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Farm Cost and Return Tool - Farm CaRT

Farm Cost and Return Tool - Farm CaRT. Peter Zimmel ( zimmelp@missouri.edu ) FAPRI at the University of Missouri ( www.fapri.missouri.edu ) . Denver , C O April 4 , 2013. Agenda. Introduction Usage Inputs Outputs. Introduction. Developed as part of BFRDP grant

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Farm Cost and Return Tool - Farm CaRT

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  1. Farm Cost and Return Tool -Farm CaRT Peter Zimmel (zimmelp@missouri.edu) FAPRI at the University of Missouri (www.fapri.missouri.edu) Denver, CO April 4, 2013

  2. Agenda • Introduction • Usage • Inputs • Outputs

  3. Introduction • Developed as part of BFRDP grant • Intended initially for beginning farmers & ranchers • Can be used by those already farming or thinking about farming • Guidance from advisory committee and participating farmers and ranchers

  4. Intoduction • Utilizes data from: • FAPRI baseline • USDA • Allows the user to develop five year, whole-farm budgets by enterprise • Includes historical and projected data • Production • Costs

  5. Usage

  6. Inputs • Commodities include: • Corn, soybeans, wheat, sorghum, barley, oats, hay, rice, cotton, peanuts, sunflower seed, sugar beets, cow/calf, and dairy • Incorporates county level yield estimates • Scale of operation • Prices • Costs • Variable and fixed

  7. Inputs

  8. Inputs

  9. Inputs

  10. Inputs

  11. Outputs • Four different budget types are available • Whole farm returns – detail • Whole farm returns – summary • Returns by commodity – total • Returns by commodity – per unit

  12. Outputs

  13. Outputs

  14. Thanks! • FAPRI-MU website: www.fapri.missouri.edu • To contact me: • 573-884-8787 • zimmelp@missouri.edu • Farm Cost and Return Tool (CaRT) • www.fapri.missouri.edu/projects

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