corn acres soybean acres wheat and other rotation crops
Wheat Rotation Study
Ridgetown Long Term Rotation Study Five crop rotations
C-C C-S C-S-W S-S S-W
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Objective To determine the impact of wheat in the rotation
133
150154 152150
156159
156
178
186
157
175
198
162
184
100
120
140
160
180
200
220
2009 2010 2011 2012
Corn
Yie
ld (b
ua)
Rotation Effect - Corn
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
C-S-
W
C-S
C-C
+34 (45 bu)
+32 (48 bu)
+5(8 bu)
+21 (32 bu)
Overall 23 increase
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
Rotation Effect - Soybean
50
42
60
73
55
43
62
78
60
47
69
86
30
40
50
60
70
80
90
2009 2010 2011 2012
Soyb
ean
Yiel
d (b
ua)
C-S-
W
C-S-
W
C-S-
W
C-S-
W
C-S
C-S
C-S
C-S
S-S
S-S
S-S
S-S
+20 (10 bu)
+12 (5 bu)
+15 (9 bu)
+18 (13 bu)
Overall 16 increase
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Agenda
Why plant wheat Fall management Springsummer management Cost of production
corn acres soybean acres wheat and other rotation crops
Wheat Rotation Study
Ridgetown Long Term Rotation Study Five crop rotations
C-C C-S C-S-W S-S S-W
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Objective To determine the impact of wheat in the rotation
133
150154 152150
156159
156
178
186
157
175
198
162
184
100
120
140
160
180
200
220
2009 2010 2011 2012
Corn
Yie
ld (b
ua)
Rotation Effect - Corn
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
C-S-
W
C-S
C-C
+34 (45 bu)
+32 (48 bu)
+5(8 bu)
+21 (32 bu)
Overall 23 increase
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
Rotation Effect - Soybean
50
42
60
73
55
43
62
78
60
47
69
86
30
40
50
60
70
80
90
2009 2010 2011 2012
Soyb
ean
Yiel
d (b
ua)
C-S-
W
C-S-
W
C-S-
W
C-S-
W
C-S
C-S
C-S
C-S
S-S
S-S
S-S
S-S
+20 (10 bu)
+12 (5 bu)
+15 (9 bu)
+18 (13 bu)
Overall 16 increase
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
corn acres soybean acres wheat and other rotation crops
Wheat Rotation Study
Ridgetown Long Term Rotation Study Five crop rotations
C-C C-S C-S-W S-S S-W
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Objective To determine the impact of wheat in the rotation
133
150154 152150
156159
156
178
186
157
175
198
162
184
100
120
140
160
180
200
220
2009 2010 2011 2012
Corn
Yie
ld (b
ua)
Rotation Effect - Corn
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
C-S-
W
C-S
C-C
+34 (45 bu)
+32 (48 bu)
+5(8 bu)
+21 (32 bu)
Overall 23 increase
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
Rotation Effect - Soybean
50
42
60
73
55
43
62
78
60
47
69
86
30
40
50
60
70
80
90
2009 2010 2011 2012
Soyb
ean
Yiel
d (b
ua)
C-S-
W
C-S-
W
C-S-
W
C-S-
W
C-S
C-S
C-S
C-S
S-S
S-S
S-S
S-S
+20 (10 bu)
+12 (5 bu)
+15 (9 bu)
+18 (13 bu)
Overall 16 increase
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Wheat Rotation Study
Ridgetown Long Term Rotation Study Five crop rotations
C-C C-S C-S-W S-S S-W
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Objective To determine the impact of wheat in the rotation
133
150154 152150
156159
156
178
186
157
175
198
162
184
100
120
140
160
180
200
220
2009 2010 2011 2012
Corn
Yie
ld (b
ua)
Rotation Effect - Corn
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
C-S-
W
C-S
C-C
+34 (45 bu)
+32 (48 bu)
+5(8 bu)
+21 (32 bu)
Overall 23 increase
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
