This years’s edition of the CropChoice$ planning tool is now available. The tool uses the latest crop insurance data from AFSC and projected crop costs to evaluate a crop plan in its entirety, said provincial crops economist Rawlin Thangara.
“Let’s say a producer has a crop plan for 10 fields that he wishes to evaluate. Straight budgets usually only provide gross margins or contribution margin comparison across these crops, but CropChoice$ gives you expected gross margins for the entire crop plan or for the scenario of 10 fields. The producer can then compare this result with another crop plan.”
Scenarios can involve different levels of insurance coverage and compare gross margins and risks.
The tool is available on the Alberta Agriculture and Forestry website.