2016 Field Crop Budgets
Crop budgets vary greatly by operation! Prices and cost estimates are averages collected from retailers across
the state. Input prices will vary by crop, management, region, varieties and other criteria and may not be
reflective of YOUR true costs.
Assumptions in Analysis:
- Land charge of $98. Purchase price is not included.
- Operating expenses borrowed at 8.5% interest for 5 months of expenses.
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Fixed costs are calculated with MD Custom Rates (2015)
- You should use your actual fixed costs
- Crop insurance quotes. Actuals will not be set until March.
2015 Changes: Corn Population increase, 2015 Custom Rates
Budgeting Recommendations:
- Create your own budgets and fixed costs including equipment, repairs, insurance, depreciation, interest and taxes
- Write and implement a farm business plan - setting goals, managing finances and develop markets
- Manage capital assets such as land and equipment
- Track your expenses and at the end of the year reconcile
Using This Spreadsheet
- This workbook is designed to be updated very easily. Click on the INPUTS worksheet and make changes. This will
automatically update changes on other worksheets (i.e. N changes from .47 to .54 update it on the inputs page and it
automatically updates all N prices for the 5 crops)
- Be sure to save changes periodically and use the date in the title to mark when the budget was prepared.
Questions Contact: Shannon Dill, 410-822-1244 or sdill@umd.edu
www.extension.umd.edu/grainmarketing
Budgets were developed by Ben Beale, Francis Breeding, Shannon Dill, Dale Johnson, Jim Lewis and Jenny Rhodes
EQUAL ACCESS PROGRAMS
Inputs
Corn Grain - No Till, Non Irrigated
Corn Grain - Conventional Non Irrigated
Corn Grain - No Till, Irrigated
Corn Grain - No Till, Poultry Litter
Soybeans
Wheat
Wheat/Soybean Double Crop
Blank Budget
Historical
UNIT
YEAR
INCOME
CORN
SOYBEANS
WHEAT
EXPENSES
SEED
CORN CONVENTIONAL
CORN ROUNDUP READY & BT
SOYBEAN
SOYBEAN RR II
WHEAT
FERTILIZER
NITROGEN
PHOSPHORUS
POTASH
LIME
PESTICIDES
2 4-D
ATRAZINE
GRAMOXONE INTEON
HARMONY
LUMAX
OSPREY
ROUNDUP
TILT
TOUCHDOWN
WARRIOR
OTHER
SOIL TEST
CROP INSURANCE - Corn
CROP INSURANCE - Corn Irrigated
CROP INSURANCE - Soybeans
CROP INSURANCE - Wheat
DRYING FUEL
FIXED COSTS - 2015 Custom Rates
STALK CHOPPING
CHISEL PLOWING
DISKING
FIELD CULTIVATOR/FINISHER
VERTICAL TILLAGE
FERTILIZER SPREADING
SIDEDRESSING
MANURE LOADING
MANURE SPREADING - LITTER
MANURE HAULING
PESTICIDE SPRAYING
NOTILL DRILLING
SMALL GRAIN
PLANTING
CORN - Conventional
CORN - NoTill
SOYBEAN - Conventional
SOYBEAN - NoTill
BROADCAST SEEDING
HARVESTING
CORN
SOYBEAN
WHEAT
HAULING
LAND CHARGE
PRICE
2016
BUSHEL
BUSHEL
BUSHEL
$3.93
$9.12
$4.83
1,000 SEEDS
1,000 SEEDS
1,000 SEEDS
1,000 SEEDS
POUND
$3.16
$3.43
$0.25
$0.45
$0.28
POUND
POUND
POUND
TON
$0.38
$0.53
$0.32
$45.00
QUART
QUART
PINT
OUNCE
QUART
OUNCE
QUART
OUNCE
QUART
OUNCE
$5.75
$4.00
$4.00
$10.75
$13.50
$3.10
$5.25
$1.00
$5.50
$3.25
ACRE
ACRE
ACRE
ACRE
ACRE
BUSHEL
$0.30
$25.49
$27.79
$14.90