Rotation Effect - Soybean
50
42
60
73
55
43
62
78
60
47
69
86
30
40
50
60
70
80
90
2009 2010 2011 2012
Soyb
ean
Yiel
d (b
ua)
C-S-
W
C-S-
W
C-S-
W
C-S-
W
C-S
C-S
C-S
C-S
S-S
S-S
S-S
S-S
+20 (10 bu)
+12 (5 bu)
+15 (9 bu)
+18 (13 bu)
Overall 16 increase
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
133
150154 152150
156159
156
178
186
157
175
198
162
184
100
120
140
160
180
200
220
2009 2010 2011 2012
Corn
Yie
ld (b
ua)
Rotation Effect - Corn
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
C-S-
W
C-S
C-C
+34 (45 bu)
+32 (48 bu)
+5(8 bu)
+21 (32 bu)
Overall 23 increase
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
C-S-
W
C-S
C-C
C-S-
Wr
c
Rotation Effect - Soybean
50
42
60
73
55
43
62
78
60
47
69
86
30
40
50
60
70
80
90
2009 2010 2011 2012
Soyb
ean
Yiel
d (b
ua)
C-S-
W
C-S-
W
C-S-
W
C-S-
W
C-S
C-S
C-S
C-S
S-S
S-S
S-S
S-S
+20 (10 bu)
+12 (5 bu)
+15 (9 bu)
+18 (13 bu)
Overall 16 increase
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Rotation Effect - Soybean
50
42
60
73
55
43
62
78
60
47
69
86
30
40
50
60
70
80
90
2009 2010 2011 2012
Soyb
ean
Yiel
d (b
ua)
C-S-
W
C-S-
W
C-S-
W
C-S-
W
C-S
C-S
C-S
C-S
S-S
S-S
S-S
S-S
+20 (10 bu)
+12 (5 bu)
+15 (9 bu)
+18 (13 bu)
Overall 16 increase
Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Rotation Effect ndash Soybean wrc
61
56
63
59
686667 68
40
45
50
55
60
65
70
Soyb
ean
Yiel
d (b
ua)
No-Till Conventional Till
C-S-
W
C-S
S-S
C-S-
Wr
c
C-S-
W
C-S
S-S
C-S-
Wr
c
No significant decrease in yield
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Advantages for Producers to Plant Winter Wheat
Rotation
bull Improve soil health amp fertility
bull Provides additional crop in their production mix
Spread Work Load
bull Allows time to perform field improvements
bull Gets away from all fall harvested crops
Cash Flow
bull Generates revenue outside of fall sales
Source Jeff Kuehnlein MAC MABA Winter Meeting 2016
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Fall Management
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Planting Dates
Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_
2015_winter_wheat_crop Hasnrsquot been any recent problems with
BYDV but should still use as a guide Target end of Septemberearly October
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Planting Dates
goal 2 to 3 tillers by winter adds 1 bu per day (relationship not
hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Variety Selection
Use Multi-Year Performance Data
Yield Test Weight Height Lodging Winter Hardiness Disease Scoring
httpwwwvarietytrialsmsueduwheat
Seed Source
Certified vs Non-Certified Germination Purity Free of foreign material
(weed seed) 0 sprouting
Seed Placement Prepare soil with minimum tillage
(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils
Seeding Rate
Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29
seedsfoot for 7 inch rows)
ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Seed Source
Certified vs Non-Certified Germination Purity Free of foreign material
(weed seed) 0 sprouting
Seed Placement Prepare soil with minimum tillage
(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils
Seeding Rate
Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29
seedsfoot for 7 inch rows)
ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Seed Placement Prepare soil with minimum tillage
