Getting Started with Wheat Agronomy

Beginning Farmer WebinarFebruary 24 2016

Dennis PenningtonWheat Systems Specialist MSU

Agenda

Why plant wheat Fall management Springsummer management Cost of production

Why put wheat in the rotation

soil organic matter aggregate stability soil quality

soil erosion GHG emissions yield potential yield stability

Loss of rotational diversity causes

corn acres soybean acres wheat and other rotation crops

Wheat Rotation Study

Ridgetown Long Term Rotation Study Five crop rotations

C-C C-S C-S-W S-S S-W

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Objective To determine the impact of wheat in the rotation

133

150154 152150

156159

156

178

186

157

175

198

162

184

100

120

140

160

180

200

220

2009 2010 2011 2012

Corn

Yie

ld (b

ua)

Rotation Effect - Corn

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

C-S-

W

C-S

C-C

+34 (45 bu)

+32 (48 bu)

+5(8 bu)

+21 (32 bu)

Overall 23 increase

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

Rotation Effect - Soybean

50

42

60

73

55

43

62

78

60

47

69

86

30

40

50

60

70

80

90

2009 2010 2011 2012

Soyb

ean

Yiel

d (b

ua)

C-S-

W

C-S-

W

C-S-

W

C-S-

W

C-S

C-S

C-S

C-S

S-S

S-S

S-S

S-S

+20 (10 bu)

+12 (5 bu)

+15 (9 bu)

+18 (13 bu)

Overall 16 increase

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

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c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

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g +

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Flow

erin

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+ 2

day

s

+ 4

day

s

+ 6

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g -

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Flow

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+ 2

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+ 6

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-fun

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c

Flow

erin

g

+ 2

day

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+ 4

day

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+ 6

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s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Agenda

Why plant wheat Fall management Springsummer management Cost of production

Why put wheat in the rotation

soil organic matter aggregate stability soil quality

soil erosion GHG emissions yield potential yield stability

Loss of rotational diversity causes

corn acres soybean acres wheat and other rotation crops

Wheat Rotation Study

Ridgetown Long Term Rotation Study Five crop rotations

C-C C-S C-S-W S-S S-W

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Objective To determine the impact of wheat in the rotation

133

150154 152150

156159

156

178

186

157

175

198

162

184

100

120

140

160

180

200

220

2009 2010 2011 2012

Corn

Yie

ld (b

ua)

Rotation Effect - Corn

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

C-S-

W

C-S

C-C

+34 (45 bu)

+32 (48 bu)

+5(8 bu)

+21 (32 bu)

Overall 23 increase

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

Rotation Effect - Soybean

50

42

60

73

55

43

62

78

60

47

69

86

30

40

50

60

70

80

90

2009 2010 2011 2012

Soyb

ean

Yiel

d (b

ua)

C-S-

W

C-S-

W

C-S-

W

C-S-

W

C-S

C-S

C-S

C-S

S-S

S-S

S-S

S-S

+20 (10 bu)

+12 (5 bu)

+15 (9 bu)

+18 (13 bu)

Overall 16 increase

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

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and

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N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

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all t

rtm

ts

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2008 2009 2010

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Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

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Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

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76 75 76 75

59 58

7682 82

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Why put wheat in the rotation

soil organic matter aggregate stability soil quality

soil erosion GHG emissions yield potential yield stability

Loss of rotational diversity causes

corn acres soybean acres wheat and other rotation crops

Wheat Rotation Study

Ridgetown Long Term Rotation Study Five crop rotations

C-C C-S C-S-W S-S S-W

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Objective To determine the impact of wheat in the rotation

133

150154 152150

156159

156

178

186

157

175

198

162

184

100

120

140

160

180

200

220

2009 2010 2011 2012

Corn

Yie

ld (b

ua)

Rotation Effect - Corn

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

C-S-

W

C-S

C-C

+34 (45 bu)

+32 (48 bu)

+5(8 bu)

+21 (32 bu)

Overall 23 increase

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

Rotation Effect - Soybean

50

42

60

73

55

43

62

78

60

47

69

86

30

40

50

60

70

80

90

2009 2010 2011 2012

Soyb

ean

Yiel

d (b

ua)

C-S-

W

C-S-

W

C-S-

W

C-S-

W

C-S

C-S

C-S

C-S

S-S

S-S

S-S

S-S

+20 (10 bu)

+12 (5 bu)

+15 (9 bu)

+18 (13 bu)

Overall 16 increase

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Wheat Rotation Study

Ridgetown Long Term Rotation Study Five crop rotations

C-C C-S C-S-W S-S S-W

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Objective To determine the impact of wheat in the rotation

133

150154 152150

156159

156

178

186

157

175

198

162

184

100

120

140

160

180

200

220

2009 2010 2011 2012

Corn

Yie

ld (b

ua)

