Crop Budget Spreadsheet

by Michael Langemeier

Updated March 2025

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.

TAGS:

TEAM LINKS:

RELATED RESOURCES

Corn and Soybean Basis Go Positive as Strengthening Continues

May 16, 2025

The corn and soybean basis across the Eastern Corn Belt have strengthened for three straight months. As a result of the increasing trend, multiple cash bids across the region are now higher than the July futures price (i.e., basis to July futures is positive). The consistent strengthening has also led to many local basis levels reaching their highest mark of the 2024 – 2025 marketing year.

READ MORE

Indiana Farm Income Outlook Report, Spring 2025

May 14, 2025

The Spring 2025 Indiana Farm Income Outlook, published by the Rural and Farm Finance Policy Analysis Center (RaFF),  provides updated projections for Indiana farm profitability through 2026. The report highlights a projected 40% increase in Indiana net farm income in 2025—driven largely by higher government payments—and offers insight into trends in crop and livestock markets, production expenses, and policy impacts.

READ MORE

Trends in General Inflation and Farm Input Prices

May 9, 2025

Recent data shows that while farm input prices are influenced by general inflation, they often diverge due to distinct supply and demand dynamics for each input. This article explores long-term trends from 1973–2024 and highlights how inputs like labor and machinery tend to track inflation more closely than others like feed or fertilizer.

READ MORE

UPCOMING EVENTS

We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.