Real Ag Stock
The University of Nebraska-Lincoln’s Center for Agricultural Profitability has scheduled a series of virtual training workshops for its online Agricultural Budget Calculator tool, to be held during March and April.
The Agricultural Budget Calculator (ABC) is a free enterprise budgeting and decision-making tool that is designed to assist agricultural producers in determining their cost of production and projected cash and economic returns for various farm or ranch enterprises.
Glennis McClure, an extension educator and farm and ranch management analyst with the Center for Agricultural Profitability, said that knowing cost of production is even more critical now, with projected tighter margins projected for 2024. “Estimating your cost of production can assist in making important management decisions now and throughout the production and marketing year,” she said.
McClure, who works closely with the ABC tool and university commodity budgets, will facilitate the workshops. She will demonstrate the program’s features and teach participants how to use the program.
Workshop topics will include downloading and using university crop budgets as a guide; how to create customized crop budgets for owned and rented farms; entering revenue, overhead costs, field operations and material inputs to determine costs on a per-field basis; creating a monthly cash flow using the program and run “what-if” scenarios in the analysis section of ABC, and more.
Additional question-and-answer sessions are also being offered. During these scheduled times, McClure will be available on Zoom to answer questions and further assist users with the program.
The workshops are free to attend, but registration is required. For more about the Agricultural Budget Calculator, and to register for a virtual workshop, visit https://cap.unl.edu/abc/training. The schedule there will be updated as more dates are added.
ABC Overview and Whole Farm Features, plus Cash Flow User Workshop schedule:
- March 6 at 9:30 a.m. CT
- March 15 at 11:30 a.m. CT
- March 26 at 6 p.m. CT
ABC Q&A sessions schedule:
- March 11 at 12:30 p.m. CT
- March 19 at 9 a.m. CT
- April 3 at 12:30 p.m. CT