Rotation Effect - Corn

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

C-S-

W

C-S

C-C

+34 (45 bu)

+32 (48 bu)

+5(8 bu)

+21 (32 bu)

Overall 23 increase

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

Rotation Effect - Soybean

50

42

60

73

55

43

62

78

60

47

69

86

30

40

50

60

70

80

90

2009 2010 2011 2012

Soyb

ean

Yiel

d (b

ua)

C-S-

W

C-S-

W

C-S-

W

C-S-

W

C-S

C-S

C-S

C-S

S-S

S-S

S-S

S-S

+20 (10 bu)

+12 (5 bu)

+15 (9 bu)

+18 (13 bu)

Overall 16 increase

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

133

150154 152150

156159

156

178

186

157

175

198

162

184

100

120

140

160

180

200

220

2009 2010 2011 2012

Corn

Yie

ld (b

ua)

Rotation Effect - Corn

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

C-S-

W

C-S

C-C

+34 (45 bu)

+32 (48 bu)

+5(8 bu)

+21 (32 bu)

Overall 23 increase

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

C-S-

W

C-S

C-C

C-S-

Wr

c

Rotation Effect - Soybean

50

42

60

73

55

43

62

78

60

47

69

86

30

40

50

60

70

80

90

2009 2010 2011 2012

Soyb

ean

Yiel

d (b

ua)

C-S-

W

C-S-

W

C-S-

W

C-S-

W

C-S

C-S

C-S

C-S

S-S

S-S

S-S

S-S

+20 (10 bu)

+12 (5 bu)

+15 (9 bu)

+18 (13 bu)

Overall 16 increase

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

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Flow

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Flow

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g -

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Flow

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day

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+ 4

day

s

+ 6

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s

-fun

g -

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c

-fun

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Flow

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g

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+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

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0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

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-fun

g -

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day

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day

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-fun

g -

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c

-fun

g +

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Flow

erin

g

+ 2

day

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+ 4

day

s

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day

s

-fun

g -

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c

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g +

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Flow

erin

g

+ 2

day

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+ 4

day

s

+ 6

day

s

-fun

g -

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Flow

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s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

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Flag

leaf

dis

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(

)

-fun

g -

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c

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g +

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Flow

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+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

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c

-fun

g +

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Flow

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+ 2

day

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+ 4

day

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day

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day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Rotation Effect - Soybean

50

42

60

73

55

43

62

78

60

47

69

86

30

40

50

60

70

80

90

2009 2010 2011 2012

Soyb

ean

Yiel

d (b

ua)

C-S-

W

C-S-

W

C-S-

W

C-S-

W

C-S

C-S

C-S

C-S

S-S

S-S

S-S

S-S

+20 (10 bu)

+12 (5 bu)

+15 (9 bu)

+18 (13 bu)

Overall 16 increase

Gaudin A C M et al (2015) Wheat improves nitrogen use efficiency of maize and soybean-based cropping systems Agriculture Ecosystems amp Environment 210 1-10

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Rotation Effect ndash Soybean wrc

61

56

63

59

686667 68

40

45

50

55

60

65

70

Soyb

ean

Yiel

d (b

ua)

No-Till Conventional Till

C-S-

W

C-S

S-S

C-S-

Wr

c

C-S-

W

C-S

S-S

C-S-

Wr

c

No significant decrease in yield

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

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and

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in

Yiel

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N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

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inde

x (0

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)Head Scab disease index (0-100)-f

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+ 4

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g -

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Flow

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s

-fun

g -

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Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

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0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

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Flow

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+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

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(

)

-fun

g -

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c

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g +

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c

Flow

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g

+ 2

day

s

+ 4

day

s

+ 6

day

s

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g -

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Flow

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g

+ 2

day

s

+ 4

day

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Flow

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c

Flow

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Advantages for Producers to Plant Winter Wheat

Rotation

bull Improve soil health amp fertility

bull Provides additional crop in their production mix

Spread Work Load

bull Allows time to perform field improvements

bull Gets away from all fall harvested crops

Cash Flow

bull Generates revenue outside of fall sales

Source Jeff Kuehnlein MAC MABA Winter Meeting 2016

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Fall Management

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Planting Dates

Hession Fly Free Date September 3-23 httpmsueanrmsuedunewsplanting_the_

2015_winter_wheat_crop Hasnrsquot been any recent problems with

BYDV but should still use as a guide Target end of Septemberearly October

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

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age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

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c

Flow

erin

g

+ 2

day

s

+ 4

day

s

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day

s

-fun

g -

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c

-fun

g +

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c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

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+ 2

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s

+ 4

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g -

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g +

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Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