(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils
Seeding Rate
Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29
seedsfoot for 7 inch rows)
ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Seeding Rate
Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29
seedsfoot for 7 inch rows)
ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Fall Fertility
Soil Test pH P K Mn in some areas
Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test
Weed Control
Control all annuals and perennials prior to planting
Optimum wheat stands may mean therersquos no need for chemical control
Apply chemicals at proper time at low rates
SpringSummer Management
Nitrogen Recemmendation
MSU recrsquod N = (133 x yield potential) ndash 13
if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N
If use little or no N in Fall 11 lb N bu of YP may be reasonable
Grain yield and head number in response to fertilizer N rate
2008-2010
152535455565758595
105115
0 45 90 135
Hea
ds (
fo
ot ro
w)
and
Gra
in
Yiel
d (b
u a
c)
N Rate
Yield
Heads Crystal RubyHopeD8006Coral
RubyHopeD8006CrystalCoral
represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Weed Control
Control all annuals and perennials prior to planting
Optimum wheat stands may mean therersquos no need for chemical control
Apply chemicals at proper time at low rates
SpringSummer Management
Nitrogen Recemmendation
MSU recrsquod N = (133 x yield potential) ndash 13
if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N
If use little or no N in Fall 11 lb N bu of YP may be reasonable
Grain yield and head number in response to fertilizer N rate
2008-2010
152535455565758595
105115
0 45 90 135
Hea
ds (
fo
ot ro
w)
and
Gra
in
Yiel
d (b
u a
c)
N Rate
Yield
Heads Crystal RubyHopeD8006Coral
RubyHopeD8006CrystalCoral
represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
SpringSummer Management
Nitrogen Recemmendation
MSU recrsquod N = (133 x yield potential) ndash 13
if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N
If use little or no N in Fall 11 lb N bu of YP may be reasonable
Grain yield and head number in response to fertilizer N rate
2008-2010
152535455565758595
105115
0 45 90 135
Hea
ds (
fo
ot ro
w)
and
Gra
in
Yiel
d (b
u a
c)
N Rate
Yield
Heads Crystal RubyHopeD8006Coral
RubyHopeD8006CrystalCoral
represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Nitrogen Recemmendation
MSU recrsquod N = (133 x yield potential) ndash 13
if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N
If use little or no N in Fall 11 lb N bu of YP may be reasonable
Grain yield and head number in response to fertilizer N rate
2008-2010
152535455565758595
105115
0 45 90 135
Hea
ds (
fo
ot ro
w)
and
Gra
in
Yiel
d (b
u a
c)
N Rate
Yield
Heads Crystal RubyHopeD8006Coral
RubyHopeD8006CrystalCoral
represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Grain yield and head number in response to fertilizer N rate
2008-2010
152535455565758595
105115
0 45 90 135
Hea
ds (
fo
ot ro
w)
and
Gra
in
Yiel
d (b
u a
c)
N Rate
Yield
Heads Crystal RubyHopeD8006Coral
RubyHopeD8006CrystalCoral
represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Head
line
Head
line
Head
line Pros
aro
Pros
aro
Pros
aro al
l trm
ts
all t
rtm
ts
all t
rtm
ts
0020406080
100120140160180200
2008 2009 2010
Yiel
d ad
vant
age
(bu
ac
)
