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Extension > Agriculture > Agricultural Business Management > Crop budgets > 2017 Central Minnesota crop budgets

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2018 Central and Northwestern Minnesota crop budgets

Nathan Hulinsky

Central Minnesota

Corn budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 151 189 165
Price ($ per unit) $4.20 $3.10 $3.25
Total production return/acre $633 $584 $536
Misc. income/acre $50 $11 $14
Gross return/acre $682 $596 $550
Expenses (per acre)
Seed $89 $99 $95
Fertilizer $122 $117 $115
Crop chemicals $28 $31 $32
Crop insurance $21 $19 $18
Fuel & Machinery $146 $148 $145
Other expenses $79 $84 $60
Total expenses (without rent) $485 $499 $465
Available for land rent & operator living $197 $97 $85
Average land rent cost (area avg.) $123 $156 $??
Average labor & management charge (area avg.) $48 $45 $??

Soybean budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 41 52 45
Price ($ per unit) $10.30 $9.34 $9.00
Total production return/acre $419 $489 $405
Misc. income/acre $20 $10 $10
Gross return/acre $439 $499 $415
Expenses (per acre)
Seed $49 $57 $55
Fertilizer $21 $27 $25
Crop chemicals $30 $39 $36
Crop insurance $17 $14 $15
Fuel & Machinery $88 $84 $85
Other expenses $38 $41 $40
Total expenses (without rent) $243 $261 $256
Available for land rent & operator living $196 $238 $159
Average land rent cost (area avg.) $117 $143 $??
Average labor & management charge (area avg.) $31 $29 $??

Spring wheat budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 48 54 52
Price ($ per unit) $6.29 $4.76 $5.50
Total production return/acre $301 $258 $286
Misc. income/acre $22 $21 $9
Gross return/acre $323 $279 $295
Expenses (per acre)
Seed $24 $26 $26
Fertilizer $69 $66 $65
Crop chemicals $18 $18 $19
Crop insurance $12 $7 $10
Machinery costs $79 $88 $89
Other expenses $32 $35 $33
Total expenses (without rent) $233 $240 $242
Available for land rent & operator living $90 $39 $53
Average land rent cost (area avg.) $81 $125 $??
Average labor & management charge (area avg.) $28 $25 $??

Northwestern Minnesota

Corn budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 138 179 150
Price ($ per unit) $4.31 $3.04 $3.25
Total production return/acre $596 $546 $488
Misc. income/acre $21 $29 $18
Gross return/acre $617 $575 $505
Expenses (per acre)
Seed $82 $90 $90
Fertilizer $115 $99 $105
Crop chemicals $21 $23 $24
Crop insurance $24 $19 $22
Fuel & Machinery $121 $119 $115
Other expenses $63 $73 $69
Total expenses (without rent) $427 $422 $425
Available for land rent & operator living $190 $153 $80
Average land rent cost (area avg.) $92 $111 $??
Average labor & management charge (area avg.) $40 $43 $??

Soybean budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 36 46 39
Price ($ per unit) $10.37 $9.19 $9.00
Total production return/acre $369 $420 $351
Misc. income/acre $14 $13 $9
Gross return/acre $383 $433 $360
Expenses (per acre)
Seed $55 $62 $63
Fertilizer $19 $22 $23
Crop chemicals $20 $22 $23
Crop insurance $19 $15 $18
Fuel & Machinery $69 $71 $70
Other expenses $31 $35 $35
Total expenses (without rent) $213 $229 $232
Available for land rent & operator living $171 $204 $128
Average land rent cost (area avg.) $81 $96 $??
Average labor & management charge (area avg.) $25 $27 $??

Sugar beet budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 25 34 27
Price ($ per unit) $43.81 $35.54 $40.00
Total production return/acre $1,087 $1,191 $1,080
Misc. income/acre $26 $23 $15
Gross return/acre $1,113 $1,213 $1,095
Expenses (per acre)
Seed $151 $226 $220
Fertilizer $84 $85 $93
Crop chemicals $85 $87 $88
Crop insurance $24 $25 $23
Machinery costs $285 $275 $275
Other expenses $285 $296 $292
Total expenses (without rent) $913 $995 $991
Available for land rent & operator return $200 $218 $104
Average land rent cost (area avg.) $105 $132 $??
Average labor & management charge (area avg.) $102 $111 $??

Spring wheat budget

Income 10 year average 2015 actual 2017 projected
Yield (per unit) 62 68 64
Price ($ per unit) $6.19 $4.98 $5.50
Total production return/acre $382 $337 $352
Misc. income/acre $8 $11 $3
Gross return/acre $389 $348 $355
Expenses (per acre)
Seed $21 $18 $20
Fertilizer $84 $81 $85
Crop chemicals $21 $81 $28
Machinery costs $70 $71 $70
Other expenses $31 $39 $36
Total expenses (without rent) $253 $247 $253
Available for land rent & operator living $137 $101 $102
Average land rent cost (area avg.) $78 $100 $??
Average labor & management charge (area avg.) $25 $27 $??

 

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