Enterprise Budget Analysis

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Enterprise budgets represent estimates of receipts (income), costs, and profits associated with the production of agricultural products. The information contained in the enterprise budgets can be used by agricultural producers, extension specialists, financial institutions, governmental agencies, and other advisers making decisions in the food and fiber industry. Budgets are used to: 

  • itemize the receipts (income) received for an enterprise 
  • list the inputs and production practices required by an enterprise 
  • evaluate the efficiency of farm enterprises 
  • estimate benefits and costs for major changes in production practices 
  • provide the basis for a total farm plan 
  • support applications for credit 
  • inform nonfarmers of the costs incurred in producing food and fiber crops
Authors: 
George L. Greaser
Authors: 
Jayson K. Harper
Publisher: 
The Pennsylvania State University
Year: 
1994