Average yield response from fungicide useacross five varieties 2008-2010
T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-
Fungicide response depends on fungicide(s) application timing amp disease levels
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
bull Angle nozzles forward or use Twin jet nozzles
bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-
20 gpa water
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)
6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering
bull Planted 10172014bull 90 lbs NA applied at
green upbull 3124 g of colonized
sorghum applied on both 14 amp 26 May 2015
Chilvers et al 2016
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
0
2
4
6
8
10
Dis
ease
inde
x (0
-100
)Head Scab disease index (0-100)-f
ung
-in
noc
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
ab a abab b ab
ab
a a
bab
b
0123456789
DO
N (
ppm
)DON (vomitoxin) (ppm)NS
NS
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Flag leaf disease ()67
53
17 19
10 11 1310
3 1 1 2
25
19
5 7
15
8
43
51
9
17
5
13
0
10
20
30
40
50
60
70
Flag
leaf
dis
ease
(
)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012Chilvers et al 2016
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Yield (buA)
6461
89
8287 85
73 74
9092 91
88
6165
76 75 76 75
59 58
7682 82
73
0102030405060708090
100
Yiel
d (b
uA)
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
-fun
g -
inno
c
-fun
g +
inno
c
Flow
erin
g
+ 2
day
s
+ 4
day
s
+ 6
day
s
Ambassador 9242W F1014 E6012
Chilvers et al 2016
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Fungicide profitabilitydepends on level of response
Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Efficacy of fungicides
No strobilurin ndash can increase DON
Fungicide(s)
Active ingredient ProductRateA (fl oz)
Powdery
mildew
Leafglume
blotch
Septoria leaf spot
Stripe rust
Leaf rust
Stem rust4
Head
scab
Harvest Restrict
Metconazole86 Caramba075 SL
100 -170 VG1 VG VG E E E G 30 days
Prothioconazole 41
Proline 480 SC
50 -57 --2 VG VG VG VG VG G 30 days
tebuconazole387 various3 40 G VG VG E E E F 30 days
Prothioconazole19 plusTebuconazole19
Prosaro 421 SC
65 -82 G VG VG E E E G 30 days
(source North Central Region Committee NC
2015 Trial
Response to increasing inputs on selectedwheat varieties
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
2015 Trial
Response to increasing inputs on selectedwheat varieties
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel
Grain yield and head number in response to fertilizer N rate 2008-2010
Fungicides
Slide Number 25
Head scab management trials
Fusarium Head Blight (Scab)
Head scab management trial
Head Scab disease index (0-100)
DON (vomitoxin) (ppm)
Flag leaf disease ()
Yield (buA)
Fungicide profitabilitydepends on level of response
Slide Number 34
Slide Number 35
Efficacy of fungicides
Slide Number 38
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Cost of Production
Poll 3
Questions Discussion
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
Base
75 bu
120 bu
SOYBEAN
S BEETS
all crop
YIELDAC
9000
BU
7500
BU
12000
CWT
6000
2750
acres
VALUEUNIT
$500
$ 485
$485
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$46500
$37875
$59700
$52500
$139000
3356
67115
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
10000
$4200
7500
$3150
15000
$6300
000
$000
15000
$6300
200
3990
Fert Cost
Phos
