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News
New
Spreadsheet
Helps Producers Evaluate Economics of Increasing Weaning Age
Posted 2 March
2010
Pork producers interested in learning how their finances could be
affected by changing the weaning age will want to investigate a new
spreadsheet available from the Iowa Pork Industry Center (IPIC) at Iowa
State University (ISU.)
Developed by Derald Holtkamp of the ISU College of Veterinary
Medicine’s Veterinary Diagnostic and Production Animal Medicine, this
free spreadsheet helps producers evaluate effects of increasing weaning
age, including how their breeding inventory must change.
“This is a breed-to-finish production and budgeting spreadsheet that
evaluates both the costs and benefits of these changes,” Holtkamp said.
“It also assists producers in determining how much their inventory must
change for alternative weaning ages to ensure the farrowing capacity of
a farm is not exceeded.”
Holtkamp said the spreadsheet is easy to use and understand. Users
enter operation-specific production and financial information to
develop a baseline, and can evaluate alternative breeding herd
inventories and weaning ages for up to four scenarios. Total annual
profit for the operation is the preferred economic outcome to evaluate
the scenarios relative to the baseline.
“Alternative market hog prices and diet costs may be entered,” Holtkamp
said, “By doing this a producer can see if the profit increases or
decreases as these parameters change while increasing weaning age.”
The “Evaluation of Weaning Age Calculator” is available at no charge in
Excel® 2003 and Excel® 2007 versions. Both are available by
completing a registration form on the IPIC Web site. Go to http://www.ipic.iastate.edu/software.html
and select "Spreadsheets.” Then choose the appropriate registration
link for the version of the spreadsheet.
You must have Excel® 2007 installed on your computer to use the
2007 version of the spreadsheet. If you are not sure which version of
Excel® is installed on your computer, choose the Excel® 2003
version of the spreadsheet. It will work if you have either Excel®
2003 or Excel® 2007 installed.
Since the spreadsheet was first made available in mid-January,
producers from 13 U.S. states, three Canadian provinces and a half
dozen other countries have requested and received the spreadsheets.
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