Budget Calculator V2.0

Budget Calculator Instructions

The following information is needed in order to project budgets for a farming business:
- County or closest county to where you farm
- Direct input costs
Crops
- Expected yield and number of acres for each crop
- Average land rent
- Booked contracts (if applicable)
- List of Expenses from Schedule F
- Government Support Payments/Insurance Proceeds/Other Revenue
Contract Livestock
- Grower payment statement (if currently under contract)
- Proforma/Cash Flow Projection (historical data if available or proforma estimates)
- Annual production data
- Base pay/Bonus pay
- Any other incentive payments

Budget Calculator Terms and Conditions

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Information/Content
The cost information and some of the other information, material, documentation and other content utilized in the Service are taken from sampled third-party data from various areas in the Association’s 34 county territory in eastern North Carolina. The cost information and some of the other information, material, documentation and other content utilized in the Service are subject to change daily and at various times within each day, without notice to or by Association and without an update of, or other changes in, the Service. Any and all calculations made by any Users of the Service, or other persons, or other information determined or derived from the Service, will vary depending on the facts and circumstances within the particular situation at the time one or more calculations or determinations are made, and the accuracy, completeness and timeliness of inputs into the Service by Users and other persons.
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  1:- Choose the County or closest county to where you farm.
  2:- Choose the commodities that you wish to budget.
County
Commodities
   
Commodity
{{CountyCrop.CropName}}








1:- The estimated input costs are calculated based on the following:
The Row Crop input costs are averages provided by suppliers in the county where you farm. The sum of the inputs is the cost per acre.
The Broiler input costs are estimated averages based on a "4-house" 46'x600' (27,600 sq. ft.) operation. The sum of the inputs is the total operation cost per year.
The Grow Out Turkey input costs are estimated averages based on a "4-house" 60'x500' (30,000 sq. ft.) operation. The sum of the inputs is the total operation cost per year.
Enter your Nursery's total operation head capacity in the field below. The form will calculate the average estimated input costs based on your operation size.
Enter the total operation head capacity for your finishing farm in the field below. The form will calculate the average estimated input costs based on your operation size.
Enter the total operation head capacity for your Wean to Finish farm in the field below. The form will calculate the average estimated input costs based on your operation size.
Enter your operation's total number of sows in the field below. The form will calculate the average estimated input costs based on your operation size.
2:- You may update any of the values provided by editing the input fields under the header labeled "Actual."
3:- To add additional direct input cost(s), click the "add" button
{{input.crop}} {{loadCostPerText(input)}}
County {{loadCostPerTextLine2(input)}}
{{supplier.County}}
Total number of Sows Total Operation Head Capacity
Input {{loadEstimateLine(input)}} Actual
{{inputype.InputType}} {{inputype.InputValue|number:2}} N/A
Total {{supplier.TotalInputs|number:2}} {{supplier.customTotalInputs|number:2}}
Enter Crop Data
Commodity Number of Acres Expected Yield (Units per Acre)
{{Commodity.CropName}}
Total {{SelectedCommodityTotalNumberofAcres|number:2}}
Enter Poultry Operation Data
Commodity Total Operation Bird Capacity Weight per Bird # of Flocks in a Year Livability (%)
{{Commodity.CropName}} {{getLivabilityErrText()}}
Enter Swine- Nursery/Finishing Operation Data
Commodity Total Operation Head Capacity # of Turns in a Year Livability (%)
{{Commodity.CropName}} {{GetTotalOperationHeadCount(Commodity)|number:0}} {{getLivabilityErrText()}}
Enter Swine- Sow Farm Operation Data
Commodity # of Pigs Weaned Alive per Year
{{Commodity.CropName}}
Enter Swine- Wean to Finish Operation Data
Commodity Total Operation Head Capacity Average # of Days Occupied # of Turns in a Year Livability (%)
{{Commodity.CropName}} {{GetTotalOperationHeadCount(Commodity)|number:0}} {{getLivabilityErrText()}}
Enter General Business (non-crop) Operation Data
Commodity Expected Annual Production (# of units)
{{Commodity.CropName}}
1:- Enter the description and amount for each row crop expense from your tax returns (Found on Schedule F).
2:- Use the Add button to add more expenses as needed.
3:- Do not include Specialty Crop expenses (entered in step 2).
