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COW CALF FINAL EXAM 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR
GRADES.
1. (T/F) Applicants for a Beginning Farmer Loan cannot have operated a
farm or ranch for more than 10 years. - correct answer - T
2. (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
3. (T/F) A balance scorecard addresses both short- and long-term
objectives. - correct answer - T
4. (T/F) Bureau of Land Management leases are transferable with deeded
acreage. - correct answer - T
5. What is the maximum total loan amount for a Beginning Farmer
Operating Loan? - correct answer - $300,000
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6. 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
7. What are 3 key financial statements used to manage finances on a
ranch? - correct answer - Balance sheet, cash flow, income statement
8. 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
9. What are 3 methods that can be used to acquire a ranch property? -
correct answer - Inherited, marry into, partner
10. 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
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11. 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
12. (T/F) Mature beef cows should be in a BCS of 5 at calving. - correct
answer - T
13. (T/F) Creep feeding may reduce the forage consumed by calves. -
correct answer - T
14. (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)
15. (T/F) Bulls should be developed to a BCS 6 at the beginning of the
breeding season. - correct answer - T
16. (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
17. (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
COW CALF FINAL EXAM 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR
GRADES.
1. (T/F) Applicants for a Beginning Farmer Loan cannot have operated a
farm or ranch for more than 10 years. - correct answer - T
2. (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
3. (T/F) A balance scorecard addresses both short- and long-term
objectives. - correct answer - T
4. (T/F) Bureau of Land Management leases are transferable with deeded
acreage. - correct answer - T
5. What is the maximum total loan amount for a Beginning Farmer
Operating Loan? - correct answer - $300,000
, Page |2
6. 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
7. What are 3 key financial statements used to manage finances on a
ranch? - correct answer - Balance sheet, cash flow, income statement
8. 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
9. What are 3 methods that can be used to acquire a ranch property? -
correct answer - Inherited, marry into, partner
10. 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
, Page |3
11. 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
12. (T/F) Mature beef cows should be in a BCS of 5 at calving. - correct
answer - T
13. (T/F) Creep feeding may reduce the forage consumed by calves. -
correct answer - T
14. (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)
15. (T/F) Bulls should be developed to a BCS 6 at the beginning of the
breeding season. - correct answer - T
16. (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
17. (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