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g +

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Flow

erin

g

+ 2

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s

+ 4

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s

+ 6

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s

-fun

g -

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Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

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image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Planting Dates

goal 2 to 3 tillers by winter adds 1 bu per day (relationship not

hold into late Oct) early soybean harvest seeding rate 14-16 mill (early) Late Oct 18-21 mill seedsa

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Seeding practices for uniform stand

Consistent seed placementResidue managementDrill operationsettingsTillage

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

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Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

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line

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Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

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Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

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Chilvers et al 2016

Flag leaf disease ()67

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Yield (buA)

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8287 85

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59 58

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s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Variety Selection

Use Multi-Year Performance Data

Yield Test Weight Height Lodging Winter Hardiness Disease Scoring

httpwwwvarietytrialsmsueduwheat

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Seed Source

Certified vs Non-Certified Germination Purity Free of foreign material

(weed seed) 0 sprouting

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

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represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

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Average yield response from fungicide useacross five varieties 2008-2010

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Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

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8287 85

73 74

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59 58

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Seed Placement Prepare soil with minimum tillage

(single pass with field cultivator) Avoid highly compacted fields Do NOT plant when fields are too wet 1-15 inches deep Only plant deeper in dry soils

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

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s

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day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

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g +

inno

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Flow

erin

g

+ 2

day

s

+ 4

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+ 6

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-fun

g -

inno

c

-fun

g +

inno

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Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

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-fun

g +

inno

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Flow

erin

g

+ 2

day

s

+ 4

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s

+ 6

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s

-fun

g -

inno

c

-fun

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inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

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Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

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-fun

g -

inno

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Flow

erin

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+ 2

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+ 4

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+ 6

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-fun

g -

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c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Seeding Rate

Seedsacre not Bushelsacre 16-21 million seeds per acre (22-29

seedsfoot for 7 inch rows)

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

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represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

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Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

ExampleRed Devil Target 18 million 14996 seedspound Calibrate drill to

plant 1800000divide14996 = 1200 divide 90 germ= 133 lbsa

Sunburst Target 18 million 11948 seedspound Calibrate drill to

plant 1800000divide11948 = 1507 divide 90 germ= 167 lba

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Fall Fertility

Soil Test pH P K Mn in some areas

Fall fertilizer up to 25 lbs of actual N P and K according to soil test pH amendments as indicated by test

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

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and

Gra

in

Yiel

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Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

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Head

line Pros

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aro

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0020406080

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2008 2009 2010

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Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

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Chilvers et al 2016

Flag leaf disease ()67

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Yield (buA)

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Weed Control

Control all annuals and perennials prior to planting

Optimum wheat stands may mean therersquos no need for chemical control

Apply chemicals at proper time at low rates

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

fo

ot ro

w)

and

Gra

in

Yiel

d (b

u a

c)

N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

vant

age

(bu

ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

ease

inde

x (0

-100

)Head Scab disease index (0-100)-f

ung

-in

noc

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

a a

bab

b

0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

SpringSummer Management

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

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represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

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Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

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Chilvers et al 2016

Flag leaf disease ()67

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Yield (buA)

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Nitrogen Recemmendation

MSU recrsquod N = (133 x yield potential) ndash 13

if use 20 lbs in fall for 80 bu need 73 lbs N for 100 bu need 100 lbs N

If use little or no N in Fall 11 lb N bu of YP may be reasonable

Grain yield and head number in response to fertilizer N rate

2008-2010

152535455565758595

105115

0 45 90 135

Hea

ds (

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ot ro

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and

Gra

in

Yiel

d (b

u a

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N Rate

Yield

Heads Crystal RubyHopeD8006Coral

RubyHopeD8006CrystalCoral

represents an average response to fertilizer N across 3 years of trials except Coral which was derived from only 2yrs of

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

Head

line

Head

line

Head

line Pros

aro

Pros

aro

Pros

aro al

l trm

ts

all t

rtm

ts

all t

rtm

ts

0020406080

100120140160180200

2008 2009 2010

Yiel

d ad

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ac

)

Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

0

2

4

6

8

10

Dis

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inde

x (0

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)Head Scab disease index (0-100)-f

ung

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Flow

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+ 4

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-fun

g -

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Flow

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day

s

+ 4

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+ 6

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s

-fun

g -

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Flow

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+ 2

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+ 4

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+ 6

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s

Ambassador 9242W F1014 E6012Chilvers et al 2016

ab a abab b ab

ab

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0123456789

DO

N (

ppm

)DON (vomitoxin) (ppm)NS

NS

-fun

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Flow

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+ 4

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Flow

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+ 4

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+ 6

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

53

17 19

10 11 1310

3 1 1 2

25

19

5 7

15

8

43

51

9

17

5

13

0

10

20

30

40

50

60

70

Flag

leaf

dis

ease

(

)

