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Cow Calf Final Exam questions & answers 2023 $11.49   Add to cart

Exam (elaborations)

Cow Calf Final Exam questions & answers 2023

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  • Course
  • BQA
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Exam of 14 pages for the course BQA at BQA (Cow Calf Final Exam)

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  • October 3, 2023
  • 14
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • BQA
  • BQA
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maxiscore
Cow/Calf Final Exam
(T/F) Applicants for a Beginning Farmer Loan cannot have operated a farm or ranch for more than 10 years. - correct answer T
(T/F) The Livestock Indemnity Program provides benefits to producers that had livestock deaths in excess
of normal mortality due to extreme or abnormal damaging weather. - correct answer T
(T/F) A balance scorecard addresses both short- and long-term objectives. - correct answer T
(T/F) Bureau of Land Management leases are transferable with deeded acreage. - correct answer T
What is the maximum total loan amount for a Beginning Farmer Operating Loan? - correct answer $300,000
For each of the liabilities listed below, indicate whether they are current, intermediate, or long term.
-Feeder wagon
-Outstanding fuel bill at the local coop
-Steer calves
-30-year loan for pasture purchase - correct answer Intermediate, current, current, long term
What are 3 key financial statements used to manage finances on a ranch? - correct answer Balance sheet, cash flow, income statement
When valuing assets, what is the difference between cost value and market value? - correct answer Cost value: no inflation, depreciated
Market value: may have significant inflation built in, not affected by depreciation
What are 3 methods that can be used to acquire a ranch property? - correct answer Inherited, marry into, partner What are the 6 recommended perspectives that should be included in a ranch balance scorecard? - correct answer Ranch lifestyle, financial, customer, ag commodities/production, natural resources, learning and growth
What does UCOP stand for and why is it better than cost per cow? - correct answer Unit cost of production - combines cost of production and production level, cost per cow ignores production
(T/F) Mature beef cows should be in a BCS of 5 at calving. - correct answer T
(T/F) Creep feeding may reduce the forage consumed by calves. - correct answer T
(T/F) Developing heifers should be fed to reach 85% of their mature weight at the beginning of the breeding season. - correct answer F (65% or BCS 6)
(T/F) Bulls should be developed to a BCS 6 at the beginning of the breeding season. - correct answer T
(T/F) The feed efficiency of creep feeding with limit-fed soybean meal is better than with an unrestricted corn-based feed. - correct answer T
(T/F) If starch-based energy supplements are going to be used, they should be provided daily to beef cattle grazing poor-quality forages. - correct answer T
(T/F) Protein supplements must be provided daily to beef cattle grazing poor-quality forages - correct answer F
(T/F) Beef cattle consuming poor-quality forages can be fed starch-based energy supplements at up to 0.5% of their body weight without causing negative associative effects. - correct answer F (0.3%)
(T/F) Protein supplementation is most effective when forages are abundant, but they contain less than 7% crude protein. - correct answer T

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