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10
Aug
2017
Whole farm analysis with crop enterprise budgets – August 2017
Author: Archie Flanders, Extension Economist

By Archie Flanders, Agricultural Economist

Whole farm budget analysis is an extended application of crop enterprise budget methodology.

Crop enterprise budgets with per acre costs and returns are expanded to a whole farm analysis by applying county-level aggregate yield data to represent a case study farm. Results for the case study farm with 2,800 acres of corn, soybeans, and rice are $1,024,487 of current production expenses and an additional $232,505 of long-term debt obligations for machinery and equipment. Total annual farm expenses are $1,437,270. Deducting $66,582 as value of operator management and family living expenses results is net equity loss of $43,415. Without receipts from PLC and ARC payments, total equity losses would increase to $110,581.

More information: Whole Farm Analysis – August 2017

 


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