5500
$2750
4500
$2250
7000
$3500
4500
$2250
4000
$2000
128
2550
Base
$8650
Potash
5000
$1700
4500
$1530
6000
$2040
8000
$2720
12000
$4080
121
2414
75 bu
$6930
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
120 bu
$11840
SEED
$4400
$4400
$4400
$7400
$22500
431
8620
SOYBEAN
$4970
HERBICIDE
$900
$900
$900
$3380
$4550
106
2126
S BEETS
$12380
INSECTampCHEMICALS
$2250
$2250
$4500
$2700
$9575
213
4255
CROP INS
$600
$600
$600
$1000
$2750
56
1110
FUEL amp Lube
300
$604
250
$503
400
$805
350
$704
1500
$3019
56
1127
REPAIR
070
$1925
070
$1925
070
$1925
070
$1925
225
$6188
139
2778
SUPPLIES
070
$210
070
$210
070
$210
070
$210
200
$600
14
288
UTILITIES
050
$308
050
$308
050
$308
050
$308
100
$615
18
369
MO STORED
000
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
100
$450
100
$375
100
$600
200
$600
000
$000
20
405
DRYING
1500
$000
1500
$000
1500
$000
1500
$000
1500
$000
0
000
TRUCKING
085
$1148
085
$956
085
$1530
100
$900
2750
$11344
159
3176
T VARIABLE
$21444
$19357
$27618
$24097
$73520
1660
33207
Breakeven Var Cash
$238
$258
$230
$402
$2673
FIXED
Factors
Base
75 bu
120 bu
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
05
$675
050
$675
050
$675
050
$675
250
$3375
61
1215
INTEREST
10
$1072
100
$968
100
$1381
100
$1205
100
$3676
83
1660
Breakeven Fixed Cash
$026
$029
$022
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
060
$9000
150
$22500
100
$15000
130
$19500
810
16200
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$194
$153
$208
$292
$800
TotalCash FixedampCapital Exp
$19797
$13693
$27606
$19930
$29601
1106
22125
T EXPENSE CASH
$41241
$33050
$55223
$44027
$103121
2767
55332
Breakeven All Cash Costs
$458
$441
$460
$734
$3750
DEPRECIATION
10
$4700
100
$4700
100
$4700
100
$4700
200
$9400
282
5640
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$45941
$37750
$59923
$48727
$112521
3049
60972
BREAKEVEN
$UNIT
$510
$503
$499
$812
$4092
EXPENSE ALL AC
$45941
$37750
$59923
$48727
$112521
$3049
60972
INCOME PER UNIT
$517
$505
$498
$875
$5055
INCOME ALL AC
$46500
$37875
$59700
$52500
$139000
$3356
67115
NET ALL AC
$559
$125
-$223
$3773
$26479
$307
6143
Breakeven Yield
889
per Ac
748
per Ac
1204
per Ac
557
per Ac
223
per Ac
Return Acre
300
$559
$125
-$223
$3773
$26479
$30713
6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION
vs 120115
2016 early estimate
(enter your actual input costs in this section)
FIXED
NITROGEN $LBS
0420
MKT $BU
0050
INS $AC
550
(non crop insurance)
PHOS $LB
0500
STOR$BU
0040
MO
Interest
0050
(rate paid for money)
POTASH $LB
0340
MOIST
15000
LABORAC
1350
LIME$T
2900
$BU
0035
DRYING
LANDTAX $AC
000
(net after PA116 refunds)
SUPPLIES $AC
300
TRUCK$BU
0150
RENT$AC
15000
(land cost per acre)
REPAIR $AC
2750
FUEL$AC
1750
+15Lube
DEPR $AC
4700
UTILILTY $AC
615
GovPayac
1500
DEBT PAYAC
000
DRAW $AC
2500
You must input these lines
ReturnCapitalampMgt
0000
( return for cash invested in production)
Total for
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
all crop
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
2750
acres
VALUEUNIT
$325
$ 500
$2300
$850
$5000
000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$63250
$46500
$52100
$52500
$139000
3534
70670
ACRES PLANTED
1
AC
$ 1
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
NITROGEN
19000
$7980
10000
$4200
6000
$2520
000
$000
15000
$6300
210
4200
Fert Cost
Phos
6000
$3000
5500
$2750
6000
$3000
4500
$2250
4000
$2000
130
2600
CORN
$12680
Potash
5000
$1700
5000
$1700
6000
$2040
8000
$2720
12000
$4080
122
2448
WHEAT
$8650
LIMESTONE
000
$000
000
$000
000
$000
000
$000
000
$000
0
000
DRYBEANS
$7560
SEED
$12000
$4400
$9000
$7400
$22500
553
11060
SOYBEAN
$4970
HERBICIDE
$5600
$900
$3850
$3380
$4550
183
3656
S BEETS
$12380
INSECTampCHEMICALS
$000
$3750
$2700
$2700
$9575
187
3745
CROP INS
$1600
$600
$2000
$1000
$2750
80
1590
FUEL amp Lube
55
$1107
300
$604
600
$1208
350
$704
1500
$3019
66
1328
REPAIR
10
$2750
070
$1925
100
$2750
070
$1925
225
$6188
155
3108
SUPPLIES
10
$300
070
$210
100
$300
070
$210
200
$600
16
324
UTILITIES
10
$615
050
$308
050
$308
050
$308
100
$615
22
431
MO STORED
00
000
000
000
000
ERRORVALUE
STORAGE
$000
$000
$000
$000
$000
0
000
MARKETING
08
$760
100
$450
500
$550
200
$600
000
$000
24
472
DRYING
200
$3325
1500
$000
1500
$000
1500
$000
1500
$000
33
665
TRUCKING
07
$1995
085
$1148
300
$990
100
$900
2750
$11344
164
3275
T VARIABLE
$42732
$22944
$31215
$24097
$73520
1945
38902
Breakeven Var Cash
$225
$255
$1419
$402
$2673
FIXED
Factors
CORN
WHEAT
DRYBEANS
SOYBEAN
S BEETS
INSURANCE- (non-crop)
10
$550
100
$550
100
$550
100
$550
100
$550
28
550
LABOR
10
$1350
050
$675
100
$1350
050
$675
250
$3375
74
1485
INTEREST
10
$2137
100
$1147
100
$1561
100
$1205
100
$3676
97
1945
Breakeven Fixed Cash
$021
$026
$000
$040
$276
LAND COST
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
TAXS- land
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
RENT
10
$15000
100
$15000
100
$15000
100
$15000
130
$19500
795
15900
DRAW $AC
10
$2500
100
$2500
100
$2500
100
$2500
100
$2500
125
2500
PRINCIPAL PAY
10
$000
100
$000
100
$000
100
$000
100
$000
0
000
Breakeven CapitalMgt
$092
$194
$795
$292
$800
TotalCash FixedampCapital Exp
$21537
$19872
$20961
$19930
$29601
1119
22380
T EXPENSE CASH
$64268
$42816
$52176
$44027
$103121
3064
61282
Breakeven All Cash Costs
$338
$476
$2372
$734
$3750
DEPRECIATION
10
$4700
100
$4700
150
$7050
100
$4700
200
$9400
306
6110
RETURN TO CAPITALampMgt
$000
$000
$000
$000
$000
0
000
TOTAL ALL EXP
$68968
$47516
$59226
$48727
$112521
3370
67392
BREAKEVEN
$UNIT
$363
$528
$2692
$812
$4092
NETACRE
-$5718
-$1016
-$7126
$3773
$26479
EXPENSE ALL AC
$68968
$47516
$59226
$48727
$112521
$3370
67392
INCOME PER UNIT
$333
$517
$2368
$875
$5055
INCOME ALL AC
$63250
$46500
$52100
$52500
$139000
$3534
70670
NET ALL AC
-$5718
-$1016
-$7126
$3773
$26479
$164
3278
Breakeven Yield
2072
per Ac
920
per Ac
250
per Ac
557
per Ac
223
per Ac
Return Acre
300
-$5718
-$1016
-$7126
$3773
$26479
$16392
3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost
vs 160111
2016 estimate
(enter your actual input costs in this section)
Machine Work Rates
FIXED
per Ac
NITROGEN $LBS
$ 0420
per Ac
PHOS $LB
$ 0500
Plow
$ 1665
OVER HEAD
$ 5000
OVERHEAD ACRE
POTASH $LB
$ 0340
Fld Cultivate
$ 1334
500
DEPRECIATION- NON EQUIP
LIME$T
$ 29000
Disc
$ 1257
LandCost
$ 15000
(land cost per acre)
250
INTEREST
MKT $BU
$ 0050
Planting
$ 1880
2500
FAMILY LIVING amp RETURN TO MGT
STOR$BU
$ 0040
MO
Spray
$ 669
100
EMPLOYEE BENEFITS
MOIST
$ 15000
Oth1
$ - 0
1350
LABOR- NON- EQUIPMENT
$BU
$ 0035
DRYING
Oth2
$ - 0
GovPayac
$ 1500
550
INSURANCE
TRUCK$BU
$ 0150
Havesting
$ 3500
900
TAXES Income amp other non -tillable real estate
500
Other CAPITAL COST maintainance
Put in your inputs for this section
$6650
sub total
Total for
all crop
Avg per Acre
ENTERPRISE
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
acres
YIELDAC
19000
BU
9000
BU
2200
CWT
6000
BU
2750
ton
VALUEUNIT
$320
$ 500
$2300
$850
$5000
--------
-------
-------
-------
-------
LDPUnit
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
000
$ - 0
0
000
GovProgPay
$ 1500
$ 1500
$ 1500
$ 1500
$ 1500
75
1500
GROSS INCOME
$ 62300
$ 46500
$ 52100
$ 52500
$ 139000
3524
70480
ACRES PLANTED
1
AC
$ 100
AC
1
AC
1
AC
1
5
CASH COST
AMOUNT
AMOUNT
AMOUNT
AMOUNT
AMOUNT
FERTILIZER COST PER ACRE
NITROGEN
19000
$ 7980
10000
$ 4200
6000
$ 2520
00
$ - 0
15000
$ 6300
210
4200
$12680
CORN
Phos
6000
$ 3000
5500
$ 2750
6000
$ 3000
450
$ 2250
4000
$ 2000
130
2600
$8650
WHEAT
Potash
5000
$ 1700
5000
$ 1700
6000
$ 2040
800
$ 2720
12000
$ 4080
122
2448
$7560
DRY BEAN
LIMESTONE
000
$ - 0
000
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$4970
SOYBEAN
SEED
$ 12000
$ 4400
$ 9000
$ 7700
$ 22500
556
11120
$12380
S BEETS
HERBICIDE
$ 5600
$ 900
$ 3850
$ 3380
$ 4550
183
3656
INSECTampCHEMICALS
$ - 0
$ 3750
$ 2700
$ 2700
$ 9575
187
3745
CROP INS
$ 1600
$ 875
$ 2000
$ 1000
$ 2750
82
1645
minno-till
Planting
10
$ 1880
07
$ 1316
100
$ 1880
15
$ 2820
175
$ 3290
112
2237
Custom Machine Acre
Plowing
10
$ 1665
00
$ - 0
100
$ 1665
00
$ - 0
100
$ 1665
50
999
$9048
CORN
Field Cultivate
10
$ 1334
10
$ 1334
200
$ 2668
00
$ - 0
200
$ 2668
80
1601
$6788
WHEAT
Discing
00
$ - 0
00
$ - 0
000
$ - 0
00
$ - 0
000
$ - 0
0
000
$12801
DRY BEAN
Spray
10
$ 669
20
$ 1338
20
$ 1338
20
$ 1338
50
$ 3345
80
1606
$7658
SOYBEAN
Oth1
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
0
000
$23218
S BEETS
Oth2
00
$ - 0
00
$ - 0
00
$ - 0
00
$ - 0
80
$ - 0
0
000
Harvesting
10
$ 3500
08
$ 2800
15
$ 5250
10
$ 3500
35
$ 12250
273
5460
MO STORED
00
00
000
00
000
STORAGE
$ - 0
$ - 0
$ - 0
$ - 0
$ - 0
0
000
MARKETING
08
$ 713
10
$ 450
500
$ 550
15
$ 450
000
$ - 0
22
433
DRYING
200
$ 3325
150
$ - 0
1500
$ - 0
150
$ - 0
1500
$ - 0
33
665
TRUCKING
07
$ 1995
09
$ 1148
300
$ 990
10
$ 900
2700
$ 11138
162
3234
Sub Total Costs
$ 46960
$ 26961
$ 39451
$ 28758
$ 86110
2282
45648
Breakeven Var Cash
$ 247
$ 300
$ 1793
$ 479
$ 3131
FIXED
Factors
Factors
Factors
Factors
Factors
OVER HEAD COSTS
10
$ 5000
10
$ 5000
13
$ 6250
10
$ 5000
175
$ 8750
300
6000
Land Costs
10
$ 15000
10
$ 15000
10
$ 15000
10
$ 15000
130
$ 19500
795
15900
Breakeven Fixed Cash
$ 105
$ 222
$ 966
$ 333
$ 1027
TotalCash FixedampCapital Exp
$ 20000
$ 20000
$ 21250
$ 20000
$ 28250
1095
21900
T EXPENSE CASH
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
Breakeven All Cash Costs
$ 352
$ 522
$ 2759
$ 813
$ 4159
TOTAL ALL EXP
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
3377
67548
NETACRE
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
EXPENSE ALL AC
$ 66961
$ 46961
$ 60701
$ 48758
$ 114361
$3377
67548
INCOME PER UNIT
$ 328
$ 517
$ 2368
$ 875
$ 5055
INCOME ALL AC
$ 62300
$ 46500
$ 52100
$ 52500
$8
$ 139000
$3532
70640
NET ALL AC
$ (4661)
$ (461)
$ (8601)
$ 3742
$ 24639
$147
2932
Breakeven Yield
2042
BU
909
BU
256
CWT
557
BU
226
ton
Return Acre
-$4661
-$461
-$8601
$3742
$24640
$14660
2932
CORN
WHEAT
DRY BEAN
SOYBEAN
S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
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COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel