Preliminary
2014 Ohio Field Crop Enterprise Budgets
Barry
Ward, OSU Extension, Leader, Production Business Management,
Department of Agricultural, Environmental, and Development Economics
makes available 2014 Budgets.
Budgeting
helps guide you through your decision making process as you attempt
to commit resources to the most profitable enterprises on the farm.
Crops or Livestock? Corn, Soybeans, Wheat, Hay? We can begin to
answer these questions with well thought out budgets that include all
revenue and costs. Without some form of budgeting and some method to
track your enterprises’ progress you’ll have difficulty
determining your most profitable enterprise(s) and if you’ve met
your goals for the farm.
Budgeting
is often described as “penciling it out” before committing
resources to a plan. Ohio State University Extension has had a long
history of developing “Enterprise Budgets” that can be used as a
starting point for producers in their budgeting process.
Preliminary
Enterprise Budgets for 2014 Ohio field crops have been completed and
posted to the Farm Management Website of the Department of
Agricultural, Environmental and Development Economics. Updated
Enterprise Budgets can be viewed and downloaded from the following
website:
http://aede.osu.edu/research/osu-farm-management/enterprise-budgets
Enterprise
Budget projections updated for 2014 include: Corn-Conservation
Tillage; Soybeans-No-Till (Roundup Ready); Wheat-Conservation
Tillage, (Grain & Straw).
Our
enterprise budgets are compiled on downloadable Excel Spreadsheets
that contain macros for ease of use. Users can input their own
production and price levels to calculate their own numbers. These
Enterprise Budgets have color coded cells that allow users to plug in
numbers to easily calculate bottoms lines for different scenarios.
Detailed footnotes are included to help explain methodologies used to
obtain the budget numbers. Budgets include a date in the upper right
hand corner of the front page indicating when the last update
occurred.
For
more information, visit the Darke County OSU Extension web site at
www.darke.osu.edu, the OSU Extension Darke County Facebook page or
contact Sam Custer, at 937.548.5215.
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