Enter Row Crop Expenses Found on Schedule F of Tax Returns
No row crops chosen, proceed to step 5
Description Amount
Total {{SelectedCounty.DescriptionTotal|number:2}}
Fixed Cost per Acre   {{SelectedCounty.FixedCostPerAcre|number:2}}
:- Crops:
Enter any contracts that have been booked for each crop.
Unbooked Price can be a futures price, Click for Current CBOT Prices and enter First Month, LAST value divided by 100 for available crop.
Futures pricing is not available for certain crops. Enter your expected price in the unbooked price section.
Basis is daily local cash price minus the futures price.
To add another row to input an additional contract price or price point, click the “Add” button.
:- Turkey Grow Out:
Enter your base pay and other bonus pay on a per pound basis.
Optional- Enter your tunnel cool cell bonus payment per pound if applicable.
Enter any extra annual incentive payments (enter amount in full and not on a per pound basis)
:- Broilers:
Enter your base pay per pound
Total all bonus pay/ other extra payments and enter amount on a per pound basis
:- Nursery, Finishing, Sow Farm:
Enter your total annual base pay and total annual bonus pay.
:- Wean to Finish:
Enter your price a head per day.
:- General Business (non crop):
Enter the price point amount and the projected number of units for the price.
To add another row to input an additional contract price or price point, click the “Add” button
{{cropcontracts.CropName}} Revenue
Contract Price Point Price   Basis Units   Acres Represented   {{cropcontracts.CategoryID === Categories.ROW_CROP ? 'Revenue per Price Point' : 'Revenue per Contract'}}   Estimated Revenue per Acre
{{contract.ContractName}} {{contract.AcresRepresented|number:2}} {{contract.RevenuePerContract|number:2}} {{contract.EstimatedRevenuePerAcre|number:2}}
Unbooked   {{cropcontracts.ContractBushelsUnbooked|number:2}}   {{cropcontracts.ContractPoundsUnbooked|number:2}}   {{cropcontracts.ContractAcresRepresentedUnbooked|number:2}}   {{cropcontracts.ContractRevenuePerContractUnbooked|number:2}}   {{cropcontracts.ContractEstimatedRevenuePerAcreUnbooked|number:2}}
Remaining   {{cropcontracts.ContractPoundsUnbooked|number:2}}   {{cropcontracts.ContractAcresRepresentedUnbooked|number:2}}
Total   {{cropcontracts.ContractPriceTotal|number:2}}   {{cropcontracts.ContractBasisTotal|number:2}}   {{cropcontracts.ContractBushelsTotal|number:2}}   {{cropcontracts.ContractPoundsTotal|number:2}}   {{cropcontracts.ContractAcresRepresentedTotal|number:2}}   {{cropcontracts.ContractRevenuePerContractTotal|number:2}}   {{cropcontracts.ContractEstimatedRevenuePerAcreTotal|number:2}}
Base Pay Per Pound Bonus/All Other Payments Per Pound Total Operation Bird Capacity   Total Pounds Produced per Year   Revenue per Year   Revenue per Flock
{{cropcontracts.Poultry.TotalOperationBirdCapacity|number:2}} {{cropcontracts.Poultry.TotalPoundsProducedPerYear | number:2}} {{cropcontracts.Poultry.RevenuePerYear|number:2}} {{cropcontracts.Poultry.RevenuePerTurnPerYear|number:2}}
Base Pay Per Pound All Bonus Pay Per Pound Tunnel Cool Cell Bonus Per Pound Annual Incentive Payment Per Year Total Operation Bird Capacity   Total Pounds Produced per Year   Revenue per Year   Revenue per Flock
{{cropcontracts.Poultry.TotalOperationBirdCapacity|number:2}} {{cropcontracts.Poultry.TotalPoundsProducedPerYear | number:2}} {{cropcontracts.Poultry.RevenuePerYear|number:2}} {{cropcontracts.Poultry.RevenuePerTurnPerYear|number:2}}
