Crop Budget Spreadsheet

by Michael Langemeier

Updated January 2023

This spreadsheet can be used along with the Purdue Crop Cost & Return Guide to examine gross revenue, costs, and earnings for crop enterprises.  The 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.

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RELATED RESOURCES

2023 Crop Cost and Return Guide

February 28, 2023

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2023 crop budget estimations for 2023.

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Making Your 2023 Crop Insurance Decision

February 24, 2023

Now is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert walk participants through key considerations for their 2023 insurance options. In particular, they discuss a handy thumb rule to use when considering an increase in coverage levels for RP insurance.

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February Corn & Soybean Outlook Update

February 10, 2023

Recorded February 10 | Purdue agricultural economists Nathanael Thompson, Michael Langemeier, and James Mintert discussed the corn and soybean outlook following USDA’s February World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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UPCOMING EVENTS

Monthly Corn & Soybean Outlook Update

Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Catch the next monthly update on April 1 for the corn and soybean outlook following release of USDA’s Prospective Plantings reports. Registration is free.

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