Editor's Picks
Tag: crop budgets
2023 Nebraska Crop Production Budgets — Higher Costs and Risks Dec 5, 2022
The 1Nebraska crop budgets were recently updated for 2023. All of the 84 budgets indicate cost of production increases. Estimated average economic or total costs per bushel for 2023 corn production are […]
4 Highly Effective Financial Habits for Farmers Nov 2, 2022
Use your accounting processes to evaluate, forecast and plan Think about how your farm has grown in size and scope in the past decade. Has your financial reporting followed suit? […]
When Creating 2022 Crop Budgets, Keep in Mind Family Living Costs Oct 24, 2022
In 2020, the total noncapital living expenses of 1,088 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $76,672–or about $6,400 a month for each family […]
Illinois: Projected Wheat Double-Crop Soybean Profitability in 2023 Aug 27, 2022
In the August version of the 2023 Illinois Crop Budgets, wheat plus double-crop soybean is projected to be much more profitable than stand-alone corn and stand-alone soybeans in southern Illinois. Wheat-double-crop-soybeans has […]
Illinois Corn, Soybeans: 2023 Crop Budgets – Higher Costs and Lower Returns Aug 6, 2022
The first release of the 2023 Illinois Crop Budgets is available on farmdoc. Costs are projected to increase in 2023 from 2022 levels. At projected cost levels, per bushel prices of $5.30 for […]
Illinois Corn, Soybeans: Production Cost Comparisons from 2020 to 2021 Apr 21, 2022
In 2021, the total of all economic costs per acre for growing corn in Illinois averaged $952 in the northern section, $960 in the central section for farmland with “high” […]
Arkansas Rice: Prevented Planting Decisions Apr 20, 2022
With heavy rainfall this week and more expected over the weekend, discussions surrounding running into prevented planting have started to pick up. While for rice we still have until May […]
Illinois Crop Budgets: Projected Profits Even with Record Costs Apr 14, 2022
Illinois crop budgets for 2022 have been revised from their December release. Projected costs have been raised for 2022, and corn and soybean costs are at their highest in history. […]
Illinois Wheat: A More Profitable Option for 2023? Apr 1, 2022
The Ukraine-Russia war has resulted in much higher wheat prices as both Ukraine and Russia are significant exporters of wheat. As a result, some Illinois farmers may be considering planting […]
Texas: Profitability Spreadsheet Workshops Set in South Plains Jan 22, 2022
The Texas A&M AgriLife Extension Service will be holding three free workshops to better help farmers understand and utilize profitability spreadsheets for their crop budgets. A Profitability Workshop will be held […]
