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  • Management Article
    Enterprise Budgets
    By John Molenhuis - Business Analysis & Cost of Production Program Lead, OMAFRA

    The Ontario Ministry of Agriculture, Food and Rural Affairs provides a range of crop and livestock budgets on the Ontario Enterprise Budgets website. Choosing what enterprises to be in is one of the fundamental decisions for a farm business. Knowing the costs involved is a critical step in determining whether to remain or embark in any enterprise. Using your own costs provides the most accurate answers.

    The Budgets are available in two formats:

    Budgeting Tools allow you to enter data specific to your operation into the budget using your personal computer in Microsoft Excel format. Calculations are performed automatically, and you are able to view/modify/print the results for your own use. The Budgeting Tools also allow you to assess the potential impact of production and marketing risk factors and risk management strategies;

    Manual Budget Forms can be printed directly from this web site and completed by hand. These budgets would provide sample figures for each income and expense item, as well as space on the printed page to enter data specific to your farm operation.

    The Ontario Enterprise Budgets can be accessed at:

    www.omafra.gov.on.ca/english/busdev/bear2000/Budgets/oeb.htm

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