Total Base Pay in a Year Total Bonus Pay in a Year  Annual Production  Total Revenue per Year  Revenue per Head per Year
{{cropcontracts.Swine.AnnualProduction | number:0}} {{cropcontracts.Swine.TotalRevenuePerYear | number:2}} {{cropcontracts.Swine.RevenuePerHeadPerYear | number:3}}
Price a Head per Day  Annual Production  Total Revenue per Year  Revenue per Head per Year
{{cropcontracts.Swine.AnnualProduction | number:0}} {{cropcontracts.Swine.TotalRevenuePerYear | number:2}} {{cropcontracts.Swine.RevenuePerHeadPerYear | number:3}}
Total Base Pay in a Year Total Bonus Pay in a Year  Annual Production  Total Revenue per Year  Revenue per Head per Year
{{cropcontracts.Swine.AnnualProduction | number:0}} {{cropcontracts.Swine.TotalRevenuePerYear | number:2}} {{cropcontracts.Swine.RevenuePerHeadPerYear | number:3}}
Price Point Price Units   Revenue per Price Point
{{contract.ContractName}} {{contract.RevenuePerContract|number:2}}
Remaining   {{cropcontracts.GeneralBusiness.RemainingUnits|number:2}}
Total   {{cropcontracts.GeneralBusiness.PriceTotal|number:2}}  {{cropcontracts.GeneralBusiness.TotalUnits|number:2}}   {{cropcontracts.GeneralBusiness.RevenuePerContract|number:2}}
Commodity Projection Summary
Crop Summary
Commodities Acres Projected Yield   Projected Pricing   Gross Revenues
Projected Pricing
{{cropprojection.CropName}} {{cropprojection.CropProjection.Acres|number:1}} {{cropprojection.CropProjection.ProjectedYeild|number:0}} ${{cropprojection.CropProjection.ProjectedPricing|number:2}} ${{cropprojection.CropProjection.GrossRevenuesProjectedPricing|number:0}}
Commodities Acres Variable Cost
per Acre		 Land Rent
per Acre		 Fixed Cost
per Acre		   Total Cost per Acre   Gross Expenses
{{cropprojection.CropName}} {{cropprojection.CropProjection.Acres|number:1}} ${{cropprojection.CropProjection.VariableCostPerAcre|number:2}} ${{cropprojection.CropProjection.LandRentPerAcre|number:2}} {{FormatFixedCostperAcre(cropprojection)}} ${{cropprojection.CropProjection.TotalCostPerAcre|number:2}} ${{cropprojection.CropProjection.GrosExpenses|number:2}}
Poultry Summary
Contract Poultry Total Pounds per Year # Flocks in a Year Livability Price per Pound Bonus Price per Pound Gross Revenues
{{broiler.CropName}} {{broiler.Poultry.TotalPoundsProducedPerYear | number:2}} {{broiler.Poultry.NumberOfFlocksPerYear | number:2}} {{broiler.Poultry.Livability | number:2}}% ${{broiler.Poultry.PricePerPound | number:2}} ${{broiler.Poultry.BonusPricePerPound | number:2}} ${{broiler.Poultry.RevenuePerYear | number:2}}
Contract Poultry Total Pounds per Year # Flocks in a Year Total Input Costs  Total Cost per Flock Gross Expenses
{{broiler.CropName}} {{broiler.Poultry.TotalPoundsProducedPerYear | number:2}} {{broiler.Poultry.NumberOfFlocksPerYear | number:2}} ${{broiler.Poultry.CostPerOperationTotal | number:2}} ${{broiler.Poultry.TotalCostPerTurn | number:2}} ${{broiler.Poultry.CostPerOperationTotal | number:2}}
Swine Summary
Contract Swine Annual Production # of Turns in a Year Livability Revenue per Head per Year Gross Revenues
{{CountyCrop.CropName}} {{CountyCrop.Swine.AnnualProduction | number:2}} {{CountyCrop.Swine.NurseryFinishing.NumberOfTurnsInAYear | number:2}} {{CountyCrop.Swine.WeanToFinish.NumberOfTurnsInAYear | number:2}} --- {{CountyCrop.Swine.NurseryFinishing.LivabilityPercent | number:2}}% {{CountyCrop.Swine.WeanToFinish.LivabilityPercent | number:2}}% --- ${{CountyCrop.Swine.RevenuePerHeadPerYear | number:2}} ${{CountyCrop.Swine.TotalRevenuePerYear | number:2}}
