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The “FeedSmart” extension programme, focused on improved feed planning for sheep and beef farmers includes two computer models to assist with decision making. The Cost of Pasture model requires the user to input a farm income and cost structure, and a pasture growth curve. It calculates the costs of growing pasture on a dry matter (DM) basis. Cost of capital is included in the calculations and return on capital is also calculated. The Cost of Supplements model provides a simple sequence of steps to calculate the returns from feeding supplements at a given purchase price. All costs and wastage items are incorporated and technical tool tips are provided to assist the model user. Model results showed that in terms of growing pasture on New Zealand sheep and beef farms the cost of pasture was, on average, 3.3 cents/kg DM in 2006/07, excluding the cost of capital. When costs of capital, excluding stock, were included at an 8% interest rate, the cost was 12 c/kg DM. For supplementation, breakeven profitability in a cattle example was achieved at a schedule price of 400 c/kg carcass weight, if the supplement could be fed for 27 c/ kg DM. Nitrogen fertiliser falls under this limit.

The FeedSmart "Cost of Supplements and Cost of Pasture" models