$13.15
$0.40
ACRE
ACRE
ACRE
ACRE
ACRE
ACRE
ACRE
TON
TON
TON
ACRE
$17.38
$19.36
$22.61
$17.70
$18.55
$8.28
$10.63
$9.00
$7.82
$8.69
$9.07
ACRE
$19.92
ACRE
ACRE
ACRE
ACRE
ACRE
$17.35
$19.30
$16.96
$19.38
$9.83
ACRE
ACRE
ACRE
BUSHEL
ACRE
$30.82
$30.93
$31.08
$0.19
$98.00
NOTES
Dec
Nov
Jul
CORN GRAIN, NO-TILL NON-IRRIGATED
ITEM
GROSS INCOME
CORN GRAIN
VARIABLE COSTS
SEED RR
SOIL TEST
NITROGEN
PHOSPHATE
POTASH
LIME
LUMAX
ATRAZINE
ROUNDUP
PER ACRE FOR
UNIT
QUANTITY
2016
PRICE
TOTAL
BUSHEL
150
$4.00
$600.00
1000 SEEDS
ACRE
POUND
POUND
POUND
TON
QUART
QUART
QUART
32
1
150
30
60
0.5
2.5
0.5
1
$3.43
0.30
0.38
0.53
0.32
45.00
13.50
4.00
5.25
$109.76
0.30
57.00
15.90
19.20
22.50
33.75
2.00
5.25
1
25.49
25.49
150
0.36
54.00
CROP INSURANCE (RP 75%)
ACRE
DRYING FUEL
BUSHEL
INTEREST ON OPERATING CAPITAL
$265.66
0.5
8.5%
11.29
TOTAL VARIABLE COSTS LISTED ABOVE
$356.44
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
FERTILIZER SPREADING
NO-TILL PLANTING WITH FERTILIZER
NITROGEN APPLICATION
PESTICIDE APPLICATIONS
HARVESTING
HAULING
INTEREST ON SPRING CUSTOM CHARGES
ACRE
ACRE
ACRE
ACRE
ACRE
BUSHEL
47.28
1
1
1
1
1
150
0.5
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
1
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
YIELDS
112.5
150
187.5
$3.00
($225.55)
($113.05)
($0.55)
8.28
19.30
10.63
9.07
30.82
0.19
8.5%
98.00
PRICES
$4.00
($113.05)
$36.95
$186.95
Assumptions:
Non-continuous corn so soil insecticide may not be necessary.
If following beans add 20 lb N credit
Local hauling within 30 miles of farm
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
Bt seed corn, hybrid, mid price grade
Sensitivity analysis based on 75%,100% and 125% of typical yield and current forward contract price.
CORN GRAIN NO TILL
8.28
19.30
10.63
9.07
30.82
28.50
2.01
98.00
$206.61
$563.05
$36.95
$5.00
($0.55)
$186.95
$374.45
CORN GRAIN, CONVENTIONAL NON-IRRIGATED
ITEM
GROSS INCOME
CORN GRAIN
VARIABLE COSTS
SEED
SOIL TEST
NITROGEN
PHOSPHATE
POTASH
LIME
LUMAX
ATRAZINE
UNIT
PER ACRE FOR
QUANTITY
2016
PRICE
TOTAL
BUSHEL
150
$4.00
$600.00
1000 SEEDS
ACRE
POUND
POUND
POUND
TON
QUART
QUART
32
1
150
30
60
0.5
2.5
0.5
$3.16
0.30
0.38
0.53
0.32
45.00
13.50
4.00
$101.12
0.30
57.00
15.90
19.20
22.50
33.75
2.00
1
25.49
25.49
150
0.36
54.00
CROP INSURANCE (RP 75%)
ACRE
DRYING FUEL
BUSHEL
INTEREST ON OPERATING CAPITAL
$251.77
0.5
8.5%
10.70
TOTAL VARIABLE COSTS LISTED ABOVE
$341.96
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
CHISEL PLOWING
ACRE
1
$19.36
$19.36
DISKING
ACRE
1
22.61
22.61
FIELD CULTIVATOR/FINISHER
ACRE
1
17.70
17.70
FERTILIZER SPREADING
ACRE
1
8.28
8.28
PLANTING WITH FERTILIZER
ACRE
1
17.35
17.35
NITROGEN APPLICATION
ACRE
1
10.63
10.63
PESTICIDE APPLICATIONS
ACRE
1
9.07
9.07
HARVESTING
ACRE
1
30.82
30.82
HAULING
BUSHEL
150
0.19
28.50
INTEREST ON SPRING CUSTOM CHARGES
$105.00
0.5
8.5%
4.46
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
YIELDS
112.5
150
187.5
1
$3.00
($271.24)
($158.74)
($46.24)
98.00
PRICES
$4.00
($158.74)
($8.74)
$141.26
Assumptions:
Non-continuous corn so soil insecticide may not be necessary.
