Get the free Projected 2013 Crop Budgets - North Dakota State University

December 2012Projected 2013 Crop Budgets South Valley North Dakota Andrew Swanson, Farm Management Specialist Ron Hagen, Farm Management Specialist 2013 crop budgets provide an estimate of revenues

How to fill out projected 2013 crop budgets

How to fill out projected 2013 crop budgets

1. Start by gathering all relevant information and data such as historical crop yields, input costs, market prices, and expected changes in weather patterns.
2. Identify the specific crops that will be included in the projected budget and gather information on the expected yield, market price, and input requirements for each crop.
3. Calculate the total estimated revenue for each crop by multiplying the expected yield with the projected market price.
4. Determine the total estimated variable costs for each crop by multiplying the input requirements with the projected input costs.
5. Calculate the total estimated fixed costs for each crop, including expenses such as land rent and machinery depreciation.
6. Sum up the total estimated revenue, variable costs, and fixed costs for all crops to arrive at the projected budget for the entire farm for the year 2013.
7. Review and analyze the projected budget to identify areas of potential improvement or cost savings.
8. Make adjustments to the budget as needed based on changing market conditions or input costs.
9. Use the projected budget as a guideline for making informed decisions regarding crop selection, input purchases, and overall farm management for the year 2013.

Who needs projected 2013 crop budgets?

1. Farmers and agricultural producers who want to plan and manage their crops for the year 2013.
2. Agricultural consultants and advisors who assist farmers in budgeting and financial planning.
3. Financial institutions and lenders who require projected crop budgets from borrowers as part of loan applications or evaluations.
4. Government agencies and agricultural policymakers who use crop budget information for policy development and decision-making purposes.

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What is projected crop budgets?

Projected crop budgets refer to a financial plan that estimates the income and expenses associated with growing and harvesting a specific crop.

Who is required to file projected crop budgets?

Farmers and agricultural producers are usually required to file projected crop budgets.

How to fill out projected crop budgets?

Projected crop budgets can be filled out by listing all expected expenses and income related to growing and harvesting a specific crop.

What is the purpose of projected crop budgets?

The purpose of projected crop budgets is to help farmers and producers forecast their financial performance and make informed decisions about their crops.

What information must be reported on projected crop budgets?

Projected crop budgets must include details about expected expenses such as seeds, fertilizers, labor costs, equipment, as well as projected income from selling the crop.