Enterprise budgets estimate profitability for agricultural enterprises while documenting management practices and the resources and technology used. OSU's Microsoft Excel budget spreadsheets provide users access to important agricultural science information during an "interactive" budget building process.
OSU Enterprise Budgets contain estimates of production costs and returns based on the current and/or expected economic environment as well as the management practices typical of an area. A one-page budget report summarizes key production items and prices, operating and fixed costs, plus break-even prices and yields (see report examples). Additional supporting reports such as specified fertilization or feeding practices may also be created and printed using the software package.
The budgets incorporate historical data and specialist recommendations while allowing modification by the user. Examples of historical data include area yields and average prices. Examples of specialist recommendations include fertilizer requirements for specified forage or grain yields. Hyperlinks to Internet databases and references point users to additional information.
Business management requires that producers focus on financial management as much as production performance. Budget planning requires time, but can pay major dividends by identifying current or potential problems and helping find ways to solve them. Successful managers discover that life is much easier saving money with OSU Enterprise Budget Software.
OSU Enterprise Budgets have been updated for several crops including the fall planted commodities to be harvested in 2022. For several commodities, the user is allowed a choice of current year market price estimates instead of defaults based on historical averages. These short-run price projections are based on futures prices plus other information. Historical defaults can still be a reliable indicator of price levels over the longer term.
Enterprise Budget Software is updated annually and includes the following traditional crop and livestock commodities:
- Annual Forages
- Grain Sorghum
- Meat Goats
- Stocker Goats
- Corn Silage
- Perennial Forages
Horticulture budgets include:
- Improved Pecans
- Native Pecans
Enterprise Budget Access
- OSU Enterprise Budget Software – OSU Personnel with Ag Extension Appointment Only
- Sample Budgets – Free Cost and Return Summaries
- Interested to purchase OSU Enterprise Budget Software?
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