Presented as part of Ag SmartMoney Week 2023.
With:
Glennis McClure
Extension Educator and Farm & Ranch Management Analyst, University of Nebraska-Lincoln
As profit margins are projected to tighten, management risks are on the rise. Lower commodity prices and higher production costs are contributing to the increased risks.
The University of Nebraska-Lincoln’s Center for Agricultural Profitability has developed the Agricultural Budget Calculator (ABC) program to guide users in creating enterprise budgets and calculating the cost of production. ABC is a free online resource that provides analysis features useful in planning and risk management. We will discuss the basic steps in developing enterprise budgets and an overview of the analysis features built into the program. Creating ag enterprise budgets is made easy using ABC! Your budgets can be an excellent decision-making resource.