The economic feasibility of various production management decisions will be analyzed using enterprise budgets. Specific information related to field operations, inputs, irrigation, and yield will be entered into a computerized budget generator to estimate production costs. Breakeven prices and/or yields will be used to determine which production practices offer producers the highest expected net returns for their soybean enterprises. Partial budgets will be utilized to evaluate production system changes being considered by producers and generate expected cost, revenue, and net revenue changes resulting from the proposed changes. Sensitivity analysis will be employed to estimate outcome...
Unique Keywords:
#crop management systems, #soybean economic studies, #soybean educational activities, #soybean on-farm research, #soybean production management, #soybean verification programs