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Nevada, Iowa | This is a very good question, I was hoping to see more answers. I wish I had some good input.
I ran into this very problem last night while working on a cash flow statement. I frequently don't know what to put for prices and yields. Yields have some historic references to work from. Price, especially in this environment, is more difficult. I ended up using 3.50 for corn and 9.50 for beans. It was like throwing a dart blindfolded. My only rational was/ a. the bank seems to like it when I can make the numbers work with conservative goals on price/ b. I should have my ass kicked if I don't do any better than that marketing (I will probably screw that part up).
I tend to find that cash flows and cost of production worksheets rarely work out as planned. I used to hate spending the time working on them because of that but they do seem to make me take a second look at what I am doing. That can't be all bad.
Edited by Dave Cen.Ia 1/4/2008 17:50
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Crop forecast spreadsheets
