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Manage Margins

February 23, 2010
By: Sara Schafer, Farm Journal Media Business and Crops Editor
 
 
Do you know how much you'll spend to produce an acre or a bushel of corn this year? Now is the perfect time to be budgeting your input costs for the upcoming growing season. AgWeb is the home of a new online calculator that you can use to determine all of your corn-growing costs.
 
The Profit and Cost Calculator allows you to simply input your farm's specific corn production numbers and the tool will figure your margins for the year in four quick steps.
 
The calculator takes your acres farmed and anticipated yield and calculates it against your seed, fertilizer, herbicide, insecticide, fungicide, interest, risk management, labor, machinery, harvest, storage, grain drying and any other costs to determine your farm's per-bushel and per-acre costs.
 
Once you see your expected costs, you can also use the calculator to chart your improvement potential. Just take your calculated margins and see how much a little improvement in yield, cost management or marketing can increase your overall profits.
 
 
For More Information
 

 
You can e-mail Sara Schafer at sschafer@farmjournal.com.
 

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FEATURED IN: Farm Journal - Mid-February 2010
RELATED TOPICS: Agronomy, Marketing, Inputs

 
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