Integrated Enterprise Budgets and Production Planning
FarmCalc is a cloud-database program that helps you make financially informed decisions about your farm business. By integrating your farm financial information across your enterprises, FarmCalc helps you directly compare your costs and profits among your vegetables, fruit, flower, and grain crops and plan production for the season.
You can download reports about unit costs, profits, costs of operations, inputs, and how these costs compare across all your enterprises. Reports included in the current version of FarmCalc:
- Profitability Comparison: Compare your fully loaded unit costs and which products are making you the most profit per unit.
- Production Plan: Decide how much of your products to produce based on the production needed to meet their sales potential and their profitability.
- Inputs Used: See how much of your inputs will be used based on your Production Plan.
- Projected Profit and Loss: Look at the projected income, expenses, and profit for each of your enterprises and whole farm.
FarmCalc is free to use on your own and with your farm business advisor. You can access FarmCalc through your web browser after MFT sets up your user account. Your information is protected and always secure.
To set up your private FarmCalc account, please review our privacy statement and request an account set up from MFT.?
To keep the program more secure, login authentication is hosted by Google. You will need a Google Account associated with your email address to authenticate your FarmCalc account, but this does not need to be a Google-hosted email address. Your Google Account will not have access to your FarmCalc account or farm data. If you have any trouble creating or concerns about having a Google Account, please contact MFT staff at firstname.lastname@example.org with your questions.?
FarmCalc works best with Chrome and Safari browsers.?
Have your data handy
As with most recordkeeping and business planning, good data in will give you actionable information out. You’ll do your best work in FarmCalc if you have ready reference to:
- The average wage rate you pay your crew
- Your costs of operation (inputs, pre- and post- harvest tasks, tools, equipment, loans, etc.)
- Production records (yields)
- Sales forecasts or sales history
- Customer lists
Logging in and out
When your account is set up, you will be able to log in and out as needed. If you remain logged in without activity, your session will time out and you will be automatically logged out. FarmCalc is cloud-based, so your data and changes are continually saved.
Getting your reports
Reports are available for immediate download and print as PDFs. Reports can be provided in excel format upon request to email@example.com.
If you need help
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? ? icon.
Understanding farm finances can be a challenge. If you want to get comfortable with terms, concepts, and processes – and learn to use financial information to plan your operation – you could start with these resources compiled by the Beginning Farmer Resource Network of Maine or with MFT’s Farm Viability services.
FarmCalc was developed by Maine Farmland Trust,? Jed Beach of FarmSmart Maine and Lori Bailey of ReNew Development.?
This material is funded in partnership by USDA, Risk Management Agency, under award number RM18RMEPP522C033.