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Financial Management

Publications

The consequence of using ambiguous terms.

Partial budgeting is a planning and decision-making framework farm business owners can use to compare the costs and benefits of alternatives they face. It allows producers to get a better handle on how a decision will affect the profitability of the business enterprise and the farm itself. This publication explains how to use partial budgeting and explains its benefits in making farm business decisions.

Choosing a pricing objective and associated strategy is an important function of the business owner and an integral part of the business plan or planning process. This publication will describe the many pricing objectives that business owners may use. Once a pricing objective has been chosen, a pricing strategy that meets the pricing objective must also be selected.

Cost and Budget Calculators - Agronomic Crops

Calculator tools to help you estimate costs and manage budgets

The Agricultural Cost of Capital Calculator is an easy to use and flexible tool for comparing short-term (trade credit, credit cards), intermediate term (machinery and equipment purchases), and long-term (real estate investments) financing alternatives.

This spreadsheet is designed to help buyers and sellers to calculate a price range for trading corn silage. It compares the return which the grower would get for selling dry shelled corn with the buyer's in-bunk feed value adjusted for harvesting, hauling, and ensiling costs.

Microsoft Excel, 58.4 kB

Enterprise budget, breakeven tables, and pricing for corn grain and corn silage. You will need to enable macros when using this tool.

Microsoft Excel, 211.0 kB

Estimate and compare the costs of three manure hauling alternatives. You will need to enable macros when using this tool.

Interactive PDF budgets for various agronomic crops.

Cost and Budget Calculators - Tree Fruit

Calculator tools to help you estimate costs and manage budgets
Microsoft Excel, 135.5 kB

This Excel Workbook enables orchardists and vigerons to prepare a cash flow budget for a period of up to eight years. Projections are based upon each users enterprise budgets, production plans, and investment and loan strategies. It facilitates evaluating alternatives in strategic plans and preparation of financial information for business planning

The Agricultural Cost of Capital Calculator is an easy to use and flexible tool for comparing short-term (trade credit, credit cards), intermediate term (machinery and equipment purchases), and long-term (real estate investments) financing alternatives.

These PDF budgets may be used to calculate pro-forma or year-end actual budgets for many tree fruit enterprises.

Topics

Farm Analysis Solutions Tools (FAST) is from the University of Illinois. These tools are a suite of Microsoft Excel spreadsheets designed to assist those in agriculture make better decisions via user-friendly computer programs. FAST aids users in performing financial analysis, assessing investment decisions, and evaluating the impacts of various management decisions.

In this video, we define accrual basis as a method of recording income and expenses, in which each item is reported as earned or incurred, without regard as to when actual payments are received or made. We will then discuss the adjustments to cash receipts and disbursements to arrive to accrual-adjusted net income.