-fun

g -

inno

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g +

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Flow

erin

g

+ 2

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+ 4

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+ 6

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-fun

g -

inno

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Flow

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+ 2

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+ 4

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+ 6

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+ 6

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

Yiel

d (b

uA)

-fun

g -

inno

c

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g +

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c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

-fun

g -

inno

c

-fun

g +

inno

c

Flow

erin

g

+ 2

day

s

+ 4

day

s

+ 6

day

s

Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

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Ambassador 9242W F1014 E6012Chilvers et al 2016

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

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10 11 1310

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

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8287 85

73 74

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Fungicides

Reduces leaf disease amp increases yield (always) extent depends on weather yield potential amp

variety Reduced risk of Head scab

using Caramba or Prosaro at anthesis(flowering)

maybe Tebuconazole

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Average yield response from fungicide useacross five varieties 2008-2010

T-2 T-3 T- T-2 T-3 T- T-2 T-3 T-

Fungicide response depends on fungicide(s) application timing amp disease levels

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

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Chilvers et al 2016

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Yield (buA)

6461

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8287 85

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

6461

89

8287 85

73 74

9092 91

88

6165

76 75 76 75

59 58

7682 82

73

0102030405060708090

100

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Head scab management trials

Dr Marty Chilvers

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Fusarium Head Blight (Scab)

Source httpwwwagriculturegovskcafusarium-head-blight

bull Angle nozzles forward or use Twin jet nozzles

bull Maintain lower boom heightbull Use coarse spraybull Should use minimum of 10-

20 gpa water

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

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sorghum applied on both 14 amp 26 May 2015

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

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Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Head scab management trial4 SWWW varieties Ambassador ndash susceptible check DynaGro 9242W ndash partially resistant check F1014 (line from Dr Olsenrsquos program) E6012 (line from Dr Olsenrsquos program)

6 Prosaro fungicide timing treatments Non-sprayed non-inoculated check Inoculated non-sprayed check Fungicide at flowering (Feekes 1051) Fungicide 2 days post flowering Fungicide 4 days post flowering Fungicide 6 days post flowering

bull Planted 10172014bull 90 lbs NA applied at

green upbull 3124 g of colonized

sorghum applied on both 14 amp 26 May 2015

Chilvers et al 2016

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

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Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

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Prothioconazole 41

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Prothioconazole19 plusTebuconazole19

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(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

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image1jpeg

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Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Flag leaf disease ()67

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Ambassador 9242W F1014 E6012Chilvers et al 2016

Yield (buA)

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

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Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

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Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

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Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

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Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Yield (buA)

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Ambassador 9242W F1014 E6012

Chilvers et al 2016

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Fungicide profitabilitydepends on level of response

Wheat Price $500 $500 $500Response (bua) 4 bu 7 bu 10 buNet Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Wheat Price $500 $600 $700Response 5 bu 5 bu 5 buNet Income $2500 $3000 $3500

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit $225 $750 $1250

Fungicide profitabilitydepends on grain price

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Wheat Price $500 $500 $500Response (bua) 4 7 10

Net Income $2000 $3500 $5000

ProsaroCaramba $1500 $1500 $1500NIS $050 $050 $050Application $700 $700 $700Total Cost $2250 $2250 $2250

Net Profit -$250 $1250 $2750

Traffic loss (15 bua) $750 $750 $750Net after traffic -$1000 $500 $2000

Fungicide profitabilitydepends on traffic loss

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Efficacy of fungicides

No strobilurin ndash can increase DON

Fungicide(s)

Active ingredient ProductRateA (fl oz)

