Budgeting for crop and livestock production is a fundamental business management practice for producers and farm managers. A sound budgeting process can help project cost of production and estimate future profits.
Join other area producers and agricultural professionals starting at 10:30 a.m., at the Norfolk Area Chamber of Commerce, 609 W. Norfolk Ave., for a workshop focused on:
- The principles for calculating cost of production and breakeven cost.
- Review Nebraska crop budgets estimating 2024 cost of production.
- Making management decisions possible with enterprise budgeting.
- The free, online UNL Agricultural Budget Calculator (ABC program) to customize enterprise budgets including risk analysis features, whole farm proforma profit and loss, and monthly cash flow. We’ll introduce the livestock module included in the ABC program.
Lunch included. Sponsored by Norfolk Area Chamber of Conference.
After lunch, there will be time for hands-on work with the ABC program. Get started using the program and/or get your questions answered if you are a current user. Bring your laptop or tablet to access the internet and start using ABC!
Workshop facilitator:
Glennis McClure, Extension Educator/Farm and Ranch Management Analyst with the University of Nebraska–Lincoln Center for Agricultural Profit (CAP). Email: gmcclure3@unl.edu .