FEED BUDGETING : AN AID TO PROFITABLE MANAGEMENT

Abstract

The challenge to management in producing milk, meat and wool profitably from pasture is briefly described and the role of various management manipulations of feed and stock in meeting this challenge is discussed. Feed budgeting is helpful in the making of decisions about some of these manipulations. The construction of a management feed budget is described, two examples are given of its use, and the implications of possible inaccuracies in the data used in feed budgeting are discussed.