Powdery

mildew

Leafglume

blotch

Septoria leaf spot

Stripe rust

Leaf rust

Stem rust4

Head

scab

Harvest Restrict

Metconazole86 Caramba075 SL

100 -170 VG1 VG VG E E E G 30 days

Prothioconazole 41

Proline 480 SC

50 -57 --2 VG VG VG VG VG G 30 days

tebuconazole387 various3 40 G VG VG E E E F 30 days

Prothioconazole19 plusTebuconazole19

Prosaro 421 SC

65 -82 G VG VG E E E G 30 days

(source North Central Region Committee NC

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

2015 Trial

Response to increasing inputs on selectedwheat varieties

A trial conducted in concert with MCIA

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Cost of Production

Poll 2

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Cost of Production

Variable cash Seed fertilizer chemicals trucking drying repairs

supplies marketing fuel storageLand Cost + Draw

Rent prop taxes drawFixed cash

Insurance labor interestOther

Depreciation Return to capital amp management

MACH_COST

Page ampPampD

Stein Crop Cost

Page ampPampD

Wheat Scenarios

Page ampPampD

image1jpeg

image2JPG

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			Base				75 bu			120 bu			SOYBEAN			S BEETS		all crop
YIELDAC			9000		BU		7500		BU		12000		CWT		6000			2750		acres
VALUEUNIT			$500			$ 485			$485			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$46500			$37875			$59700			$52500			$139000		3356		67115
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		10000		$4200		7500		$3150		15000		$6300		000		$000		15000		$6300		200		3990				Fert Cost
Phos		5500		$2750		4500		$2250		7000		$3500		4500		$2250		4000		$2000		128		2550			Base		$8650
Potash		5000		$1700		4500		$1530		6000		$2040		8000		$2720		12000		$4080		121		2414			75 bu		$6930
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			120 bu		$11840
SEED			$4400			$4400			$4400			$7400				$22500		431		8620			SOYBEAN		$4970
HERBICIDE			$900			$900			$900			$3380			$4550		106		2126			S BEETS		$12380
INSECTampCHEMICALS			$2250			$2250			$4500			$2700			$9575		213		4255
CROP INS			$600			$600			$600			$1000			$2750		56		1110
FUEL amp Lube		300		$604		250		$503		400		$805		350		$704		1500		$3019		56		1127
REPAIR		070		$1925		070		$1925		070		$1925		070		$1925		225		$6188		139		2778
SUPPLIES		070		$210		070		$210		070		$210		070		$210		200		$600		14		288
UTILITIES		050		$308		050		$308		050		$308		050		$308		100		$615		18		369
MO STORED		000			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		100		$450		100		$375		100		$600		200		$600		000		$000		20		405
DRYING		1500		$000		1500		$000		1500		$000		1500		$000		1500		$000		0		000
TRUCKING		085		$1148		085		$956		085		$1530		100		$900		2750		$11344		159		3176
T VARIABLE			$21444				$19357				$27618				$24097				$73520		1660		33207
Breakeven Var Cash			$238			$258			$230			$402			$2673
FIXED		Factors		Base				75 bu			120 bu			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		05		$675		050		$675		050		$675		050		$675		250		$3375		61		1215
INTEREST		10		$1072		100		$968		100		$1381		100		$1205		100		$3676		83		1660
Breakeven Fixed Cash			$026			$029			$022			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		060		$9000		150		$22500		100		$15000		130		$19500		810		16200
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$194			$153			$208			$292			$800
TotalCash FixedampCapital Exp			$19797			$13693			$27606			$19930			$29601		1106		22125
T EXPENSE CASH			$41241				$33050				$55223				$44027				$103121		2767		55332
Breakeven All Cash Costs			$458			$441			$460			$734			$3750
DEPRECIATION		10		$4700		100		$4700		100		$4700		100		$4700		200		$9400		282		5640
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$45941			$37750			$59923			$48727			$112521		3049		60972
BREAKEVEN		$UNIT		$510			$503			$499				$812				$4092
EXPENSE ALL AC			$45941				$37750				$59923				$48727				$112521		$3049		60972
INCOME PER UNIT			$517			$505			$498			$875			$5055
INCOME ALL AC			$46500				$37875				$59700				$52500				$139000		$3356		67115
NET ALL AC			$559				$125				-$223				$3773				$26479		$307		6143
Breakeven Yield			889		per Ac		748		per Ac		1204		per Ac		557		per Ac		223			per Ac
Return Acre		300		$559				$125				-$223				$3773				$26479		$30713		6143
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget Template by Dennis Stein Senior Extension Educator Farm Business Management Michigan State University Extension diams 362 Green St Caro MI 48723 phone (989) 672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION									vs 120115			2016 early estimate
