March 22, 2022

2022 Crop Cost and Return Guide

March 2022 Estimates

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2022 crop budget estimations for 2022; 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.

**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.

Print Friendly Version

TAGS:

application, crop cost & return guide, crops, fertilizer, wheat

TEAM LINKS:

Bill Johnson

Craig Dobbins

Michael Langemeier

Robert Nielsen

Shaun Casteel

Tony Vyn

RELATED RESOURCES

The Right Way to Cut Costs

December 23, 2025

Tight margins often trigger cost-cutting decisions, but not all cuts improve profitability. This article explains how marginal analysis can help producers evaluate fertilizer, seed, and seeding rate decisions to protect returns when prices are low.

Crop Net Return Prospects, Presentation at Farmer Appreciation Breakfast

December 12, 2025

Michael Langemeier presented in Vincennes, Indiana on December 11, 2025, on crop net returns prospects.

Machinery Cost Benchmarks for Corn & Soybeans

December 3, 2025

Benchmark machinery costs for corn and soybean farms and see how expenses differ by farm size and net return category. The article also reviews long-term machinery cost trends from 2007–2024 to help producers assess scale efficiencies and compare their own costs to industry benchmarks.

Farm Shield: Protecting Your Legacy from Life’s Uncertainties Conference, Purdue Extension

January 27 or 28, 2026

Farm Shield is more than a conference, it’s a commitment to helping agricultural families build resilience and plan for a secure future. Don’t miss this opportunity to protect your legacy!

Top Farmer Conference 2026

January 9, 2026

A management programs geared specifically for farmers. Surrounded by farm management, farm policy, agricultural finance and marketing experts, and a group of your peers, the conference will stimulate your thinking about agriculture’s future and how you can position your farm to be successful in the years ahead.

2026 Crop Cost and Return Guide

September 16, 2025

The 2026 Purdue Crop Cost and Return Guide provides estimated costs and net returns for planting, growing, and harvesting corn, soybeans, and wheat in the upcoming year. Cost and return information presents information for low, average, and high productivity soils. Early projections point to slightly higher breakeven prices.

2025 Farmland Values & Market Trends

September 9, 2025

Purdue ag economists Todd Kuethe and Michael Langemeier as they discuss Indiana farmland values on this, the first of two episodes reviewing the 2025 Purdue Farmland Values and Cash Rental Rates survey results. The survey shows Indiana land prices continue to rise and are anticipated to continue a modest increase for the rest of 2025 for most of the state.

Farmland Prices Increase Despite Downward Pressure, Purdue Ag Econ Report August 2025

August 19, 2025

Indiana farmland prices have continued the trend of record highs in 2025, according to the latest Purdue Farmland Value and Cash Rents Survey results. The average price of top-quality farmland reached $14,826 per acre, a 3.0% increase from June 2024. Statewide, cash rents increased from 1.5 to 1.7% for poor-, average-, and top-quality land.

See What Others Like >>