2021 Crop Budgets and the New Agricultural Budget ...
2021 Crop Budgets and the New Agricultural Budget Calculator Program
Glennis McClure Agricultural Economist
gmcclure3@unl.edu 402-472-0661
Today's Presentation
vWhy is it important to know your cost of production? vUNL Crop Budgets
- 2021 Updates - Components of the crop budgets vKey data utilized in enterprise budgeting vThe New Ag Budget Calculator Program (ABC)
FARM.UNL.EDU
?UNL CROP BUDGETS ?UNL LIVESTOCK BUDGETS ?UNL CUSTOM RATES REPORT
Know Your Cost of Production ? WHY?
Use
In marketing and cost control
Compare Profitability of various enterprises
Determine Production practices and inputs used
Nebraska Crop Budgets
? 83 UNL Crop Budgets Representing 15 crops ? Modify the Budgets using Excel ? Added to New Ag Budget Calculator
cropwatch.unl.edu/budgets
2021 Crop Budget Updates
Fuel Prices ? decreased *Lower machinery operation costs *Lower some material costs herbicides and fertilizer
Some material /products added or use changes
Land prices were adjusted slightly up
RE Tax rate decreased .10% - Nebraska RE Tax Credits
Overhead costs per acre increased $5/acre
Spring Wheat Budget #74 Added
74-Wheat-Spring, Southwest, No Till, Wheat after Row Crop, 40-bushel Yield, Dryland Cash Cost per bushel $4.25 Total Cost per bushel $6.00
Photo by Kai Pilger on Unsplash
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