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.

 

2021 Crop Budget Guide, page 1

2021 Crop Budget Guide, page 2

2021 Crop Budget Guide, page 3

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