Farm Cost and Return Tool -

Farm CaRT

Peter Zimmel (zimmelp@missouri.edu)

FAPRI at the University of Missouri(www.fapri.missouri.edu)

Denver, COApril 4, 2013

Agenda

IntroductionUsageInputsOutputs

Introduction

Developed as part of BFRDP grant Intended initially for beginning farmers &

ranchers Can be used by those already farming or

thinking about farmingGuidance from advisory committee

and participating farmers and ranchers

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

Usage

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 operationPricesCosts

Variable and fixed

Inputs

Inputs

Inputs

Inputs

Outputs

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

Outputs

Outputs

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