Local hauling within 30 miles of farm
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
Bt seed corn, hybrid, mid price grade
Sensitivity analysis based on 75%,100% and 125% of typical yield and current forward contract price.
CORN GRAIN CONVENTIONAL NON-IR
98.00
$266.78
$608.74
($8.74)
$5.00
($46.24)
$141.26
$328.76
CORN GRAIN, NO-TILL IRRIGATED
ITEM
GROSS INCOME
CORN GRAIN
VARIABLE COSTS
SEED RR
SOIL TEST
NITROGEN
PHOSPHATE
POTASH
LIME
LUMAX
ATRAZINE
ROUNDUP
PER ACRE FOR
UNIT
QUANTITY
PRICE
2016
TOTAL
BUSHEL
200
$4.00
$800.00
1000 SEEDS
ACRE
POUND
POUND
POUND
TON
QUART
QUART
QUART
36
1
200
45
100
0.5
2.5
0.5
1
$3.43
0.30
0.38
0.53
0.32
45.00
13.50
4.00
5.25
$123.48
0.30
76.00
23.85
32.00
22.50
33.75
2.00
5.25
1
27.79
CROP INSURANCE (RP 75%)
ACRE
DRYING FUEL
IRRIGATION EXPENSE (eletric, fuel, etc)
IRRIGATION REPAIR & MAINTENANCE
BUSHEL
INCH
ACRE
200
10
1
0.40
7.78
10.00
27.79
0.00
80.00
77.80
10.00
INTEREST ON OPERATING CAPITAL
$319.13
0.5
8.5%
13.56
TOTAL VARIABLE COSTS LISTED ABOVE
$528.28
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
FERTILIZER SPREADING
ACRE
1
8.28
8.28
NO-TILL PLANTING WITH FERTILIZER
ACRE
1
19.30
19.30
NITROGEN APPLICATION
ACRE
1
10.63
10.63
PESTICIDE APPLICATIONS
ACRE
1
9.07
9.07
HARVESTING
ACRE
1
30.82
30.82
HAULING
BUSHEL
200
0.19
38.00
INTEREST ON SPRING CUSTOM CHARGES
47.28
0.5
8.5%
2.01
IRRIGATION PAYMENT (including interest)
ACRE
1
150.00
150.00
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
YIELDS
150
200
250
1
$3.00
($444.39)
($294.39)
($144.39)
98.00
PRICES
$4.00
($294.39)
($94.39)
$105.61
Assumptions:
Non-continuous corn so soil insecticide may not be necessary.
If following beans add 20 lb N credit
Local hauling within 30 miles of farm
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
Bt seed corn, hybrid, mid price grade
Sensitivity analysis based on 75%,100% and 125% of typical yield and current forward contract price.
Average variable cost for irrigation (electric, diesel, gas) = $7.78/inch
Average variable cost for irrigation (repair/maintenance) = $10/acre
Average fixed cost (irrigation payments) =~$150/acre
CORN GRAIN - IRRIGATED
98.00
$366.11
$894.39
($94.39)
$5.00
($144.39)
$105.61
$355.61
CORN GRAIN, NO-TILL, POULTRY LITTER
PER ACRE FOR
UNIT
QUANTITY
PRICE
2016
TOTAL
ITEM
GROSS INCOME
CORN GRAIN
VARIABLE COSTS
SEED RR
SOIL TEST
NITROGEN
PHOSPHATE
POTASH
POULTRY LITTER 70.44-59.42-46.86 lbs/ton
LIME
LUMAX
ATRAZINE
ROUNDUP
BUSHEL
150
$4.00
$600.00
1000 SEEDS
ACRE
POUND
POUND
POUND
TON
TON
QUART
QUART
QUART
32
1
80
0
0
2
0.5
2.5
0.5
1
$3.43
0.30
0.38
0.53
0.32
12.00
45.00
13.50
4.00
5.25
$109.76
0.30
30.40
0.00
0.00
24.00
22.50
33.75
2.00
5.25
CROP INSURANCE (RP 75%)
ACRE
1
25.49
25.49
DRYING FUEL
BUSHEL
150
0.40
60.00
INTEREST ON OPERATING CAPITAL
$227.96
0.5
8.5%
9.69
TOTAL VARIABLE COSTS LISTED ABOVE
$323.14
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
MANURE HAULING
TON
2
8.69
17.38
MANURE LOADING
TON
2
9.00
18.00
MANURE SPREADING - LITTER
TON
2
7.82
15.64
MINIMAL TILLAGE
ACRE
1
18.55
18.55
NO-TILL PLANTING
ACRE
1
19.30
19.30
NITROGEN APPLICATION
ACRE
1
10.63
10.63
PESTICIDE APPLICATIONS
ACRE
1
9.07
9.07
HARVESTING
ACRE
1
30.82
30.82
HAULING
BUSHEL
150
0.19
28.50
INTEREST ON SPRING CUSTOM CHARGES
91.19
0.5
8.5%
3.88
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
YIELDS
112.5
150
187.5
1
$3.00
($255.40)
($142.90)
($30.40)
98.00
PRICES
$4.00
($142.90)
$7.10
$157.10
Assumptions:
Non-continuous corn so soil insecticide may not be necessary.
