With: Glennis McClure, Farm and Ranch Management Analyst, UNL
Newly published 2023 Nebraska Crop Budgets will be presented, along with a discussion of their potential uses and how producers and farm managers can create enterprise budgets using the UNL budgets as a guide. We’ll view estimated cash and economic costs, potential margins, along with yield and price breakeven figures and additional enterprise budget uses.
With the 2023 enterprise budgets available to download in the Agricultural Budget Calculator (ABC) program, any of the budgets can be modified to fit individual farm or field situations. We’ll highlight the analysis features built into the program, including a risk module where price and yield risk exposure scenarios can be calculated at various levels of crop insurance coverage.