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More on the Resource Inventory

More on the Resource Inventory. Completing Table 10 . Resource Restrictions in the Farm Plan. Crop acreage Pasture acreage Labor hours available by period Other restrictions also possible. Table 4 Supplies Some Information . Cropland = 200 + 100 = 300 acres. Pasture = 120 acres

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More on the Resource Inventory

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  1. More on the Resource Inventory Completing Table 10

  2. Resource Restrictions in the Farm Plan • Crop acreage • Pasture acreage • Labor hours available by period • Other restrictions also possible

  3. Table 4 Supplies Some Information Cropland = 200 + 100 = 300 acres. Pasture = 120 acres Hay = 75 acres. These are RHS values for LP

  4. Labor Information Included in the original data is some information on labor on the farm.

  5. Labor Resources, Table 10 Basic table outline.

  6. Labor Resources, Table 10 Each full-time year-round person is 12 month's equivalent. Each part-time person is proportionately less. 1/2 time is 6 months equivalent.

  7. Full-Time Equivalents To find FTE's, total the month's equivalents and divide by 12. 12 + 0.5 + 6 = 18.5 18.5/12 = 1.54 You have 1.54 FTE's each month, plus the seasonal labor, if any.

  8. Labor Resources, Table 10

  9. The Rest of Table 10 Use a minimum of 6 labor periods per year (2 month each) in the farm plan. You can use 12 (monthly) periods if you prefer. Each two month period has 8 2/3 weeks (52/6). Using two decimal places, that is between 8.66 and 8.67 weeks per period.

  10. How many weeks in two months? There are 52 weeks in a year. There are 6 two-month periods. Hence the number of weeks in a two-month period is 52/6 = 8.66666666

  11. Rounding Off If we take 8.67 weeks per period for four periods and 8.66 weeks per period for two periods, our total will exactly equal 52.

  12. How Many Hours Per Week? How many hours does each FTE (full-time equivalent) work per week? You can use somewhere between 35 and 60. For my farm, I decided that people worked longer during hours each week during the busier times.

  13. Labor Availability, Continued For each period, multiply the number of FTEs times the number of weeks in the period times the hours per FTE per week. Add seasonal labor, if there is any that period.

  14. Table 10 a Set two periods equal to 8.66 weeks and the rest to 8.67 weeks to make the total add to 52 weeks exactly.

  15. Another Example for Table 10

  16. You decide how many hours per week is normal for an FTE in each period. There is no "correct" answer.

  17. Labor Available by Period The figures you calculate in table 10a are the RHS values for your labor restrictions in the LP.

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