1. Peter Zimmel (zimmelp@missouri.edu)zimmelp@missouri.edu FAPRI at the University of Missouri (www.fapri.missouri.edu)www.fapri.missouri.edu Denver, CO April 4, 2013

2.  Introduction  Usage  Inputs  Outputs

3.  Developed as part of BFRDP grant  Intended initially for beginning farmers & ranchers  Can be used by those already farming or thinking about farming  Guidance from advisory committee and participating farmers and ranchers

4.  Utilizes data from:  FAPRI baseline  USDA  Allows the user to develop five year, whole- farm budgets by enterprise  Includes historical and projected data  Production  Costs

6.  Commodities include:  Corn, soybeans, wheat, sorghum, barley, oats, hay, rice, cotton, peanuts, sunflower seed, sugar beets, cow/calf, and dairy  Incorporates county level yield estimates  Scale of operation  Prices  Costs  Variable and fixed

11.  Four different budget types are available  Whole farm returns – detail  Whole farm returns – summary  Returns by commodity – total  Returns by commodity – per unit

14.  FAPRI-MU website: www.fapri.missouri.eduwww.fapri.missouri.edu  To contact me:  573-884-8787  zimmelp@missouri.edu zimmelp@missouri.edu  Farm Cost and Return Tool (CaRT)  www.fapri.missouri.edu/projects www.fapri.missouri.edu/projects