Budgets & Cost of Production
Knowing how an industry is performing is keen to understanding how one’s own business is performing. To make these comparisons, the FIRM team plays a major role in collecting and analyzing economic data from agricultural businesses. This data is summarized and published in reports, many on annual basis. Examples of Extension/research reports include the economic summaries of the major farming types in Michigan (e.g., dairy, cash crops, fruit, swine, and cattle feeding), trends in farmland values and leasing rates, current custom-hire rates, enterprise budgets, and other timely economic reports.
Cost Reports
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Custom Machine Work Costs
Published on December 18, 2023
Custom Machine Work Rates for 2023 -
Nitrogen Fertilizer Cost Comparison Table
Published on January 23, 2022
Table of nitrogen fertilizer values and cost per acre at different rates. -
Michigan Land Values and Leasing Rates
Published on September 1, 2018
2018 Michigan Land Values and Leasing Rates
Cost of Production Tools
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MSU Cash Flow Estimator
Published on March 14, 2022
The MSU Cash Flow Estimator is intended to help farm managers create a cash flow projection for their business. -
Livestock Budget Estimator Swine Contract Grower (Simple)
Published on August 17, 2021
A budget decision tool for swine producers who operate as contract growers. -
Livestock Budget Estimator Swine (Simple)
Published on August 17, 2021
A budget planning and decision tool for swine producers. -
Livestock Budget Estimator Dairy (Simple)
Published on August 14, 2021
A farm budget decision tool designed for dairy farmers. -
Livestock Budget Estimator Beef (Simple)
Published on August 14, 2021
A farm budget decision tool for beef producers. -
Crop Budget Estimator (All Crops)
Published on August 4, 2021
Crop budget estimator tool that allows budgeting development for any crop intended to be raised. -
Crop Budget Estimator Tool for Grains (Detailed)
Published on March 29, 2021
This is the detailed version of the Crop Budget Estimator Tool. This tool allows more in-depth analysis and budget construction. -
Crop Budget Estimator Tool for Forages (Simple)
Published on February 22, 2021
This is the simple version of the Crop Budget Estimator Tool for Forages. This tool allows users to develop a quick crop budget using reasonably estimated figures. -
Crop Budget Estimator Tool for Grains (Simple)
Published on February 22, 2021
This is the simple version of the Crop Budget Estimator Tool. This tool allows users to develop a quick crop budget using reasonably estimated figures. -
Crop Budget Estimator Tool for Forages (Detailed)
Published on December 17, 2020
This is the detailed version of the Crop Budget Estimator Tool for Forages. This tool allows more in-depth analysis and budget construction. -
Cow-calf enterprise budget tool
Published on January 29, 2020
This excel tool helps cow-calf producers forecast their economic profitability. The tool will help users better understand their revenue, variable and fixed costs, and ultimately profitability. -
Feedlot enterprise budget tool
Published on December 18, 2019
MSU Extension provides a tool for users to use to add up their feedlot enterprise budget. -
Feedlot Enterprise Economics
Published on December 18, 2019
MSU Extension provides an opportunity for users to learn and use a feedlot enterprise budget tool, that is designed to make life simpler. -
Crop Farm Cost of Production and Breakeven Analysis
Published on February 1, 2014
Cost of production break-even worksheet -
Greenhouse Cost of Production Spreadsheet
Published on January 5, 2012
This work sheet is designed to assist the manager/owner in developing estimated cost for their greenhouse business. -
Nursery Cost of Production Calculator (25 Crops)
Published on March 1, 2009
This calculator is designed to assist the manager/owner in developing estimated cost for their nursery business. This also includes links to 50 and 100 crop calculators.