In-person Trainings Scheduled for Ag Budget Calculator Program
The University of Nebraska Lincoln’s Center for Agricultural Profitability has scheduled training workshops for July and August for its new online Agricultural Budget Calculator program. Locations, dates and times for in-person, hands-on workshops are as follows:
- Tuesday, July 12 — Gage County Extension Office Meeting Room, 1115 West Scott, Beatrice, 1-3 p.m.
- Tuesday, Aug. 2 — Madison County Extension Office, 1305 S. 13th St., Norfolk, 1:30-3:30 p.m.
- Tuesday, Aug. 16 — Ag Center (fairgrounds), 1308 Second St., Holdrege, 5:30–7 p.m.
- Thursday, Aug. 18 — Lancaster County Extension Office, 444 Cherrycreek Road Suite A, Lincoln, 10 a.m.-noon.
- Wednesday, Aug. 24 — Platte County Extension Office, 2715 13th St., Columbus, 1-3 p.m.
The Agricultural Budget Calculator (ABC) is a free enterprise-budgeting and decision-making tool that is designed to assist agricultural managers, producers and bankers in determining their cost of production and projected cash and economic returns for various farm or ranch enterprises.
“Producers and others interested in agricultural risk management can use the program to create cost of production and ag enterprise return reports and utilize the program features to help in decision-making,” said Glennis McClure, an extension educator and farm and ranch management analyst with the Center for Agricultural Profitability.
McClure, who works closely with the ABC tool and has followed its development, will facilitate the workshop. During part one of the workshop, participants will learn how to use the ABC program to create and/or update crop budgets for their farms or fields on their owned and/or rented ground and create their own cost of production and anticipated return reports.
The trainings will provide details and hands-on demonstrations of combining enterprise budgets using the “whole farm” component of the program, including reconciling operation expenses and allocating overhead expenses to enterprise. Other features covered will include breakeven analysis, crop comparisons and a risk analysis module.
Workshop attendees are encouraged to bring their own laptop or mobile device to work on their own budgets. Mobile lab computers will be available as needed.
The workshops are free to attend, but registration is required by at least two days prior to the workshop date.