Contract Swine Annual Production Total Input Costs  Total Cost per Head Gross Expenses
{{CountyCrop.CropName}} {{CountyCrop.Swine.AnnualProduction | number:2}} ${{CountyCrop.Swine.CostPerOperationTotal | number:2}} ${{CountyCrop.Swine.TotalCostPerHead | number:2}} ${{CountyCrop.Swine.CostPerOperationTotal | number:2}}
General Business (non-crop) Summary
General Business Annual Production   Average Price Per Unit   Gross Revenues
{{generalBusiness.CropName}} {{generalBusiness.GeneralBusiness.TotalUnits|number:2}} ${{generalBusiness.GeneralBusiness.TotalPrice|number:2}} ${{generalBusiness.GeneralBusiness.GrossRevenue|number:2}}
General Business Annual Production Total Input Costs   Total Cost per Unit Gross Expenses
{{generalBusiness.CropName}} {{generalBusiness.GeneralBusiness.TotalUnits|number:2}} ${{generalBusiness.GeneralBusiness.CostPerOperationTotal|number:2}} ${{generalBusiness.GeneralBusiness.TotalCostPerUnit|number:2}} ${{generalBusiness.GeneralBusiness.CostPerOperationTotal|number:2}}
Net Profit(Loss)
Commodities Gross Revenues
Projected Pricing		 Gross Expenses   Net Profit (Loss)
Projected Pricing
{{item.CropName}} {{getGrossRevenues(item)}} {{getGrossExpenses(item)}} {{getNetProfit(item)}}
Total {{getTotalGrossRevenues()}} {{getTotalGrossExpenses()}} {{getTotalNetProfit()}}
Budget Summary
{{cropbudget.CropName}}{{getUnitsText(cropbudget)}}
Production
Yield Per Acre (Crops)
Annual Production - lbs (Poultry)
Annual Production - # Head (Swine)
Annual Production - # Units ({{cropbudget.CropName}})
{{getProduction(cropbudget)}}
  Price
Per Unit (Crops)
Per lb (Poultry)
Per Head (Swine)
Per Unit ({{cropbudget.CropName}})
{{getPrice(cropbudget)}}
Additional Annual Income
Government Support Payments
Insurance Proceeds
Other Income
$ {{cropbudget.CropBudget.GovtAsst}}
{{cropbudget.Poultry.OtherIncome}}
{{cropbudget.Swine.AdditionalAnnualIncome}}
{{cropbudget.GeneralBusiness.AnnualIncome}}
  Revenue
Per Acre (Crops)
Per Flock (Poultry)
Per Head (Swine)
Per Unit ({{cropbudget.CropName}})
{{getRevenue(cropbudget)}}
  Direct Costs  
Per Acre (Crops)
Per Flock (Poultry)
Per Head (Swine)
Per Unit ({{cropbudget.CropName}})
{{getVariableExpenses(cropbudget)}}
  Land Cost per Acre {{getLandCostPerAcre(cropbudget)}}
  Fixed Cost per Acre {{getFixedCost(cropbudget)}}
  Total Cost  
Per Acre (Crops)
Per Flock (Poultry)
Per Head (Swine)
Per Unit ({{cropbudget.CropName}})
{{getTotalCost(cropbudget)}}
  Net Income or (Loss)
Per Acre (Crops)
Per Flock (Poultry)
Per Head (Swine)
Per Unit ({{cropbudget.CropName}})
{{getNetIncome(cropbudget)}}
  Breakeven Price
Price at Projected Yield (Crops)
Price at Projected Production ({{cropbudget.CropName}})
{{getBreakEvenPrice(cropbudget)}}
  Breakeven Production
Yield (Crops)
Flocks (Poultry)
# of Head (Swine)
# of Units ({{cropbudget.CropName}})
{{getBreakEvenYield(cropbudget)}}
{{getAcresText()}} {{getAcres(cropbudget)}}
Farm Revenue ${{getFarmRevenue(cropbudget) | number:0}}
  Farm Cost ${{getFarmCost(cropbudget) | number:0}}
  Profit or (Loss) {{getProfitOrLoss(cropbudget)}}
  ROI {{getROI(cropbudget) | number:2}} %
Summary by Operation   
Costs Type Amount
Farm Revenue
${{TotalFarmRevenue|number:0}}
Farm Costs
${{TotalFarmCost|number:0}}
Profit or (Loss)
${{TotalProfit|number:0}}
ROI
{{TotalROI}}%