By Barry Ward, Leader, Production Business Management, The Department of Agricultural, Environmental, and Development Economics
Newly updated corn, soybean and wheat enterprise budgets for 2012 have been released and were a hot item in the Farm Management Center at the farm Science Review. These enterprise budgets are compiled on downloadable Excel Spreadsheets that contain macros for ease of use. Users can input their own production and price levels to calculate their own numbers. These Enterprise Budgets have a new look with color coded cells that will enable users to plug in numbers to easily calculate bottoms lines for different scenarios. Detailed footnotes are included to help explain methodologies used to obtain the budget numbers. Starting this year we will be updating these Enterprise Budgets periodically during the year is large changes occur in price or costs. Budgets will include a date in the upper right hand corner of the front page indicating when the last update occurred.
Click on the following links to download the corresponding budgets: