The Projected 2021 Rice Farm Cash Flow Model was developed to assist producers in planning for the 2021 crop year. The model is an Excel spreadsheet which allows rice producers to enter projected acreage, yield, market price and production cost data for 2021 to estimate net returns above variable production costs and to easily evaluate the impact of changing percent of base planted on net returns. The primary purpose of the model is to evaluate the impact on net returns above variable production costs for alternative rice rental arrangements and percent of base acreage planted. This model does include the Price Loss Coverage (PLC) Program option in the 2018 Farm Bill. The model also includes entry cells for whole farm fixed expenses to estimate projected returns from rice production over all costs. Five worksheets are included to estimate rice cash flow on five different land tracts. Worksheets can be copied to accommodate additional land tracts if needed.
The LSU AgCenter and the LSU College of Agriculture