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MSU Extension Releases New Crop Budgeting Tool

Michigan State University Extension — MSU planning tools help make well-informed decisions, a critical part of succeeding in today’s farm economy.

Planning tools can be helpful for improving profitability, productivity, and minimizing potential risks to your farm business. MSU Extension offers a variety of planning tools, including various Crop Budget Estimators. These Microsoft Excel-based tools have previously been offered in versions for grain or forage crops. Now a new version offers planning assistance for all crops. 

Whether you raise fruits, vegetables, or small grains, the new “all crops” version offers a starting point for your budget planning needs. It highlights key decision areas to consider as you plan for and evaluate your growing season. It also uses your own farm records in the planning process. This includes marketing and yield goals as well as cost of production break-evens.  

Additional features seen in other versions are also available in the “all crop” tool. A fertilizer calculator can assist in creating your nutrient cost estimates. If crop rotation is a part of your plan, the optimization tool will help you determine the best crop mix to maximize profitability. To check out the new “all crops” version of the Crop Budget Estimator, visit: https://www.canr.msu.edu/resources/crop-budget-estimator-all-crops

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