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The Ag Budget Calculator (ABC) Program – Usage Continues to Grow with Added Features

Glennis McClure

Summary

With continued expansion and development of the Agricultural Budget Calculator (ABC) Program at the University of Nebraska – Lincoln, this poster presentation will provide an update on its current features, usage, and results. User accounts have grown to over 1,500 with 3,375 enterprise budgets created thus far. The ABC program is a unique enterprise budgeting program that offers a suite of risk management decision tools with technical support provided by extension educators.

Once base budgets are prepared in the ABC program by individual users, further analysis and decision-making resources are available within the program. For example, users can analyze break-even scenarios, do crop comparisons, analyze annual crop insurance decisions for corn and soybeans, prepare proforma profit and loss statements and now a cash flow needs report is available that can be converted into a projected monthly cash flow report.

The ABC program is available online for anyone interested in using it. Producers, bankers, students, farm managers, and ag industry professionals all have free access to it.

A producer from the Nebraska panhandle provided this testimonial on the ABC program –
“Please count me in as a producer that completely relies on this product for annual planning. Speaking for myself, this tool is a 6x or better multiple on my time. If I had to replicate in Excel what you've done, it would take 3x as long, be half as good, and wouldn't give me the easy-to-read output that I can use to communicate with my stakeholders... Be the spouse or banker! Keep up the good work.”

Details

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