INVENTORY
Most businesses do an annual
inventory. Some even dose down
for a day to do it Others actually
hire extra people to conduct the
inventory. More sophisticated
businesses have a constant in
ventory because they put it all on
the computer. The computer
program records all purchases and
inputs, all sales or outgoes, and a
running balance between the two.
Farm inventories are rather
unique (like most things connected
with farming including the
people). Much of the inventory has
no cost basis, just a market value.
This market value goes up and
at least on an annual basis
ana can fluctuate rather widely on
a monthly basis. However, it is still
a necessary chore if a farm
manager desires a reasonable
accurate farm analysis, balance
sheet, or true profit and loss
statement It also is very useful if
he or she wishes to do a projection,
develop budgets, or see if feed
FLEX-AUGER, caw feeding
igprcfitieaks
Put Chore-Time FLEX-AUGER® Cow
Feeding System to work boosting your income
Feeding supplement by hand wastes money two ways:
(1.) Some cows get too much, others not enough wasting feed
and hurting production. (2.) It’s time and labor spent you’d be
money ahead to put into management. Mechanize your feeding
with an inexpensive, energy-efficient Chore-Time Cow Feeding
System. Feed each cow the right amount, as many times a day
(to boost production) as you want by automatic timeclock, or by
pulling a lever.
Find out about the Chore-Time system our 10-year warranty
on auger plus the line of feed bins that outsell all others in
America because of their built-in quality and long life.
COMPLETE SYSTEMS, EQUIPMENT, SALES,
INSTALLATION, SERVICE FOR CATTLE,
HOG, POULTRY AND GRAIN
AGRI-
2754 CREEK HILL RD., LEOLA, PA 17540
PHONE: 717-656-4151
* SERVING PA, N.J. and N.Y.
supplies are in balance with
livestock needs.
When to inventory
The proper time to do an in
ventory for a farm business is not
as important as the consistency of
doing it Ideally the time would be
as dose to the end of the business
fiscal year as possible (right now
for example). Whether you do it
then or 3 months later is not as
important as doing it in the same
period of time each year. My
advice is to do your inventory now
while you have time.
What to inveatory
Some 6f your assets are
relatively stable such as land. You
do not often add or delete acres.
Others are depreciable assets so
you have a rudimentary inventory
on them. Examples of these would
be buildings and machinery.
The ones that will take the most
time and effort will be livestock
and crops. If you want to have an
accurate value for all assets you
may ignore the depreciable
EQUIPMENT,.NC.
balance on depreciation items and
value them at market.
How to inventory
Let's take each category
separately.
Grain - Measure to arrive at the
number of bushels of each type of
grain on hand. You need three
measurements of square, rec
tangular or triangular structures.
Height, length and depth in feet
will give cubic feet. Cylindrical
structures need two
measurements or use a table. Once
you get the cubic measurement,
divide by 1.25 to get bushels of
grain except for ear corn (use 2.5
for that).
Silage & Haylage - Use tables
from “Silos and Silage" handbook
which is available from your
county agent Keep each type of
silage separate. A moisture test
will help.
Hay • Count bales then weigh ten
or more random bales or weigh a
truck load to get weight per bale.
Mow measurements are nut very
accurate due to differences in bale
density and bale stacking.
Hogs • Inventory by type (sows,
gilts, boars, feeders) and size
(baby pigs to 40 lb, etc). Count the
number in each group.
Beef - Same as for bogs.
Dairy - Inventory by type (cows,
baby calves, unbred heifers, bred
heifers) by breed and by
registered or unregistered. Count
STORE HOURS:
Mon-Fri.
7:30 to 4:30
Sat. 7:30 to 11:30
Lancaster Farming, Saturday, January 15,1983—09
the number in each group. Or price
each individual animal.
Prices
Use current market prices for
ffrain, hay, and all livestock. Silage
Delmarva Pork Congress
NEWARK, Del. - The third
annual Delmarva Pork Congress
will be held Jan. 19-20 at the
Wicomico Youth and Civic Center
is Salisbury, Md.
The event gets under way
Wednesday night with a consumer
program from 7 to 9. This will
feature carcass cutting demon
strations by Jack Kling of Kling’s
Meat Inc., a cooking demon
stration on “heavenly ham" by
Delaware extension home
economist Sally Foulke, and en
tertainment by University of
Delaware agricultural editor Jerry *
Webb. Highlight of the evening will
be the awarding of prizes in the
Favorite Pork Recipe Contest.
The producer program on
Thursday, Jan. 20, will run from 9
a.m. to 4 pm- It will open with a
trade show. The morning speaker
will be Ray Washam, manager of
swine technical services in the
swine research department of the
Ralston Purina Company. He will
talk on nursery management.
The first afternoon speaker will
be Matt Parsons, Penn State
Extension swine specialist, talking
about what computers can do for
swine producers. He will be
followed by Bob Purkey, vice
For fast, reliable feeding plus ...
easy maintenance and low investment.
• High Volume • Mounts Left or
• Simplicity Plus Right Side
• Continuous-drive • One Motor—No
Plow Reversing Switches
• Installs Quickly *
"Affordable automatic feeding with Patz dependability.”^
DISTRICT MANAGER
GEORGE HEATH 472 Woodcrest Dr. Mechamcsburg, PA 17055 1
717-737-0002
Contact your nearest Patz dealer
ALEXANDRIA MARYLAND DEALERS
MAX ISENBEKG
814-669-4027
BALLY
LON6ACRE
ELECTRIC
215445-2261
BEDFORD
BENCE FARM
EQUIPMENT
814-623-3601
BELLEVILLE
MACLAY ft SON
717-935-2101
QUARRYVILLE NEW WINDSOR. M
UNICORN FARM '
CAMP HILL CFDVirr ROOP FERTILIZER
■ iruFHirii
LLOYD SULTZBAUGH JAMES E. LANDIS
717-737-4554 717-756-4158
HAMBURG
SHARTLESVILLE
FARM SERVICE
215-488-1025
is a little more difficult. A table
appeared in one of my corn
newsletters for com silage prices.
Haylage can be converted to hay if
you have a moisture test.
Jan. 19-20
president and commodity office
manager for Merrill Lynch,
speaking on market outlook and
futures marketing opportunities
for hog farmers.
Tickets for lunch cost |S and are
available through advance sale
only. They can be obtained from
any committee member or at local
county extension offices. The
meeting is open to everyone
regardless of race, color, sex,
handicap, age or national origin.
It is being sponsored by the
Delaware and Maryland Pork
Producers Associations and the
Cooperative Extension Services of
Delaware and Maryland.
LEBANON
MARVIN J. HORST HAGERSTOWN, MD
DAIRV EQUIPMENT TRI-STATE
717-272-0871 FARM AUTOMATION
301-790-3698
MMSM
S!!!! 5 ™ KENNEDYVILLE
AUTOMATION
717-437-2375
PIPERSVILLE
MOYER
FARM SERVICE
215-766-8675
TERRE HILL
TERRE MIL
SILO CO. INC.
215-445-6736
MO
FINDER SERVICE CO.
301-345-5263
LINEBORO. MD
WERTZ GARAGE, INC.
301-374-2672
STREET. MD
P&S EQUIPMENT,
INC.
301-452-8521