MD Grain Marketing Site Updated for 2020: Field Crop Budgets and Custom Rates

Shannon Dill, Principal Agriculture Agent
University of Maryland Extension, Talbot County

The University of Maryland Extension has updated extension.umd.edu/grainmarketing site with new input data and spray programs for the 2020 field crop budgets.  

Crop Budgets

Cost of production is very important when making decisions related to your farm enterprise and grain marketing. Enterprise budgets provide valuable information regarding individual enterprises on the farm. This tool enables farm managers to make decisions regarding enterprises and plan for the coming production year. An enterprise budget uses farm revenue, variable cost, fixed cost and net income to provide a clear picture of the financial health of each farm enterprise.

The 2020 Maryland enterprise budgets were developed using average yields and estimated input cost based upon producer and farm supplier data. The figures presented are averages and vary greatly from one farm and region to the other. It is therefore crucial to input actual farm data when completing enterprise budgets for your farm.

How to Use University Enterprise Budgets: 

The enterprise budgets can be used as a baseline for your operation. Make changes to these budgets to include your production techniques, inputs and overall management. New spray programs were added for herbicide resistant weeds.

The budgets are available electronically in PDF or Excel online at www.extension.umd.edu/grainmarketing. Use this document as a start or reference to create your crop budgets. If you have problems downloading any of these budgets, contact information is located on the website.

Cost Per Acre 2020 
  Corn – No Till Corn – Conventional Soybeans Wheat Wheat/Beans
2020 $537.74 $593.58 $346.51 $424.80 $630.50
Increase -5% -4% -5% -3% -4%

 

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