Archived Crop Budgets

Historical Crop Cost & Return Guides can be accessed in our archive, which date back to 2002.

December 12, 2024

2025 Crop Cost and Return Guide

December 2024 Estimates

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the updated December 2024 crop budget estimations for 2025; prepared by Purdue faculty members Michael R. Langemeier, Department of Agricultural Economics; Shaun Castell and Dan Quinn, 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.

id166_2025 - december 2024

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TAGS:

corn, crop cost & return guide, soybeans, wheat

TEAM LINKS:

Bill Johnson

Dan Quinn

Michael Langemeier

Shaun Casteel

Tony Vyn

RELATED RESOURCES

Indiana crop basis to nearby contracts are stable through the first half of January

January 17, 2025

Through the first three weeks of January, corn and soybean basis have been stable or weakened slightly. This is a continuation of the stabilization and slight weakening that started in December and follows statewide strengthening throughout November. Before November, the 2024-2025 crop basis levels were well below the three-year average.

Indiana basis strengthening slows to end 2024

December 20, 2024

It has been six weeks since the November Crop Basis Update was released. In that window, harvest has wrapped up across Indiana, and corn and soybean basis levels have been relatively stable compared to September and October. In all parts of the state, crop basis levels were higher on December 18th than they were on November 6th. This includes basis levels for Ohio River delivery points, ethanol plants, and soybean processors.

Crop Budget Spreadsheet

November 12, 2024

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. Updated December 2024.

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