Profitability in goat production

Overview

Profitability is the key to successful commercial goat enterprises.

This eLearning package provides information for commercial goat producers on the importance of understanding profitability, the role profit plays in determining the long-term economic sustainability of commercial goat enterprises, and how to calculate and influence your cost of production.

Learning objectives

After completing this package, users will:

Understand the role of profit in a commercial business.
Understand how to calculate an enterprise’s gross margins.
Understand how to calculate an enterprise’s cost of production.
Be familiar with MLA’s Cost of Production calculator.
Understand the record-keeping that is critical to achieving a meaningful analysis.

Training package Content

Introduction

Introduction 1 quiz

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Item Content

Introductory survey – Profitability in goat production

Profitable goat production

Profit underpins good business

Calculating profit

Profitability

Cost of production

How to use the MLA COP Calculator

Analysing an enterprise

Summary

Summary 1 quiz

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Item Content

Wrap up survey – Profitability in goat production

About Instructor

Meat & Livestock Australia

MLA’s purpose is to foster the long-term prosperity of the Australian red meat and livestock industry by investing in research and marketing activities. Through it's subsidiary companies, MLA also accelerates innovation across the value chain and delivers the industry’s integrity and on-farm quality assurance programs. Care is taken to ensure the accuracy of the information contained in all eLearning modules. However, MLA cannot accept responsibility for the accuracy or completeness of the information or opinions contained in the training packages. You should make your own enquiries before making decisions concerning your interests. MLA accepts no liability for any losses incurred if you rely solely on this material and excludes all liability as a result of reliance by any person on such information or advice. Apart from any use permitted under the Copyright Act 1968, all rights are expressly reserved. Requests for further authorisation should be directed to the Content Manager, PO Box 1961, North Sydney, NSW 2059 or info@mla.com.au. © Meat & Livestock Australia 2020 ABN 39 081 678 364. MLA acknowledges the matching funds provided by the Australian Government to support the research and development detailed in this eLearning module.

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