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

Crop Budget Estimator Tool for Grains (Simple)

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February 9, 2019 - Author: ,

This simple version of the Microsoft Excel based tool is also 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
  • Break-Evens of:
    • Net Farm Income
    • Cash Flow
    • Net Worth

The tool also aids in many management decisions, which are broken into four key areas:

  • Net Returns
  • Financial Scorecard
  • Break-Evens
  • Fertility Needs (based on yield goals).

 

For those looking for an expanded analysis, producers can also use the "Detailed" version of the Crop Budget Estimator Tool.  In this more in-depth tool, users can use information from their own farm records to build a budget that is used for Marketing decisions, comparing Chemistry and Fertilizer programs recommended by crop nutritionists and advisors, evaluate Capital Purchases (i.e. a new tractor or combine), and other important management decisions for their farm.

 

Update - 11-4-19

Optimization Tool - Using the budgets created in the estimator, the optimization tool will determine what combination of acres returns the highest profitability.

  • Producers define:
    • Maximum total operating costs
    • Minimum acres of corn, soybeans, and wheat to be planted (for maintaining rotational needs)
    • Total number of acres to be planted

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Tags: budget, excel tool, farm, firm budgets & cost of production cost of production tools


Related Topic Areas

Perennial Grains, Small Grains, Farm Management


Authors

Jonathan LaPorte

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


For more information visit:

MSU Extension

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