The supplied crop budget information is designed to provide three function for Agricultural and Economic researchers
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To define the individual activities that take place in the typical production of the crop. This proved the input needed (labor, machine use, fuel , fertilizer, pesticide, etc) for the production of the crop.
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To estimate costs of production based on the prices/costs of the inputs.
2a) To estimate the time of the costs in the lifecycle of the crop
- To estimate the net return based on expected yields and market prices for the crops.
Budgets for different regions can be different for the same crop because they either:
a) have a different management practice (different activities take place)
b) prices for inputs are different.
c) Yields are different