Agricultural Budget Calculator
ABC is Ready to Use for 2021 Crop Budgets
The University of Nebraska–Lincoln's Department of Agricultural Economics and Center for Ag Profitability invites ag producers and farm managers to begin using the online Agricultural Budget Calculator (ABC) program. Using ABC current crop budgets can be created and customized by field or farm, saved, updated, and used again for future production years. The new program allows producers to estimate their cost of production based on field operations expenses, machinery, labor, and material inputs. In addition, revenue projections are included to assist users in determining projected net returns above costs.
The University of Nebraska annual crop budgets are available in the system to draw information from, with individual UNL crop budgets available for download and use in the system. A risk module has been added along with breakeven price and yield analysis reports. Additional ABC program components are planned and currently in development including whole farm expense allocations and reconciliations. A whole farm cash flow feature and the livestock enterprise budget module will be added in the coming months.
The University's crop budgets, historically available as Excel files, have always been intended as guides for producers to follow along with and to understand the cost factors that make up cash and economic cost of production. Now, technology allows users to enter their data online and produce financial reports and enterprise budgets in this new system Learning to use a program like the new Ag Budget Calculator, will assist you in customizing your farm and ranch enterprise budgets.
The ABC program link is: agbudget.unl.edu.
To create your own enterprise budgeting account, enter your email address and create a password that you can remember. Budgets that you create now and into the future will be saved in your account. There are help messages throughout the program using the question mark icon. Click on the icon to show or close the help messages.
We’re interested in user feedback, so please stay in touch as you have questions and comments about the ABC program.
The ABC program was initially funded by the Nebraska Soybean Board. Funding for this project is also provided by the North Central Extension Risk Management Education Center, the USDA National Institute of Food and Agriculture Award Number 2018-70024-28586.
Agricultural Budget Calculator Overview Video
Glennis McClure, extension educator and farm and ranch management analyst, provides an overview of ABC's interface and functionality.
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ABC Program Tutorials
2021 Crop Budgets
The current UNL Crop Budget files are available in Excel and PDF format on CropWatch. The University budgets are also available within the Ag Budget Calculator program to download into your ABC program account. After you download a budget, you can edit the information in field operations, yearly rates and prices, and the materials and services input section to calculate your projected expenses. And ABC includes a revenue section. Entering estimated revenue into the program evaluates net returns above costs for the crop year.