If following beans add 20 lb N credit
Local hauling within 30 miles of farm
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
Bt seed corn, hybrid, mid price grade
Poultry litter estimates - Economic Value of Poultry Litter 2002. Lichtenberg, Parker, Lynch.
Litter will provide nitrogen availability at year 2 20% and year 3 5%
Sensitivity analysis based on 75%,100% and 125% of typical yield and current forward contract price.
CORN GRAIN NO TILLwLITTER
98.00
$269.77
$592.90
$7.10
$5.00
($30.40)
$157.10
$344.60
SOYBEANS RR READY
ITEM
GROSS INCOME
SOYBEANS
VARIABLE COSTS
SEED
SOIL TESTING
PER ACRE FOR
UNIT
2016
PRICE
TOTAL
40
$9.54
$381.60
1000 SEEDS
ACRE
150
1
$0.45
0.30
$67.50
0.30
PHOSPHATE
POTASH
LIME
GRAMOXONE INTEON
ROUNDUP
WARRIOR
POUND
POUND
TON
PINT
QUART
OUNCE
45
40
0.5
2
1
3
0.53
0.32
45.00
4
5.25
3.25
23.85
12.80
22.50
8
5.25
9.75
CROP INSURANCE (RP 75%)
ACRE
1
14.90
14.90
0.5
8.5%
6.37
INTEREST ON OPERATING CAPITAL
BUSHEL
QUANTITY
$149.95
TOTAL VARIABLE COSTS LISTED ABOVE
$171.22
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
FERTILIZER APPLICATION
ACRE
1
8.28
8.28
SOYBEAN - NoTill
ACRE
1
19.38
19.38
PESTICIDE APPLICATIONS
ACRE
3
9.07
27.21
HARVESTING
ACRE
1
30.93
30.93
HAULING
BUSHEL
40
0.19
7.60
INTEREST ON SPRING CUSTOM CHARGES
$54.87
0.5
8.5% $
2.33
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
YIELDS
30
40
50
1
98.00
$7.16
($150.30)
($78.75)
($7.20)
PRICES
$9.54
($78.75)
$16.65
$112.05
Assumptions
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
Local hauling within 30 miles of farm
Sensitivity analysis based on 75%,100% and 125% of typical yield and current forward contract price.
SOYBEANS
98.00
$193.73
$364.95
$16.65
$11.93
($7.20)
$112.05
$231.30
WHEAT
PER ACRE FOR
UNIT
QUANTITY
2016
ITEM
GROSS INCOME
WHEAT
VARIABLE COSTS
SEED
SOIL TESTING
NITROGEN
PHOSPHATE
POTASH
LIME
BUSHEL
75
$5.19
$389.25
POUND
ACRE
POUND
POUND
POUND
TON
150
1
70
40
40
0.5
$0.28
0.30
0.38
0.53
0.32
45.00
$42.00
0.30
26.60
21.20
12.80
22.50
HARMONY GT XP
TILT
WARRIOR
OSPREY
OUNCE
OUNCE
OUNCE
OUNCE
0.5
4
3
4.75
10.75
1.00
3.25
3.10
5.38
4.00
9.75
14.73
CROP INSURANCE (RP 75%)
ACRE
1.00
PRICE
13.15
TOTAL
13.15
INTEREST ON OPERATING CAPITAL
$159.25
0.5
8.5%
6.77
TOTAL VARIABLE COSTS LISTED ABOVE
$179.17
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
SPREADING FERTILIZER
ACRE
2
$8.28
$16.56
VERTICAL TILLAGE
ACRE
2
18.55
37.10
BROADCAST SEEDING
ACRE
1
19.92
19.92
PESTICIDE APPLICATION
ACRE
2
9.07
18.14
HARVESTING
ACRE
1
31.08
31.08
HAULING
BUSHEL
75
0.19
14.25
INTEREST ON FALL CUSTOM CHARGES
$91.72
0.5
8.5%
3.90
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
YIELDS
56.25
75
93.75
1
98.00
$3.89
($199.16)
($126.18)
($53.19)
PRICES
$5.19
($126.18)
($28.87)
$68.45
Assumptions
Local hauling within 30 miles of farm
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
Sensitivity analysis based on 75%,100% and 125% of typical yield and current forward contract price.
WHEAT
98.00
$238.95
$418.12
($28.87)
$6.49
($53.19)
$68.45
$190.09
WHEAT/SOYBEAN DOUBLE CROP
ITEM
GROSS INCOME
WHEAT
SOYBEANS
TOTAL GROSS INCOME
VARIABLE COSTS
SEED-WHEAT
SEED-SOYBEANS
SOIL TEST
NITROGEN
PHOSPHATE
POTASH
LIME
HARMONY GT XP
OSPREY
SURFACTANT
TILT
WARRIOR
GRAMOXONE INTEON
ROUNDUP
CROP INSURANCE-WHEAT (RP 75%)
CROP INSURANCE-BEANS (RP 75%)
PER ACRE FOR
UNIT
QUANTITY
BUSHEL
BUSHEL
75
35
POUND
1000 SEEDS
ACRE
POUND
POUND
POUND
TON
OUNCE
OUNCE
QUART
OUNCE
OUNCE
PINT
QUART
ACRE
ACRE
150
175
1
70
85
75
0.5
0.5
4.75
1
4
6
3
1
1.00
1.00
2016
PRICE
$5.19
$9.54
$0.28
0.45
0.30
0.38
0.53
0.32
45.00
10.75
3.10
2.25
1.00
3.25
4.00
5.25
13.15
14.90
TOTAL
$389.25
$333.90
$723.15
$42.00
78.75
0.30
26.60
45.05
24.00
22.50
5.38
14.73
2.25
4.00
19.50
12.00
5.25
13.15
14.90
INTEREST ON OPERATING CAPITAL
$302.30
0.50
8.5%
12.85
TOTAL VARIABLE COSTS LISTED ABOVE
343.20
NET INCOME OVER VARIABLE COSTS LISTED ABOVE
$379.95
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
FERTILIZER SPREADING
ACRE
2
8.28
16.56
VERTICAL TILLAGE
ACRE
2
18.55
37.10
BROADCAST SEEDING
ACRE
1
9.83
9.83
NOTILL DRILLING
ACRE
1
19.92
19.92
PESTICIDE APPLICATION
ACRE
4
9.07
36.28
HARVESTING
ACRE
2
31.08
62.16
HAULING
BUSHEL
110
0.19
20.90
INTEREST ON FALL/SPRING CUSTOM CHARG
$119.69
0.5
8.5%
5.09
LAND CHARGE
ACRE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
1
WHEAT
NET INCOME ABOVE VARIABLE AND
FIXED COSTS LISTED ABOVE FOR
VARIOUS YIELDS AND PRICES
Sensitivity Analysis based on soybeans/wheat yield and price
BEAN
56
75
94
26
35
44
98.00
PRICES
$3.89
$7.16
($242.26)
($106.67)
$28.92
Assumptions
Local hauling within 30 miles of farm
Fertility rates based on MCE SFM-1 guidelines
Assuming medium fertility levels
1 Post-plant bean glyphosate application
Sensitivity analysis based on 75%,100% and 125% of yield of beans and current forward contract price of beans/wheat.
WHEAT SOYBEAN DOUBLE CROP
98.00
$305.84
$649.03
$74.12
$5.19
$9.54
($106.67)
$74.12
$254.90
$6.49
$11.93
$28.92
$254.90
$480.89
CROP:
ITEM
YEAR:
UNIT
QUANTITY
PRICE
TOTAL
GROSS INCOME
VARIABLE COSTS
SEED
SOIL TEST
NITROGEN
PHOSPHATE
POTASH
LIME
PESTICIDES
CROP INSURANCE
DRYING FUEL
INTEREST ON OPERATING CAPITAL
TOTAL VARIABLE COSTS LISTED ABOVE
FIXED/OVERHEAD COSTS (CUSTOM RATES ARE USED AS A PROXY FOR FIELD OPERATION COSTS)
LAND CHARGE
TOTAL FIXED COST LISTED ABOVE
TOTAL VARIABLE AND FIXED COST LISTED ABOVE
NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE
Cost Per Acre
Cost Per Acre
Corn - No Till
Corn - Conventional
2007
$362.40
$379.40
2008
$470.72
$515.34
2009
$521.49
$539.81
2010
$525.26
$530.09
2011
$568.66
$569.32
2012
$572.54
$573.21
2013
$552.86
$588.64
2014
$506.66
$545.52
2015
$589.64
$585.36
2016
$563.05
$608.74
** Historical Chart is based on prices in the January - March of each year
Soybeans
$234.26
$307.12
$410.69
$405.77
$348.06
$355.69
$350.10
$364.77
$357.51
$364.95
Wheat
$309.27
$390.14
$406.20
$407.26
$436.75
$433.19
$442.31
$427.35
$439.52
$418.12
Wheat/Beans
$395.89
$562.34
$630.51
$640.60
$653.83
$655.56
$669.60
$662.17
$659.73
$649.03
2010
Corn - No Till Corn - Conven
$525.26
$530.09
Soybeans
$405.77
Wheat
$407.26
Wheat/Beans
$640.60
Cost Per Acre 2010
$700.00
$600.00
$500.00
$400.00
659.7332313
$300.00
$200.00
$100.00
$0.00
COST PER ACRE
$700.00
Corn - No Till
2007
$600.00
2010
2011
$700.00
$300.00
2012
$600.00
$200.00
2013
$500.00
2014
$400.00
2015
$300.00
2016
$200.00
$100.00
$0.00
Corn - No Till
Corn - Conventional
Soybeans
Wheat
Wheat
Corn - No Till Corn - Conven
2011
$568.66
$569.32
2009
$400.00
Soybeans
Wheat/Beans
Cost Per Acre
2008
$500.00
Corn - Conventional
Soybeans
$348.06
Wheat
$436.75
Cost Per Acre 2011
$568.66
Wheat/Beans
$653.83
$653.83
$569.32
$436.75
$348.06
$100.00
$0.00
Corn - No Till
Cost Per Acre 2015
2015
$600.00
Soybeans
Corn - No Till
Corn - Conventional
$589.64
$585.36
$589.64
Soybeans
$357.51
Wheat
$439.52
Wheat/Beans
$659.73
$572.54
$600.00
$659.73
$0.00
Corn - Conventional
$573.21
Soybeans
$355.69
Cost Per Acre 2012
$355.69
$400.00
Corn - No Till
Corn - No Till
Corn - No Till Corn - Conven
$572.54
$573.21
Soybeans
Wheat
Wheat/Beans
Corn - Conventional
Soybeans
Cost Per Acre 2016
2013
Soybeans
$364.95
Wheat
$418.12
Wheat/Beans
$649.03
Cost Per Acre 2016
$800.00
$600.00
$400.00
$200.00
$700.00
$600.00
$500.00
$400.00
$300.00
$200.00
$100.00
$0.00
$552.86
$655.56
$433.19
Soybeans
Wheat
Wheat/Beans
Wheat
Wheat/Beans
$552.86
Soybeans
$588.64
$588.64
Wheat
$350.10
Cost Per Acre 2013
Wheat/Beans
$442.31
$669.60
$669.60
$442.31
$350.10
Corn - No Till
$0.00
Corn - Conventional
Wheat/Beans
$655.56
Cost Per Acre
Corn - No Tillorn - Convention
Corn - No Till
Corn - Conventional
$563.05
$608.74
Wheat
$433.19
$0.00
$200.00
Corn - No Till
Wheat/Beans
$200.00
$439.52
$357.51
2012
$800.00
$585.36
$400.00
2016
Wheat
Cost Per Acre
Cost Per Acre 2015
$800.00
Corn - Conventional
Corn - Conventional
Soybeans
Wheat
Wheat/Beans