The 2021 edition of CropChoices$ is now online. The free budgeting and economic modelling tool can help when finalizing crop plans. The program helps forecast revenues and margins for grains, oilseeds, pulses, specialty and forage crops by using inputs and then calculating the probabilities of achieving the results.
The latest edition features current crop insurance options, including updated risk coverage levels from the Agriculture Financial Services Corporation. It also includes projected crop costs covering up to 40 dryland and irrigated crops depending on location. A user can enter worst, best and most likely values for yields and prices.
The program presents contribution margins and gross margins in easy-to-understand statements, tables and graphs. It can be found at alberta.ca.