Budgets & Cost of Production

Knowing how an industry is performing is keen to understanding how one’s own business is performing. To make these comparisons, the FIRM team plays a major role in collecting and analyzing economic data from agricultural businesses. This data is summarized and published in reports, many on annual basis. Examples of Extension/research reports include the economic summaries of the major farming types in Michigan (e.g., dairy, cash crops, fruit, swine, and cattle feeding), trends in farmland values and leasing rates, current custom-hire rates, enterprise budgets, and other timely economic reports.

Cost Reports

Cost of Production Tools

  • Crop Budget Estimator Tool (Simple)

    Published on February 9, 2019

    This is the simple version of the Crop Budget Estimator Tool. This tool allows users to develop a quick crop budget using reasonably estimated figures.

  • Crop Budget Estimator Tool (Detailed)

    Published on February 9, 2019

    This is the detailed version of the Crop Budget Estimator Tool. This tool allows more in-depth analysis and budget construction.

  • Nursery Cost of Production Calculator (25 Crops)

    Published on March 2, 2009

    This calculator is designed to assist the manager/owner in developing estimated cost for their nursery business. This also includes links to 50 and 100 crop calculators.

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