Crop Budget Estimator Factsheet
DOWNLOAD FILEJuly 7, 2021 - Author: Jonathan LaPorte, MSU Extension
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EmailThe Microsoft Excel based tool is built around key areas that producers need to consider as they plan for and continually evaluate their growing season. It combines in one place:
- Marketing Goals
- Yield Goals
- Detailed Chemical Planning
- Detailed Fertilizer Planning
- Break-Evens of:
- Net Farm Income
- Cash Flow
- Net Worth
- Economic Profitability.
The Estimator Tool is only as useful to the producer as the information that they put into it. Using their own farm records, they can build a budget that is used for Marketing decisions, comparing Chemistry and Fertilizer programs recommended by crop nutritionists and advisors, evaluating Capital Purchases (i.e. a new tractor or combine), and other important management decisions for their farm.
These management decisions are broken into four key areas:
- Net Returns
- Financial Scorecard
- Break-Evens
- Fertility Program.
