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Farm Products Purchasing Agent

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AVG. SALARY

$64,970

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Decreasing

Real-Life Activities

Real-Life Math

Mark Canart owns and runs a cattle-buying company. He uses math constantly to calculate the sales value of animals, his commission and his budget among other things.

"[Math skills] are fairly important," he says. One reason is that the Canadian and American livestock markets are closely integrated. You must be able to calculate the exchange, says Canart.

An average steer weighs 850 pounds. They are worth $0.81 per pound.

Freight costs are $2.50 Cdn for every 100 pounds of steer that you ship. Plus, every time livestock crosses the border, it must have the proper vaccination documents. That costs you $0.50 Cdn for every 100 pounds of steer.

Plus, you have to take into account the other costs associated with an animal -- the land you needed for grazing, the feed you had to buy for it, and more. This cost comes to $103 Cdn per 100 pounds of steer.

Calculate your profit in Canadian currency if you are selling 1,000 steers from Canada to the U.S.

Remember:
$1 Cdn = $0.75 US

Contact

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  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.