Pencil, paper and a calculator don’t cut it when it comes to getting top value when buying a bull, the Beef Cattle Research Council says in a new video promoting its Bull Valuation Calculator.
“It’s not so easy as doing some rough math and figuring out,” USask extension economist Kathy Larson says in the video. “There’s a process called Capital Investment Analysis that this tool does. It works back your revenues and cost of the lifespan of that bull and works it back to a present value basis.”
The calculator requires producers to enter a dozen numbers (on costs, maintenance and salvage value) to get a bull value and ‘bull cost per calf.’ The video features several producers speaking about the tool.
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The video and a link to the tool is in the Blog section of beefresearch.ca.
