Stock value: the money worth of your animals
Stock value is what the animals on a farm are worth in money on a given date, usually worked out from head count, age, weight and market price. It is an asset on the balance sheet; only sales and purchases move cash through the accounts.
How is stock value worked out in a farm budget?
Stock value is the number of animals in each group multiplied by an estimated value per head. That value can come from live weight at the market price, from the purchase price or from a book value. You state it on a set date and its changes show in the farm accounts, while cash moves only when an animal is bought or sold. Use the same valuation method every year so the trend in stock value stays comparable.
Questions from the farm
Is stock value income?
No. Stock value is an asset on the balance sheet; only sales and purchases move cash through the accounts.
How HerdMobile helps
Bring your animals, feed stocks and farm accounts together on your Android phone. HerdMobile keeps your daily work moving offline: record events, compare feed quantities and follow sales and payments in one place. Use your own feeds and herd information to prepare a ration, then keep a backup file under your control.
HerdMobile keeps each animal's status, weight and purchase or sale in one place, so the head count you value comes from your own farm records.
