Financial valuation and growth performance of cattle through diverse feeding formula and practices in Caraga region, Philippines
Paper Details
Financial valuation and growth performance of cattle through diverse feeding formula and practices in Caraga region, Philippines
Abstract
This study was conducted to determine the financial valuation and growth performance of cattle through diverse feeding formulas and practices through measures of profitability. Forty-five (45) yearling animals composed of Philippine native, crossbreed (native × brahman), and brahman breeds of cattle were subjected with different treatment combinations through commercial feeding practices, conventional feeding, organic feeding, and good agricultural practices with fifteen (15) heads of cattle per treatment within six months of feeding as fattening period. Results showed that commercial feeding methods have significant differences in terms of average body weight gain (145.90kg) and feed efficiency (51.98). On the other hand, financial valuation through a cost benefit analysis revealed that commercial feeding ration has the highest in terms of net present values (PHP 809,200.57), income statement (PHP 172,480.58), and internal rate of return (86%). This is due to complete and balanced nutritional requirements that beef up the growth performance and feed efficiency which lead to better financial benefits as compared to other feeding methods or practices, thus commercial feeding is recommended.
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