BS in Agricultural Business
The purpose of this project was to determine whether it would be feasible for Brians Dairy to convert their dairy farm into an equestrian boarding facility.
There are two major costs involved in this project, the development of the facility and the operation of the business. Once all of the costs were determined, they were entered into an Excel spreadsheet using the format of an Enterprise Budget. From the Enterprise Budget, revenues and expenses were used to develop an Investment Analysis, where a positive Net Present Value and a 30% Internal Rate of Return were discovered.
Using figures from the Enterprise Budget and the Investment Analysis, it has been concluded that converting the Brians Dairy into an equestrian boarding facility is feasible.