©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:00 PM A+
Cow/Calf Final Exam Questions And
Answers |Latest 2025 | Guaranteed Pass
(T/F) Applicants for a Beginning Farmer Loan cannot have operated a farm or ranch for more
than 10 years. - Answer✔T
(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. - Answer✔T
(T/F) A balance scorecard addresses both short- and long-term objectives. - Answer✔T
(T/F) Bureau of Land Management leases are transferable with deeded acreage. - Answer✔T
What is the maximum total loan amount for a Beginning Farmer Operating Loan? -
Answer✔$300,000
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 - Answer✔Intermediate, current, current, long term
1|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:00 PM A+
What are 3 key financial statements used to manage finances on a ranch? - Answer✔Balance
sheet, cash flow, income statement
When valuing assets, what is the difference between cost value and market value? -
Answer✔Cost value: no inflation, depreciated
Market value: may have significant inflation built in, not affected by depreciation
What are 3 methods that can be used to acquire a ranch property? - Answer✔Inherited, marry
into, partner
What are the 6 recommended perspectives that should be included in a ranch balance
scorecard? - Answer✔Ranch lifestyle, financial, customer, ag commodities/production, natural
resources, learning and growth
What does UCOP stand for and why is it better than cost per cow? - Answer✔Unit cost of
production - combines cost of production and production level, cost per cow ignores
production
(T/F) Mature beef cows should be in a BCS of 5 at calving. - Answer✔T
(T/F) Creep feeding may reduce the forage consumed by calves. - Answer✔T
(T/F) Developing heifers should be fed to reach 85% of their mature weight at the beginning of
the breeding season. - Answer✔F (65% or BCS 6)
(T/F) Bulls should be developed to a BCS 6 at the beginning of the breeding season. - Answer✔T
(T/F) The feed efficiency of creep feeding with limit-fed soybean meal is better than with an
unrestricted corn-based feed. - Answer✔T
2|Page
Cow/Calf Final Exam Questions And
Answers |Latest 2025 | Guaranteed Pass
(T/F) Applicants for a Beginning Farmer Loan cannot have operated a farm or ranch for more
than 10 years. - Answer✔T
(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. - Answer✔T
(T/F) A balance scorecard addresses both short- and long-term objectives. - Answer✔T
(T/F) Bureau of Land Management leases are transferable with deeded acreage. - Answer✔T
What is the maximum total loan amount for a Beginning Farmer Operating Loan? -
Answer✔$300,000
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 - Answer✔Intermediate, current, current, long term
1|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:00 PM A+
What are 3 key financial statements used to manage finances on a ranch? - Answer✔Balance
sheet, cash flow, income statement
When valuing assets, what is the difference between cost value and market value? -
Answer✔Cost value: no inflation, depreciated
Market value: may have significant inflation built in, not affected by depreciation
What are 3 methods that can be used to acquire a ranch property? - Answer✔Inherited, marry
into, partner
What are the 6 recommended perspectives that should be included in a ranch balance
scorecard? - Answer✔Ranch lifestyle, financial, customer, ag commodities/production, natural
resources, learning and growth
What does UCOP stand for and why is it better than cost per cow? - Answer✔Unit cost of
production - combines cost of production and production level, cost per cow ignores
production
(T/F) Mature beef cows should be in a BCS of 5 at calving. - Answer✔T
(T/F) Creep feeding may reduce the forage consumed by calves. - Answer✔T
(T/F) Developing heifers should be fed to reach 85% of their mature weight at the beginning of
the breeding season. - Answer✔F (65% or BCS 6)
(T/F) Bulls should be developed to a BCS 6 at the beginning of the breeding season. - Answer✔T
(T/F) The feed efficiency of creep feeding with limit-fed soybean meal is better than with an
unrestricted corn-based feed. - Answer✔T
2|Page
