Machinery and Equipment is often one of the largest expense categories for a farm or ranch operation. Many producers do not know their machinery and equipment cost for a given activity. Some expenses, such as fuel, repair, and other general costs are fairly easy to quantify; calculating individual expenses for a given machine and field activity is more difficult.

Learn more via the APPLIED RISK ANALYTICS series, covering the application of RightRisk Analytics risk analysis tools, available for download at: RightRisk.org/appliedriskanalytics.

 
HAVE you ever tried to estimate your cost of production for enterprises on your farm/ranch? It can be a daunting challenge. The Enterprise Risk Analyzer (ERA) tool can help evaluate farm/ranch enterprise performance, beginning with just an IRS Schedule F.

ERA analysis includes whole farm/ranch net return, enterprise net return, break-even prices, and breakeven yields. ERA also provides risk estimates based on user projections for commodity prices and yields. Providing probability estimates for earning a given level of net income, a break-even price, or a given break-even yield.

The Enterprise Risk Analyzer is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics. RightRisk.org\Analytics.

 
The Feasibility of Alternative Rural Enterprises course is a two-hour internet-based course covering 1) Agricultural and Rural Enterprises, 2) Selecting and Planning for Alternative Enterprise, and 3) Assessing Risks. Also included are a glossary, resource links for further research, and many other features…

The Enterprise Feasibility course is available free of charge at RightRisk.org > Courses.

• Understanding enterprise analysis with RightRisk.org


 

 
Machinery and equipment is often one of the largest expense categories for a farm or ranch operation. Many producers do not know their machinery and equipment cost for a given activity. The Machine Risk Calculator from RightRisk.org can help estimate rates for custom field operations and individual machinery costs. The tool will also estimate the risk sensitivity of those costs to changes in various factors. For examples using the tool see Applied Risk Analytics “Estimating Custom Rates and Machinery Costs” at: RightRisk.org\AppliedRiskAnalytics.

The Machine Risk Calculator is a toolbox filled with over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.

 
The Taxes for Agricultural Enterprises course is a two-hour internet-based course covering: 1) Definition of a Farm, 2) The Importance of Records, 3) Farm Income, 4) Farm Expenses, and 5) Tax Management. Also included are a glossary resource links for further research, and many other features.

The Taxes for Agricultural Enterprises course is available free of charge at RightRisk.org > Courses.

 
LEASING or renting pasture or forage is commonplace for many livestock producers. The Forage Risk Analyzer tool, from RightRisk.org, is a tool designed to help a single or multiple parties (up to six) understand the full value of everything involved in a potential lease and formulate a more fair and equitable agreement. For examples using the tool see “Evaluating Lease Arrangements” under Applied Risk Analytics via the Resources tab.

The Forage Risk Analyzer tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics.

 
GETTING on Track: Understanding Financial Performance is a two-hour, internet-based course including: What is financial analysis?, Measures of liquidity, Measures of solvency, Measures of profitability, Measures of financial efficiency, Measures of repayment capacity, and Where do I go from here? A glossary, frequently asked questions, and resource links are provided, along with example records systems and much more.

The Basic Financial Statements course is available free of charge at RightRisk.org > Courses.