University of Nebraska–Lincoln Opens Center for Agricultural Profitability
The new Center for Agricultural Profitability in the University of Nebraska–Lincoln’s Institute of Agriculture and Natural Resources began operating this week. The center will work to improve the economic viability of the agricultural sector in Nebraska and beyond. It focuses on research, extension outreach, and education related to profitability and supporting informed decision-making and management choices to keep farmers and ranchers financially healthy. The center also will roll out a number of tools for use by farmers, ranchers, and agribusiness professionals. Among these is the Agricultural Budget Calculator, an online program allowing crop producers to estimate their cost of production based on field operations expenses, machinery, labor, and material inputs for different enterprises.