 233 227 222 216

Principal 1,139 1,145 1,151 1,157 1,162 1,168

Total Payment 1,384 1,384 1,384 1,384 1,384 1,384


Long-Term Loan 4 1,039,432.00$ 4.25% 12.00 1 2 3 4 5 6

Interest 3,681 3,662 3,642 3,622 3,602 3,582

Principal 5,546 5,566 5,585 5,605 5,625 5,645

Total Payment 9,227 9,227 9,227 9,227 9,227 9,227

Principal Balance 1,039,432 1,033,886 1,028,321 1,022,735 1,017,130 1,011,505 1,005,861


Long-Term Interest 5,665 5,618 5,571 5,524 5,476 5,429

Long-Term Principal 11,675 11,722 11,769 11,816 11,863 11,911

Total Payments 17,340 17,340 17,340 17,340 17,340 17,340

Principal Balances 444,738 438,581 432,398 426,187 419,948 413,682

Loan Structure

Converted Sow Farm

Operating Loan

Interest

Long-Term Loan 1

Interest

Principal

Total Payment

Principal Balance

Long-Term Loan 2

Interest

Principal

Total Payment

Principal Balance

Long-Term Loan 3

Interest

Principal

Total Payment

Principal Balance

Long-Term Loan 4

Interest

Principal

Total Payment

Principal Balance


Long-Term Interest

Long-Term Principal

Total Payments

Principal Balances

7 8 9 10 11 12 Annual

752 752 752 752 752 752 9,028

7 8 9 10 11 12

1,148 1,131 1,114 1,097 1,080 1,063 13,872

4,051 4,068 4,085 4,102 4,119 4,137 48,521

5,199 5,199 5,199 5,199 5,199 5,199 62,393

271,469 267,400 263,315 259,213 255,094 250,957

7 8 9 10 11 12

461 456 450 445 440 435 5,558

1,068 1,074 1,079 1,084 1,089 1,094 12,793

1,529 1,529 1,529 1,529 1,529 1,529 18,350

95,084 94,010 92,932 91,848 90,759 89,664

7 8 9 10 11 12

210 204 198 192 186 180 2,554

1,174 1,180 1,186 1,192 1,198 1,204 14,056

1,384 1,384 1,384 1,384 1,384 1,384 16,609

40,835 39,655 38,470 37,278 36,080 34,876

7 8 9 10 11 12

3,562 3,542 3,522 3,502 3,482 3,461 42,864

5,665 5,685 5,705 5,725 5,745 5,766 67,863

9,227 9,227 9,227 9,227 9,227 9,227 110,727

1,000,196 994,511 988,806 983,081 977,335 971,569

5,381 5,333 5,285 5,237 5,188 5,140 64,847

11,959 12,007 12,055 12,103 12,152 12,200 143,232

17,340 17,340 17,340 17,340 17,340 17,340 208,079

407,388 401,066 394,716 388,338 381,932 375,498

Sow Profit/Loss & Cash Flow Existing Existing Existing

Existing Sow Farm Annual Monthly Per Pig

Pigs Weaned (Head) 75,678 6,307

Cull Sows Sold (Head) 1,214 101

Gilts Delivered (Head) 1,342 112

Weaned Pig Value 3,011,230$ 250,936$

Net Value per Pig 39.79$ 39.79$

Net Cull Stock Sales 223,358$ 18,613$ 2.95$

Net Cull Stock Sales per Sow 184.00$ 184.00$

Replacement Gilt Expense 354,959$ 29,580$ 4.69$

Cost per Gilt 264.50$ 264.50$

Net Breeding Stock Costs 131,601$ 10,967$ 1.74$

Controllable Expenses

Feed - Gestation 757,393$ 63,116$ 10.01$

Feed - Lactation 415,407$ 34,617$ 5.49$

Feed - Other 6,552$ 546$ 0.09$

Feed - Total 1,179,352$ 98,279$ 15.58$

Production Labor & Benefits 386,984$ 32,249$ 5.11$

Genetic Fees 55,584$ 4,632$ 0.73$

Health Services & Products 135,936$ 11,328$ 1.80$

Supplies 25,716$ 2,143$ 0.34$

Vehicle/Trucking (Internal) 6,576$ 548$ 0.09$

Semen/A.I. Supplies 131,474$ 10,956$ 1.74$

Utility-Natural Gas/LP 12,244$ 1,020$ 0.16$

Utility-Electric 70,644$ 5,887$ 0.93$