						(enter your actual input costs in this section)
							FIXED
NITROGEN $LBS		0420			MKT $BU		0050			INS $AC		550		(non crop insurance)
PHOS $LB		0500			STOR$BU		0040		MO		Interest		0050		(rate paid for money)
POTASH $LB		0340			MOIST		15000			LABORAC		1350
LIME$T		2900			$BU		0035		DRYING		LANDTAX $AC		000		(net after PA116 refunds)
SUPPLIES $AC		300			TRUCK$BU		0150			RENT$AC		15000		(land cost per acre)
REPAIR $AC		2750			FUEL$AC		1750		+15Lube		DEPR $AC		4700
UTILILTY $AC		615			GovPayac		1500			DEBT PAYAC		000
						DRAW $AC		2500
You must input these lines						ReturnCapitalampMgt			0000		( return for cash invested in production)
																						Total for		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS		all crop
YIELDAC			19000		BU		9000		BU		2200		CWT		6000			2750		acres
VALUEUNIT			$325			$ 500			$2300			$850			$5000
	000		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$63250			$46500			$52100			$52500			$139000		3534		70670
ACRES PLANTED			1		AC		$ 1		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT
NITROGEN		19000		$7980		10000		$4200		6000		$2520		000		$000		15000		$6300		210		4200				Fert Cost
Phos		6000		$3000		5500		$2750		6000		$3000		4500		$2250		4000		$2000		130		2600			CORN		$12680
Potash		5000		$1700		5000		$1700		6000		$2040		8000		$2720		12000		$4080		122		2448			WHEAT		$8650
LIMESTONE		000		$000		000		$000		000		$000		000		$000		000		$000		0		000			DRYBEANS		$7560
SEED			$12000			$4400			$9000			$7400				$22500		553		11060			SOYBEAN		$4970
HERBICIDE			$5600			$900			$3850			$3380			$4550		183		3656			S BEETS		$12380
INSECTampCHEMICALS			$000			$3750			$2700			$2700			$9575		187		3745
CROP INS			$1600			$600			$2000			$1000			$2750		80		1590
FUEL amp Lube		55		$1107		300		$604		600		$1208		350		$704		1500		$3019		66		1328
REPAIR		10		$2750		070		$1925		100		$2750		070		$1925		225		$6188		155		3108
SUPPLIES		10		$300		070		$210		100		$300		070		$210		200		$600		16		324
UTILITIES		10		$615		050		$308		050		$308		050		$308		100		$615		22		431
MO STORED		00			000			000				000				000				ERRORVALUE
STORAGE			$000			$000			$000			$000			$000		0		000
MARKETING		08		$760		100		$450		500		$550		200		$600		000		$000		24		472
DRYING		200		$3325		1500		$000		1500		$000		1500		$000		1500		$000		33		665
TRUCKING		07		$1995		085		$1148		300		$990		100		$900		2750		$11344		164		3275
T VARIABLE			$42732				$22944				$31215				$24097				$73520		1945		38902
Breakeven Var Cash			$225			$255			$1419			$402			$2673
FIXED		Factors		CORN				WHEAT			DRYBEANS			SOYBEAN			S BEETS
INSURANCE- (non-crop)		10		$550		100		$550		100		$550		100		$550		100		$550		28		550
LABOR		10		$1350		050		$675		100		$1350		050		$675		250		$3375		74		1485
INTEREST		10		$2137		100		$1147		100		$1561		100		$1205		100		$3676		97		1945
Breakeven Fixed Cash			$021			$026			$000			$040			$276
LAND COST		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
TAXS- land		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
RENT		10		$15000		100		$15000		100		$15000		100		$15000		130		$19500		795		15900
DRAW $AC		10		$2500		100		$2500		100		$2500		100		$2500		100		$2500		125		2500
PRINCIPAL PAY		10		$000		100		$000		100		$000		100		$000		100		$000		0		000
Breakeven CapitalMgt			$092			$194			$795			$292			$800
TotalCash FixedampCapital Exp			$21537			$19872			$20961			$19930			$29601		1119		22380
T EXPENSE CASH			$64268				$42816				$52176				$44027				$103121		3064		61282
Breakeven All Cash Costs			$338			$476			$2372			$734			$3750
DEPRECIATION		10		$4700		100		$4700		150		$7050		100		$4700		200		$9400		306		6110
RETURN TO CAPITALampMgt			$000			$000			$000			$000			$000		0		000
TOTAL ALL EXP			$68968			$47516			$59226			$48727			$112521		3370		67392
BREAKEVEN		$UNIT		$363			$528			$2692				$812				$4092
NETACRE			-$5718			-$1016			-$7126				$3773				$26479
EXPENSE ALL AC			$68968				$47516				$59226				$48727				$112521		$3370		67392
INCOME PER UNIT			$333			$517			$2368			$875			$5055
INCOME ALL AC			$63250				$46500				$52100				$52500				$139000		$3534		70670
NET ALL AC			-$5718				-$1016				-$7126				$3773				$26479		$164		3278
Breakeven Yield			2072		per Ac		920		per Ac		250		per Ac		557		per Ac		223			per Ac
Return Acre		300		-$5718				-$1016				-$7126				$3773				$26479		$16392		3278
This budget projection has no return to Management and Capital replacement which is a cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from wihch to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race colornational origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status

