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Livestock Budget Estimator Dairy (Simple)

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August 14, 2021 - Author: ,

The Livestock Budget Estimator tool for Dairy producers is designed to assist with budget planning for your beef operation.  It is a Microsoft Excel based tool built around key areas that producers need to consider as they plan for and continually evaluate their production season. It combines in one place:

  • Marketing Goals
  • Milk Production Goals
  • Break-Evens of:
    • Net Farm Income
    • Cash Flow

Also available within the tool are comparisons to other dairy farms based on financial data obtained from the FINBIN database.  FINBIN is one of the largest and most accessible sources of farm financial and production benchmark information.  Farm financial data was collected from Minnesota, Wisconsin, and Michigan.  These farm financials provide an opportunity to determine similarities, areas of strength, and potential areas of improvement for your farm business. 

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Tags: agriculture, beginning farmer, dairy, farm management, firm budgets & cost of production cost of production tools, livestock, msu extension


Authors

Jonathan LaPorte

Jonathan LaPorte
laportej@msu.edu

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