Utility-Other 28,524$ 2,377$ 0.38$

Repairs & Maintenance 62,772$ 5,231$ 0.83$

Manure Management 11,432$ 953$ 0.15$

Sub-Total Controllable Expenses 2,107,238$ 175,603$ 27.84$

Fixed Expenses

Insurance-Property 17,465$ 1,455$ 0.23$

Property Taxes 22,739$ 1,895$ 0.30$

Interest Expense - Long-Term 21,983$ 1,832$ 0.29$

Sow Facility Depreciation 184,820$ 15,402$ 2.44$

Rent 22,320$ 1,860$ 0.29$

Sub-Total Fixed Expenses 269,327$ 22,444$ 3.56$

General & Administrative 64,694$ 5,391$ 0.85$

Other Income & Expenses

Interest Expense-Operating 13,872$ 1,156$ 0.18$

Other Income (Expense) (202)$ (17)$ (0.00)$

Sub-Total Other 14,074$ 1,173$ 0.19$

Net Income before Taxes 424,295$ 35,358$ 5.61$

Depreciation (184,820)$ (15,402)$ (2.44)$

Principal Payments 75,369$ 6,281$ 1.00$

Other Accrual/Cash Adjustments -$ -$ -$

Sub-Total Accrual to Cash (109,450)$ (9,121)$ (1.45)$

Net Cash Flow before Taxes 533,746$ 44,479$ 7.05$

Cash Flow Costs Per Pig 32.74$

Sow Profit/Loss & Cash Flow Converted Converted Converted

Converted Sow Farm Annual Monthly Per Pig

Pigs Weaned (Head) 62,917 5,243

Cull Sows Sold (Head) 1,143 95

Gilts Delivered (Head) 1,255 105

Weaned Pig Value 2,597,861$ 216,488$

Net Value per Pig 41.29$ 41.29$

Net Cull Stock Sales 232,104$ 19,342$ 3.69$

Net Cull Stock Sales per Sow 203.00$ 203.00$

Replacement Gilt Expense 331,960$ 27,663$ 5.28$

Cost per Gilt 264.50$ 264.50$

Net Breeding Stock Costs 99,856$ 8,321$ 1.59$


Feed - Gestation 668,279$ 55,690$ 10.62$

Feed - Lactation 461,563$ 38,464$ 7.34$

Feed - Other 9,516$ 793$ 0.15$

Feed - Total 1,139,358$ 94,947$ 18.11$

Production Labor & Benefits 351,988$ 29,332$ 5.59$

Genetic Fees 45,936$ 3,828$ 0.73$

Health Services & Products 113,256$ 9,438$ 1.80$

Supplies 21,396$ 1,783$ 0.34$

Vehicle/Trucking (Internal) 5,760$ 480$ 0.09$

Semen/A.I. Supplies 112,555$ 9,380$ 1.79$

Utility-Natural Gas/LP 12,244$ 1,020$ 0.19$

Utility-Electric 63,576$ 5,298$ 1.01$

Utility-Other 28,524$ 2,377$ 0.45$

Repairs & Maintenance 50,268$ 4,189$ 0.80$

Manure Management 8,147$ 679$ 0.13$

Sub-Total Controllable Expenses 1,953,009$ 162,751$ 31.04$

Fixed Expenses

Insurance-Property 17,465$ 1,455$ 0.28$

Property Taxes 24,536$ 2,045$ 0.39$

Interest Expense - Long-Term 64,847$ 5,404$ 1.03$

Sow Facility Depreciation 202,822$ 16,902$ 3.22$

Rent 28,332$ 2,361$ 0.45$

Sub-Total Fixed Expenses 338,002$ 28,167$ 5.37$

General & Administrative 64,694$ 5,391$ 1.03$


Interest Expense-Operating 13,872$ 1,156$ 0.22$

Other Income (Expense) (202)$ (17)$ (0.00)$

Sub-Total Other 14,074$ 1,173$ 0.22$

Net Income before Taxes 128,226$ 10,685$ 2.04$

Depreciation (202,822)$ (16,902)$ (3.22)$

Principal Payments 143,232$ 11,936$ 2.28$


Sub-Total Accrual to Cash (59,590)$ (4,966)$ (0.95)$

Net Cash Flow before Taxes 187,816$ 15,651$ 2.99$

Cash Flow Costs Per Pig 38.30$

Sow Profit/Loss & Cash Flow Existing Converted Variance

Existing & Converted Compared Annual Annual Annual

Pigs Weaned (Head) 75,678 62,917 (12,761)

Cull Sows Sold (Head) 1,214 1,143 (71)

Gilts Delivered (Head) 1,342 1,255 (87)

