The high cost of farm machinery has growers increasingly looking at joint ventures to spread out both the risk and cost of doing business, but splitting up the costs and returns can prove challenging without some help. Iowa State University developed a spreadsheet that makes the work easy. Member payments are split according to their contribution, including equipment, land, labor and cash equity for the farm. The spreadsheet is simple to use and includes a sample farm for guidance, along with a link to a helpful online document for providing assistance.
We’re featuring the spreadsheet as our Farm Futures Spreadsheet of the Month. The 89 kilobyte spreadsheet should work with Excel 2000, 2002, 2007 or Excel XP. You can download it by clicking on the download link below.
Do you have a spreadsheet that’s made a difference on your operation that you’d be willing to share with other readers? Drop us a line at FarmFutures@farmprogress.com with a description of the spreadsheet. We’ll pay $75 if we feature your farmer-written non-commercial program as our Spreadsheet of the Month.
Download file: jointventuretool.xls
Size: 90.624 KB (Kilobytes)
Created: 12/12/2011 05:34 PM
Last Modified: 12/12/2011 05:34 PMClick here
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