This is the main page of the actual Crop Budget Estimator tool.

Crop Budget Estimator Tool (Detailed)

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February 9, 2019 Author:

The 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.

More information on how to use this tool can be found in the Crop Budget Estimator Tool factsheet.

 

Update - 6/14/19

  • Economic Profitability Net Returns and Break-Even information moved to Capital & Management tab.
  • Financial Efficiency ratios now include Operating, Depreciation, Interest, and Net Farm Income

Video Tutorials

In addition to the fact sheet, the following videos demonstrate each area of the Crop Budget Estimator, it’s uses as well as functions in the decision-making process.    

Tool Overview

Net Farm Income

Chemical Planning

Fertilizer Planning

Financing

Capital

Wrap-Up & Review

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Tags: cass county, farm management, field crops, firm budgets & cost of production cost of production tools, msu extension


Related Topic Areas

Farm Business Management


Authors

Jonathan LaPorte

Jonathan LaPorte
269-445-4438
laportej@msu.edu

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