Weaned Pig Value 3,011,230$ 2,597,861$ (413,369)$

Net Value per Pig 39.79$ 41.29$ 1.50$

Net Cull Stock Sales 223,358$ 232,104$ 8,747$

Net Cull Stock Sales per Sow 184.00$ 203.00$ 19.00$

Replacement Gilt Expense 354,959$ 331,960$ (22,999)$

Cost per Gilt 264.50$ 264.50$ -$

Net Breeding Stock Costs 131,601$ 99,856$ (31,745)$


Feed - Gestation 757,393$ 668,279$ (89,114)$

Feed - Lactation 415,407$ 461,563$ 46,156$

Feed - Other 6,552$ 9,516$ 2,964$

Feed - Total 1,179,352$ 1,139,358$ (39,994)$

Production Labor & Benefits 386,984$ 351,988$ (34,996)$

Genetic Fees 55,584$ 45,936$ (9,648)$

Health Services & Products 135,936$ 113,256$ (22,680)$

Supplies 25,716$ 21,396$ (4,320)$

Vehicle/Trucking (Internal) 6,576$ 5,760$ (816)$

Semen/A.I. Supplies 131,474$ 112,555$ (18,919)$

Utility-Natural Gas/LP 12,244$ 12,244$ -$

Utility-Electric 70,644$ 63,576$ (7,068)$

Utility-Other 28,524$ 28,524$ -$

Repairs & Maintenance 62,772$ 50,268$ (12,504)$

Manure Management 11,432$ 8,147$ (3,285)$

Sub-Total Controllable Expenses 2,107,238$ 1,953,009$ (154,230)$

Fixed Expenses -$

Insurance-Property 17,465$ 17,465$ -$

Property Taxes 22,739$ 24,536$ 1,797$

Interest Expense - Long-Term 21,983$ 64,847$ 42,864$

Sow Facility Depreciation 184,820$ 202,822$ 18,002$

Rent 22,320$ 28,332$ 6,012$

Sub-Total Fixed Expenses 269,327$ 338,002$ 68,675$

General & Administrative 64,694$ 64,694$ -$


Interest Expense-Operating 13,872$ 13,872$ -$

Other Income (Expense) (202)$ (202)$ -$

Sub-Total Other 14,074$ 14,074$ -$

Net Income before Taxes 424,295$ 128,226$ (296,069)$

Depreciation (184,820)$ (202,822)$ (18,002)$

Principal Payments 75,369$ 143,232$ 67,863$


Sub-Total Accrual to Cash (109,450)$ (59,590)$ 49,860$

Net Cash Flow before Taxes 533,746$ 187,816$ (345,929)$

Cash Flow Costs Per Pig 32.74$ 38.30$ 5.57$

Sow Profit/Loss & Cash Flow Existing Converted Variance

Existing & Converted Compared Per Pig Per Pig

Pigs Weaned (Head) 75,678 62,917 (12,761)

Cull Sows Sold (Head) 1,214 1,143 (71)

Gilts Delivered (Head) 1,342 1,255 (87)

Weaned Pig Value

Net Value per Pig 39.79$ 41.29$ 1.50$

Net Cull Stock Sales 2.95$ 3.69$ 0.74$

Net Cull Stock Sales per Sow 184.00$ 203.00$ 19.00$

Replacement Gilt Expense 4.69$ 5.28$ 0.59$

Cost per Gilt 264.50$ 264.50$ -$

Net Breeding Stock Costs 1.74$ 1.59$ (0.15)$


Feed - Gestation 10.01$ 10.62$ 0.61$

Feed - Lactation 5.49$ 7.34$ 1.85$

Feed - Other 0.09$ 0.15$ 0.06$

Feed - Total 15.58$ 18.11$ 2.52$

Production Labor & Benefits 5.11$ 5.59$ 0.48$

Genetic Fees 0.73$ 0.73$ (0.00)$

Health Services & Products 1.80$ 1.80$ 0.00$

Supplies 0.34$ 0.34$ 0.00$

Vehicle/Trucking (Internal) 0.09$ 0.09$ 0.00$

Semen/A.I. Supplies 1.74$ 1.79$ 0.05$

Utility-Natural Gas/LP 0.16$ 0.19$ 0.03$

Utility-Electric 0.93$ 1.01$ 0.08$

Utility-Other 0.38$ 0.45$ 0.08$

Repairs & Maintenance 0.83$ 0.80$ (0.03)$

Manure Management 0.15$ 0.13$ (0.02)$

Sub-Total Controllable Expenses 27.84$ 31.04$ 3.20$

Fixed Expenses

Insurance-Property 0.23$ 0.28$ 0.05$

Property Taxes 0.30$ 0.39$ 0.09$

Interest Expense - Long-Term 0.29$ 1.03$ 0.74$

Sow Facility Depreciation 2.44$ 3.22$ 0.78$

Rent 0.29$ 0.45$ 0.16$

Sub-Total Fixed Expenses 3.56$ 5.37$ 1.81$

General & Administrative 0.85$ 1.03$ 0.17$


Interest Expense-Operating 0.18$ 0.22$ 0.04$

Other Income (Expense) (0.00)$ (0.00)$ (0.00)$

Sub-Total Other 0.19$ 0.22$ 0.04$

Net Income before Taxes 5.61$ 2.04$ (3.57)$

Depreciation (2.44)$ (3.22)$ (0.78)$

Principal Payments 1.00$ 2.28$ 1.28$


Sub-Total Accrual to Cash (1.45)$ (0.95)$ 0.50$

Net Cash Flow before Taxes 7.05$ 2.99$ (4.07)$

Cash Flow Costs Per Pig 32.74$ 38.30$ 5.57$

Documents

Part I - Production Information - Existing Farm fileSow Housing Conversion Model Existing Sow Farm Entry Worksheet Converted Sow Farm Part I - Production Information - Existing Farm