2016 Estimated Crop Budget- Machine CostTemplate by Dennis Stein Extension Educator District Farm Business ManagementMichigan State University Extension diams 362 Green St Caro MI 48723 phone989-672-3870 diams email steindanrmsuedu diams webpage httpwwwmsueduusersteind
CROP BUDGET SIMULATION- Machine Cost									vs 160111			2016 estimate
						(enter your actual input costs in this section)
				Machine Work Rates				FIXED		per Ac
NITROGEN $LBS		$ 0420				per Ac
PHOS $LB		$ 0500			Plow		$ 1665			OVER HEAD		$ 5000											OVERHEAD ACRE
POTASH $LB		$ 0340			Fld Cultivate		$ 1334											500		DEPRECIATION- NON EQUIP
LIME$T		$ 29000			Disc		$ 1257			LandCost		$ 15000		(land cost per acre)							250		INTEREST
MKT $BU		$ 0050			Planting		$ 1880											2500		FAMILY LIVING amp RETURN TO MGT
STOR$BU		$ 0040		MO		Spray		$ 669											100		EMPLOYEE BENEFITS
MOIST		$ 15000			Oth1		$ - 0											1350		LABOR- NON- EQUIPMENT
$BU		$ 0035		DRYING		Oth2		$ - 0			GovPayac		$ 1500								550		INSURANCE
TRUCK$BU		$ 0150			Havesting		$ 3500											900		TAXES Income amp other non -tillable real estate
														500		Other CAPITAL COST maintainance
Put in your inputs for this section															$6650		sub total
											Total for
																						all crop		Avg per Acre
ENTERPRISE			CORN				WHEAT			DRY BEAN			SOYBEAN			S BEETS		acres
YIELDAC			19000		BU		9000		BU		2200		CWT		6000		BU		2750		ton
VALUEUNIT			$320			$ 500			$2300			$850			$5000
		--------			-------			-------			-------			-------
LDPUnit		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		000		$ - 0		0		000
GovProgPay			$ 1500			$ 1500			$ 1500			$ 1500			$ 1500		75		1500
GROSS INCOME			$ 62300			$ 46500			$ 52100			$ 52500			$ 139000		3524		70480
ACRES PLANTED			1		AC		$ 100		AC		1		AC		1		AC		1		5
CASH COST		AMOUNT			AMOUNT			AMOUNT			AMOUNT			AMOUNT						FERTILIZER COST PER ACRE
NITROGEN		19000		$ 7980		10000		$ 4200		6000		$ 2520		00		$ - 0		15000		$ 6300		210		4200			$12680		CORN
Phos		6000		$ 3000		5500		$ 2750		6000		$ 3000		450		$ 2250		4000		$ 2000		130		2600			$8650		WHEAT
Potash		5000		$ 1700		5000		$ 1700		6000		$ 2040		800		$ 2720		12000		$ 4080		122		2448			$7560		DRY BEAN
LIMESTONE		000		$ - 0		000		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$4970		SOYBEAN
SEED			$ 12000			$ 4400			$ 9000			$ 7700			$ 22500		556		11120			$12380		S BEETS
HERBICIDE			$ 5600				$ 900			$ 3850			$ 3380			$ 4550		183		3656
INSECTampCHEMICALS			$ - 0			$ 3750			$ 2700			$ 2700			$ 9575		187		3745
CROP INS			$ 1600			$ 875			$ 2000			$ 1000			$ 2750		82		1645
								minno-till
Planting		10		$ 1880		07		$ 1316		100		$ 1880		15		$ 2820		175		$ 3290		112		2237			Custom Machine Acre
Plowing		10		$ 1665		00		$ - 0		100		$ 1665		00		$ - 0		100		$ 1665		50		999			$9048		CORN
Field Cultivate		10		$ 1334		10		$ 1334		200		$ 2668		00		$ - 0		200		$ 2668		80		1601			$6788		WHEAT
Discing		00		$ - 0		00		$ - 0		000		$ - 0		00		$ - 0		000		$ - 0		0		000			$12801		DRY BEAN
Spray		10		$ 669		20		$ 1338		20		$ 1338		20		$ 1338		50		$ 3345		80		1606			$7658		SOYBEAN
Oth1		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		0		000			$23218		S BEETS
Oth2		00		$ - 0		00		$ - 0		00		$ - 0		00		$ - 0		80		$ - 0		0		000
Harvesting		10		$ 3500		08		$ 2800		15		$ 5250		10		$ 3500		35		$ 12250		273		5460
MO STORED		00			00			000				00				000
STORAGE			$ - 0			$ - 0			$ - 0			$ - 0			$ - 0		0		000
MARKETING		08		$ 713		10		$ 450		500		$ 550		15		$ 450		000		$ - 0		22		433
DRYING		200		$ 3325		150		$ - 0		1500		$ - 0		150		$ - 0		1500		$ - 0		33		665
TRUCKING		07		$ 1995		09		$ 1148		300		$ 990		10		$ 900		2700		$ 11138		162		3234
Sub Total Costs			$ 46960				$ 26961				$ 39451				$ 28758				$ 86110		2282		45648
Breakeven Var Cash			$ 247			$ 300			$ 1793			$ 479			$ 3131
FIXED		Factors			Factors			Factors				Factors				Factors
OVER HEAD COSTS		10		$ 5000		10		$ 5000		13		$ 6250		10		$ 5000		175		$ 8750		300		6000
Land Costs		10		$ 15000		10		$ 15000		10		$ 15000		10		$ 15000		130		$ 19500		795		15900
Breakeven Fixed Cash			$ 105			$ 222			$ 966			$ 333			$ 1027
TotalCash FixedampCapital Exp			$ 20000			$ 20000			$ 21250			$ 20000			$ 28250		1095		21900
T EXPENSE CASH			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		3377		67548
Breakeven All Cash Costs			$ 352			$ 522			$ 2759			$ 813			$ 4159
TOTAL ALL EXP			$ 66961			$ 46961			$ 60701			$ 48758			$ 114361		3377		67548
NETACRE			$ (4661)			$ (461)			$ (8601)				$ 3742				$ 24639
EXPENSE ALL AC			$ 66961				$ 46961				$ 60701				$ 48758				$ 114361		$3377		67548
INCOME PER UNIT			$ 328			$ 517			$ 2368			$ 875			$ 5055
INCOME ALL AC			$ 62300				$ 46500				$ 52100				$ 52500		$8		$ 139000		$3532		70640
NET ALL AC			$ (4661)				$ (461)				$ (8601)				$ 3742				$ 24639		$147		2932
Breakeven Yield			2042		BU		909		BU		256		CWT		557		BU		226		ton
Return Acre			-$4661				-$461				-$8601				$3742				$24640		$14660		2932
		CORN			WHEAT			DRY BEAN			SOYBEAN			S BEETS
This budget projection has no Return to Land Management and Capital which are cost that must be covered but vary greatly between farm to farm It is suggested that you consider taking the time to calculate your own farms actual costs at the end of each year and then use your numbers as a base from which to build next years budget numbers
The above values are estimated values and your actual cost may vary greatly from the numbers presented This information is for educational purposes only
MSU is an affirmative-action equal-opportunity employer Michigan State University Extension programs and materials are open to all without regard to race color national origin gender gender identity religion age height weight origin gender disability political beliefs sexual orientation martial status family status or veteran status
	COSTOM MACHINE WORK COST include machine + power supply (tractor if needed) operator fuel

