An enterprise budget is a listing of all income and expenses associated with a specific enterprise. What you produce determines the profitability of the business. Enterprises are the basic building blocks for a farm plan. By analyzing revenues and expenses associated with individual enterprises you can determine which enterprises might be expanded and those that should be cut back or eliminated.
The ABM Team develops detailed enterprise budgets of average costs and incomes associated with growing major crops and livestock produced in Colorado on a regional basis. The budgets are updated annually for the previous crop year. The budgets can be used to determine if you are a low-cost producer based on the average costs for your specific crop.
For more information on uses and how to develop an enterprise budget, please see our Enterprise Budgeting fact sheet.