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