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionCorn Wheat Soybean

Yield (bua) 190 90 60Price ($bu) $325 $500 $850Gov Program ($a) $1500 $1500 $1500

Income ($a) $63250 $46500 $52500

Var Cash ($a) $42732 $21444 $24097Land Cost + Draw ($a) $17500 $17500 $17500Fixed Cash ($a) $4037 $2372 $2430Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $68969 $46016 $48727

Return per acre -$5719 $484 $3773Breakeven yield 207 89 56Breakeven price $363 $511 $812

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of Production

What about different management

Lower productivity Lower land rent Two scenarios

75 bu yield$90 rent 120 bu yield$225 rent

Variables changed Nitrogen Phosphorus Potash Fungicide Fuel amp Lube Marketing Trucking Rent

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionBase

Nitrogen $4200Phosphorus $2750Potash $1700Fungicide $2250Fuel amp Lube $606Marketing ($005bu) $450Trucking ($015bu) $1148Rent $15000

Total $28104

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionBase 75 bua

Nitrogen $4200 $3150Phosphorus $2750 $2250Potash $1700 $1530Fungicide $2250 $2250Fuel amp Lube $606 $503Marketing ($005bu) $450 $375Trucking ($015bu) $1148 $956Rent $15000 $9000

Total $28104 $20014

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionBase 75 bua 120 bua

Nitrogen $4200 $3150 $6300Phosphorus $2750 $2250 $3500Potash $1700 $1530 $2040Fungicide $2250 $2250 $4500Fuel amp Lube $606 $503 $805Marketing ($005bu) $450 $375 $600Trucking ($015bu) $1148 $956 $1530Rent $15000 $9000 $22500

Total $28104 $20014 $41775

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Cost of ProductionBase 75 bua 120 bua

Yield (bua) 90 75 120Price ($bu) $500 $485 $485

Gov Program ($a) $1500 $1500 $1500

Income ($a) $46500 $37875 $59700

Var Cash ($a) $21444 $19357 $27618Land Cost + Draw ($a) $17500 $11500 $25000Fixed Cash ($a) $2372 $2193 $2606Deprreturn to mngmt $4700 $4700 $4700

Total Expense ($a) $46016 $37750 $59924

Return per acre $484 $125 -$224Breakeven yield 891 748 1205Breakeven price $511 $503 $499

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Poll 3

Questions Discussion

Dennis Penningtonpennin34msuedu

Questions Discussion

Dennis Penningtonpennin34msuedu