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Farm Cost and Return Tool (CaRT) Overview for Farmers and Ranchers

The Farm Cost and Return Tool (CaRT) is designed to assist beginning farmers and ranchers with financial planning by developing detailed five-year whole-farm budgets by enterprise. This user-friendly tool leverages data from the FAPRI baseline and USDA to provide valuable insights into production costs, revenues, and county-level yield estimates across various commodities such as corn, soybeans, and dairy. Ideal for both new and existing farmers, CaRT aids in understanding the financial dynamics of farming operations, helping users make informed decisions.

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Farm Cost and Return Tool (CaRT) Overview for Farmers and Ranchers

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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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