Understanding farm finances can be a challenge. FarmCalc is here to help. FarmCalc 2.0 is an online financial planning tool to help you understand your farm finances and achieve greater profitability.
Calculate your unit cost: Discover what it costs you to produce a pound of beets, a bunch of kale, or a gallon of milk, and make sure your pricing is above your costs of production.
Find your most profitable products: Compare your fully loaded unit costs and which products are making you the most profit per unit.
Make a production plan: Decide how much of your products to produce based on your sales potential and most profitable products.
Plan investments, add or eliminate enterprises, and other changes: What happens if you buy that piece of equipment? Drop an enterprise? Make a copy of your farm scenario and see how your costs, profits, and profitability will change.
Have your data handy. As with most record-keeping and business planning, good data in will give you actionable information out. You’ll do your best work in FarmCalc if you have ready access to:
If you encounter problems while working in your FarmCalc account, you can contact us at firstname.lastname@example.org or by calling (207) 338-6575. Support is available during our office hours, 8am – 4pm. You will need to provide the information you used to set up your account. Throughout FarmCalc, you’ll find help for every step in your work. Look for the question mark icon.
FarmCalc was developed by Maine Farmland Trust, Jed Beach of FarmSmart Maine, and Perch Design Studio. This material is funded in partnership by USDA, Risk Management Agency, under award number RM18RMEPP522C033. This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, through the Northeast Sustainable Agriculture Research and Education program under subaward number ENE21-171.