Enterprise Budget Software Version 2.1 has been updated for the livestock and crop budgets.

An increase in input costs such as fertilizer and fuel necessitated a release of these production activities earlier than the traditional mid-summer timeframe. We hope it allows users to plan accordingly given current economic conditions.

A new feature has been added to several crop budgets. For corn, cotton, grain sorghum, peanuts, small grains, canola, and soybeans, the user is allowed a choice of current year market price estimates instead of defaults based on historical averages. These short-run price projections refer to the 2008 crop year only and are based on futures prices plus other information. Historical defaults can still be a pretty good indication of price levels over the longer term.

Other revisions include - sources in ( ):

• Where applicable, updated crop default prices and yields based on historical averages through 2006. Historical livestock prices are current through 2007 (NASS, Oklahoma Dept. of Ag., AMS).



• Updated custom rates (OSU Current Report - 205).



• Updated fertilizer/pesticide input prices (NASS, Estes Chemical, local vendors).



• Updated interest rates, fuel, and wage rate parameters (NASS, Federal Reserve Bank of Kansas City, Energy Information Administration).



• Updated livestock feedstuff prices (NASS, University of Missouri by-product feed listing, local vendors).