Budgets and Benchmarks

The enterprise budget is a means to analyze the profitability of a particular enterprise. Basic spreadsheets for dairy, livestock, field crops, pasture, commercial and fresh market vegetables, allow a user to view an example budget, and/or enter their own farm numbers

Benchmarks allow a producer to measure their production or financial performance against others of similar management or scale.

Dairy Enterprise Budgets
This enterprise budget is a means to analyze the profitability of a particular enterprise. This enterprise budget is intended to analyze a dairy budget, per cow over three levels of production. It includes a machinery and building cost calculator, feed cost calculator and sensitivity analysis.

Dairy Sheep Enterprise Budget
The UW Center for Integrated Agriculture spreadsheet to help farmers make financial and management decisions about new or existing dairy sheep enterprises.  It is applicable to most kinds and sizes of enterprises.

Dairy Goat Enterprise Budget
The UW Center for Integrated Agriculture spreadsheet to help farmers make financial and management decisions about new or existing dairy goat enterprises.  It is applicable to most kinds and sizes of enterprises.

WI Dairy Farm Ratio Benchmarking Tool
Compares dairy farm’s financial status with +500 dairy farms in the State of Wisconsin. Data is from the AgFA (Agriculture Financial Advisor) database: 2000-2008. Calculates 15 Financial measures. REQUIRES: Excel 2007.

2020 Crop Budget-Analyzer 04-08-20
The 2020 Crop Budget Analyzer reflects updates to crop production inputs for corn, soybean, alfalfa, an small grains) including fertilizer, pesticide products and application, and (custom rates reflected in the 2017 Custom Rate Guide). Updates completed April 8, 2020.

Wisconsin Custom Rate Guide
The Wisconsin Custom Rate Guide is the result of a mail survey collected rates paid by farmers for custom work performed in 2017.  The figures are based on reports by farmers who hired custom work, custom operators and farmers who performed custom work, and machinery dealers who rented out equipment.  There were 707 reports completed.  The report was released in March of 2018.  Data is compiled by the USDA’s National Agriculture Statistics Service (NASS), Wisconsin Field Office in cooperation with the Wisconsin Department of Agriculture, the University of Wisconsin-Madison, Division of Extension.

Whole Farm Profit Management tools
The Compass Tools are free downloadable spreadsheets created at the Center for Integrated Agricultural Systems, University of Wisconsin-Madison. These tools help farmers actively manage for increased farm profits by helping them understand their cost of production, by product and by market channel. This enables farmers to make strategic decisions to adjust prices, reduce costs, shift market channel focus, reduce or drop unprofitable products, and expand production of their most profitable ventures.

Pasture budgets 

Spreadsheets allow farms to compare their costs to an example farm budget for established pasture and pasture establishment, with round bales, or wrapped round bales. The budget includes sensitivity analysis and machinery expenses.

Calving of Beef Cows

Holstein Steers

FINBIN
A source for farm financial and production benchmark information, detailed reports on whole farm, crop, and livestock financials.

FINBIN is one of the largest and most accessible sources of farm financial and production benchmark information in the world. FINBIN places detailed reports on whole farm, crop, and livestock financials at your fingertips.

Fresh market vegetable returns can vary, sometimes considerably, by region, farm, and marketing situation. These budgets are best used as a “side-by-side” comparison tool to analyze financial costs and benefits for producing different fresh market vegetables.

Since there is no estimate of business overhead included in the budgets, users of the budgets should consider the expenses for office supplies, telephones, accounting, legal fees, business trips, income taxes, and liability insurance.

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