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Think Different
Roy Wendte, Altamont, Ill., finds farm spreadsheets streamline planning and analysis:
- Having all of your data in front of you in a spreadsheet makes it easier to analyze; the larger the computer screen or the use of multiple screens makes it even easier.
- Utilizing spreadsheets allows for multiple "what ifs" using different inputs to solve complex problems.
- Spreadsheets track multiple types of data such as crop planning, yields, commodity trades, expenses, incomes, land purchases, crop insurance and more.
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Rental rate tool
Spreadsheets, such as those on the Ag Decision Maker website, provide a way to test different scenarios to discuss with landlords and lenders. The Cash Rental Rates for Iowa 2012 survey is a downloadable document at the site. The survey information can be used with other resources, including Computing a Cropland Cash Rental Rate (C2-20) and Flexible Farm Lease Agreements (C2-21), to estimate a fair cash rental rate.
