February 23, 2021
2021 Crop Cost and Return Guide
February 2021 Estimates
The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2021 crop budget estimations for 2021; prepared by Purdue faculty members Michael Langemeier and Craig Dobbins, Department of Agricultural Economics; Bob Nielsen, Tony Vyn and Shaun Casteel, Department of Agronomy; and Bill Johnson, Department of Botany and Plant Pathology.
Michael Langemeier and Brady Brewer discuss the numbers from this decision tool guide along with tips on how to use this tool to make farm operating decisions on episode 31 of the Purdue Commercial AgCast – listen to it here or anywhere you access your podcasts.
**Find the companion spreadsheet tool to examine gross revenue, costs, and earnings for crop enterprises here. A user can evaluate up to three full-season crops, and the wheat double-crop soybean system. Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. Breakeven prices to cover variable and total cost are computed for each crop.
Join us Wednesday, March 10 at 12:30 p.m. EST for an update on the corn and soybean outlook following release of USDA’s March Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free but necessary to receive the link to join live or get notice of the webinar recording.Read More
Mark your calendar: Monday, March 1 at 10:30 a.m. EST – Purdue ag economists Michael Langemeier and James Mintert will provide insight into decision making on crop insurance. Registration is free but necessary to receive the link to join live or get notice of the webinar recording.Read More