Economic Sustainability Tools for Agronomic Crops- NC Academy
As margins continue to tighten for crop
producers, it is even more important for producers to manage costs.
Producers are looking for tools that can help them
understand their cost of production not just on a whole farm
basis but also on a field-by-field basis. Many of the Excel tools
or other crop budgeting tools that are currently available are very
extensive and confusing. We have developed a much simpler tool that producers can utilize to show
landlords the cost of production on their farm, compare areas of a farm,
understand how changing one input can affect the bottom line, or just
develop a better marketing plan by knowing their cost of
production. A unique aspect with this tool is that inputs can be
entered on a per acre, per field, or per farm basis to make it easier
to determine cost of production based on how producers’ bills come.
This tool is designed to be more than a budgeting tool, but a spreadsheet that
can be updated throughout the year as the growing season influences
producers’ management decisions on inputs. The tool also includes
links to science and research-based resources that can be used to help make
input decisions. In addition to the cost of production tool, we’ve developed a
slide set, six case studies, and participant survey that Extension
professionals can utilize for their own extension programming.
This webinar will provide a brief overview and explanation of
the cost of production tool and other resources our team created.
This project was created as part of the 2017 North Central ANR Cropping Systems
Rebecca Vittetoe, Jason Hartschuh, Nick Baker, Ruth Beck
Created by Jason Hartschuh