Land prices pushed to record highs over the past year, creating concern for some farmers needing to expand their operation. The University of Illinois created a helpful spreadsheet for assessing land buying opportunities, including the economic opportunities from the land as well as its potential impact on the farm’s balance sheet.
This management tool includes a sensitivity analyzer to assess the impact of the property’s purchase on the farm’s economic health if conditions change, projecting the impact up to 30 years into the future.
We’re featuring the spreadsheet as our Farm Futures Spreadsheet of the Month. The 1,045 kilobyte spreadsheet should work with Excel 2000, 2002, 2007, 2010 or Excel XP. To access the spreadsheet - visit Land Price Tool - which is hosted on the university website.
Powered by iNet Solutions Group ©2011 All Rights Reserved.