The type of budget provided in this section is the gross margin budget.
These Farm Enterprise budgets provide a guide to the relative
profitability of similar enterprises and an indication of the different
management practices used.
The aim of these budgets is to provide producers with an additional planning tool to help evaluate options. The budgets presented are meant to be a projection of price expectations in the near future, rather than a statement of the recent past.
It is extremely difficult to accurately predict future prices and other variables. However, by using the best available information, it is still better to evaluate your options by making your own projections and combining them into a business plan for your property. These budgets will help you in developing your own budgets.
The previously available Farm Forms (Farm Forms-Cashbook, Farm Forms-Crop, Farm Forms-Livestock) are now available on the DPI web publication archive.
The aim of these budgets is to provide producers with an additional planning tool to help evaluate options. The budgets presented are meant to be a projection of price expectations in the near future, rather than a statement of the recent past.
It is extremely difficult to accurately predict future prices and other variables. However, by using the best available information, it is still better to evaluate your options by making your own projections and combining them into a business plan for your property. These budgets will help you in developing your own budgets.
These
budgets need to be applied carefully when used to decide a farm’s
overall enterprise mix. If major changes are being considered, more
comprehensive budgeting techniques are required to indicate the real
profitability of the situation.
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