Each year Figured livestock classes are updated with the latest IRD NSC values.
These values flow into the NSC formulae Figured uses to automatically calculate the correct $ per/head and total value for stock under NSC.
Stock class configuration
By default Figured splits Dairy and Beef stock classes into breeding and non-breeding sub-groups.
Each sub-group has a separate $ per/head value calculated using the appropriate formula.
You can change the stock classes within a sub-group or combine sub-groups using valuations settings.
Purchased bobby calves
Figured automatically applies the extra ‘purchased bobby calves’ value set out by the IRD to all purchased Beef and Dairy calves in the immature calculation.
To avoid this additional value from being applied, you’ll need to code calf purchases as rising 1 purchases in Figured.
Mixing herd scheme and NSC
Figured supports exceptions and changes to NSC calculations where herd scheme is used, including:
#1: Exclusion of breeding sires from intake calculations
Any purchases of breeding sires are excluded from NSC calculations where they have all been allocated to herd scheme. Breeding sire classes in Figured are breeding bulls for Dairy and Beef stock, and breeding rams for Sheep.
#2: Exclusion of herd scheme stock from inventory calculations
Mature and maturing stock on herd scheme are excluded from the opening quantity in surviving calculations.
#3: Recalculation of NSC values when only Herd scheme was used
Figured natively supports this clause (28) of the NSC determination by:
- Alerting you when we don’t have any previous NSC values to put into this year’s mature calculations:
- Allowing you to choose which value you’d like to use: one based on this year or last year:
- Applying your selection to the overall NSC calculation for mature stock.
You can elect to do nothing here; Figured will select the lower of the two options by default.