Economics

Tips for Profitable Small Grain Production - The current farm financial situation is causing producers to search for ways to obtain the best economic return for their production costs. Profit margins for small grain farmers can be increased by minimizing production cost per bushel or by obtaining higher prices for the grain.

Enterprise Budgets: Organic Corn Example - Enterprise budgets help to allocate land, labor and
capital, which are limited, to the most appropriate use. The most appropriate use is defi ned by the
person in control of the resources and may be used to maximize profi ts, minimize soil loss, or to achieve other goals.

Enterprise Budget - Organic wheat exampled of an enterprise budget for planning purposes.

Crop Budgets - Enterprise budgets provide valuable information regarding individual enterprises on the farm. This tool enables the farm manager to make decisions regarding enterprises and plan for the coming production year. The enterprise budget uses farm revenue, variable cost, fixed cost and net income to provide a clear picture of the financial health of each farm enterprise.