Below we have outlined what you should accomplish in session 4 to stay on track with your business plan. Don't forget that you need to be working on your business plan on the Ag Plan website as you are going through the Chapter 4 exercises. Chapter 4 is all about developing your enterprise budget. In chapter 3 we developed our start-up cost based on the capital and equipment we need to get started and depreciated these items to have an annual cost of ownership. This annual cost of ownership will be our fixed cost in our enterprise budget and the exercises below will help walk you through the rest of the enterprise budgeting process.
Complete the following sections in AgPlan under the "operations" section if you haven't already done so:
Disclaimer: these spreadsheets were developed with you in mind but they contain only basic assumptions about production cost, yields, and pricing. DO NOT assume that these budgets will accurately represent what your farm will be capable of producing and selling but please use these budgets to help facilitate what cost, yields, and pricing data you will need to collect. Every farm and situation will be different and these budgets cannot account for those differences.
Things to Do:
- In-Class PowerPoint Presentation SAMPLE: Session 4 Enterprise Budgets
- Use this link to download the Session 4 Activity to prepare for class: Session 4 In-Class Activity
Your Homework
- Read Chapter 4: Chapter 4 Enterprise Budgets
- Complete the Take Home Assignment: Session 4 Take-Home Activity
For Ag Plan:
Complete the following sections in AgPlan under the "operations" section if you haven't already done so:
- Products
- Services
- Production Systems
- Customer Service
- Implementation Timeline
For our next farm tour
Below we outlined some questions for our field trip based on session 4. Don't forget to be prepared to ask these questions so you can glean all you can from the farmers who have real experience.Below we have created a section of enterprise budget spreadsheets you can use to develop your variable cost and price. These budgets may also help you refine the fixed cost section you developed last month. Don't forget about our production resources from chapter one.NC Farm School Budget Spreadsheets
Disclaimer: these spreadsheets were developed with you in mind but they contain only basic assumptions about production cost, yields, and pricing. DO NOT assume that these budgets will accurately represent what your farm will be capable of producing and selling but please use these budgets to help facilitate what cost, yields, and pricing data you will need to collect. Every farm and situation will be different and these budgets cannot account for those differences.
- Generic Hort
- Generic Livestock
- NCFS High Tunnel Budget
- NCFS Market Garden Budget
- 4 Year Black Berry Budget
- 7 Year Blueberry Budgett
- 4 Year Asparagus Budget
- Shiitake-Budget- Draft
- NCFS Local Pasture Raised Beef Budget
- NCFS Pork Farrow - Feeder Budget
- NCFS Pork Feeder to Finish
- Spring Lambing
- Lambing Decision Tool
- Kidding Budget
- NCFS Meat Chicken Budget
- NCFS Egg Budget
- 20 hive Bee Budget
Other Helpful Budget Excel Templates
- Small Fruit
- Strawberry-
- NCSU Organic: Strawberry-Budget-Program-Organic
- Pennsylvania, Custom Machinery Only: Strawberry Budget
- Blueberry-
- FL Extension: Blueberries
- Blackberry-
- NCSU Organic: NC-Organic-Blackberry-Budget
- FL Extension: Blackberries
- Muscadine- Muscadine Grapes
- Strawberry-
- Livestock
- Meat Goat-
- Virginia Tech: VT MeatGoats
- Cow Calf-
- NCSU Cow Calf: Beef Cow Calf
- Virginia Tech: VT Beef Cow Calf
- Pastured-Pork-
- Virginia Tech: VT NichePorkProduction
- Meat Goat-
- Specialty Crops
- Shiitake- Shiitake
Estimate your Price and Yield
- NC Farm School Price Produce Tools: Farmers Market Retail Pricing, Wholesale Farmersline Pricing
- Other Helpful Pricing Tools
-
- PRICE
- US and NC Market Price Reports for Agriculture:
- NC Fresh Market Prices: http://www.ncagr.gov/markets/mktnews/retail_farmers_markets_reports.htm
- Row Crops
- NC Price: https://www.ams.usda.gov/mnreports/ra_gr110.txt
- Organic Price Report: https://www.ams.usda.gov/mnreports/lsbnof.pdf
- US Price: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1002
- Live Stock
- Grass fed beef: https://www.ams.usda.gov/mnreports/ra_lo101.txt
- On the hoof prices: http://www.cattle.com/markets/states.aspx?state=North+Carolina
- US and NC Market Price Reports for Agriculture:
- PRICE
- YIELD
- NC Row Crop Yield: http://www.ncagr.gov/stats/release/croprelease01.pdf
- Market Garden Yield- see the market garden budget for links
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