Project Type: Research and Education
Funds awarded in 2021: $128,373.00
Projected End Date: 03/31/2024
Grant Recipients: University of Georgia; Georgia Organics; Athens Land Trust; Georgia Farmers Market Association ; Augusta Locally Grown
Blueberry enterprise budgets can provide critical input for farm planning, including the potential income for a particular farm, the size of farm needed to earn a potential return, and anticipated cash flows during the year. However, inaccurate blueberry budgets give farm managers and producers too much confidence which can lead to unattainable profits, unexpected debt, and sometimes insolvency. Stochastic budgeting allows for important variable factors such as inputs, yield, and revenues of blueberries to be analyzed as statistical distributions instead of point estimates. Stochastic budgeting better estimates outcomes since it answers the ‘what if’ question since it incorporates risk and uncertainty in the blueberry production process.
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Farmers/Ranchers; Educators; Researchers
Vanessa P. SHONKWILER
This product is associated with the project "Economic Benefits and Marketing Implications of Co-Labeling Strategies for Small Organic Producers"
Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or SARE.