November 22, 2023

2024 Crop Cost and Return Guide

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March 2024 Estimates

 

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2024 crop budget estimations for 2024; prepared by Purdue faculty members Michael R. Langemeier, Department of Agricultural Economics; Shaun Castell, Dan Quinn, and Tony Vyn, Department of Agronomy; and Bill Johnson, Department of Botany and Plant Pathology, Purdue University.

**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.

 

Table 1. Estimated per Acre Crop Budgets for Low, Average, and High Productivity Indiana Soils

Table 1. Estimated per Acre Crop Budgets for Low, Average, and High Productivity Indiana Soils

Table 1 (Continued). Estimated per Acre Crop Budgets for Low, Average, and High Productivity Indiana Soils

Table 1 (Continued). Estimated per Acre Crop Budgets for Low, Average, and High Productivity Indiana Soils

Table 2. Estimated per Acre Government Payments, Overhead Costs & Earnings for Low, Average, and High Productivity Indiana Soils

Table 2. Estimated per Acre Government Payments, Overhead Costs & Earnings for Low, Average, and High Productivity Indiana Soils

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Bill Johnson, Ph.D., Professor of Botany & Plant Pathology, Wallace Chair of Crop Sciences, Purdue University

Bill Johnson

Dan Quinn, Assistant Professor of Agronomy & Extension Corn Specialist

Dan Quinn

Michael Langemeier

Michael Langemeier

Shaun Casteel, Ph.D., Professor of Agronomy & Soybean Production, Small Grains Extension Specialist, Purdue University

Shaun Casteel

Tony Vyn

Tony Vyn

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