Enterprise budgets estimate profitability for agricultural enterprises while documenting management practices and the resources and technology used. OSU's Microsoft Excel budget spreadsheets provide users access to important agricultural science information during an "interactive" budget building process.
OSU Enterprise Budgets contain estimates of production costs and returns based on the current and/or expected economic environment as well as the management practices typical of an area.
A one-page budget report summarizes key production items and prices, operating and fixed costs, plus break-even prices and yields. Supporting reports, such as fertilization or feeding practices specified, may also be printed (see report examples).
The budgets incorporate historical data and specialist recommendations while allowing modification by the user. Examples of historical data include area yields and average prices. Examples of specialist recommendations include fertilizer requirements for specified forage or grain yields. Hyperlinks to Internet databases and references point users to additional information.
In addition to estimating the full economic costs and returns for an agricultural production activity, OSU enterprise budget software may also be used to generate cash flow budget files for Integrated Farm Financial Statements (IFFS) software. This compatibility provides an integral link to whole farm and ranch financial statements and plans.
Enterprise Budget Software is updated annually and includes the following traditional crop and livestock commodities: