November 24, 2020

Crop Cost and Returns

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. On this Purdue Commercial AgCast episode, Dr. Michael Langemeier and Dr. Brady Brewer discuss the latest numbers from the Purdue Center for Commercial Agriculture’s decision tool along with tips on how to use this tool to make farm operating decisions. The guide tool discussed in this episode can be accessed and downloaded at https://purdue.ag/budget2021.

TAGS:

application, corn, fertilizer, labor, soybeans, wheat

TEAM LINKS:

Brady Brewer

Michael Langemeier

RELATED RESOURCES

February Indiana Crop Basis Update & Using the Crop Basis Tool to Plan Storage Hedges

February 14, 2025

Since the beginning of December, corn and soybean basis across Indiana have generally been stable. Over the 10 weeks, most basis levels stayed within a $0.10/bu. range.

2025 Crop Cost and Return Guide

February 10, 2025

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2025 crop budget estimations for 2025.

Benchmarking Labor Efficiency and Productivity

February 6, 2025

Labor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms. Labor benchmarks should include family and operator labor as well as hired labor.