2026 Field Crop Budgets
Currently being updated and is under construction. Check back later for the updated version.
Crop budgets vary greatly by operation! Prices and cost estimates are averages collected from retailers across the state. Input prices will vary by crop, management, region, varieties and other criteria and may not be reflective of YOUR true costs.
Assumptions in Analysis
- Land charge of $110. Purchase price is not included.
- Operating expenses borrowed at 8.5% interest for 5 months of expenses.
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Fixed costs are calculated with MD Custom Rates (2025) -should use your actual fixed costs
- Crop insurance quotes. Actuals will not be set until March.
*Any fields with resistance weeds should reconsider post application products
Budgeting Recommendations
- Create your own budgets and fixed costs including equipment, repairs, insurance, depreciation, interest, and taxes.
- Write and implement a farm business plan - setting goals, managing finances and develop markets
- Manage capital assets such as land and equipment
- Track your expenses and at the end of the year compare actual and projected
Using This Spreadsheet
- This workbook is designed to be updated very easily. Click on the INPUTS worksheet and make changes. This will automatically update changes on other worksheets (i.e. N changes from .47 to .54 update it on the inputs page, and it automatically updates all N prices for the 5 crops)
- Be sure to save changes periodically and use the date in the title to mark when the budget was prepared.
- Questions Contact: Shannon Dill, 410-822-1244 or sdill@umd.edu
Download Maryland Crop Budgets 2026 Excel Version
Download Maryland Crop Budgets 2026 PDF Version
Spreadsheets
Inputs 2026
| Crop | Unit | Price Year | Price (USD) | Notes |
|---|---|---|---|---|
| Corn | Bushel | 2026 | 4.61 | December 2026 |
| Soybeans | Bushel | 2026 | 10.67 | November 2026 |
| Wheat | Bushel | 2026 | 5.32 | July 2026 |
| Crop/Variety | Unit | Price (USD) |
|---|---|---|
| Corn – Conventional | 1,000 Seeds | 2.09 |
| Corn – Roundup Ready & Bt | 1,000 Seeds | 3.78 |
| Soybean | 1,000 Seeds | 0.24 |
| Soybean RR II | 1,000 Seeds | 0.35 |
| Soybean Enlist | 1,000 Seeds | 0.38 |
| Wheat (treated) | Pound | 0.44 |
| Fertilizer Type | Unit | Price (USD) |
| Nitrogen | Pound | 0.63 |
| Phosphorus | Pound | 0.76 |
| Potash | Pound | 0.40 |
| Sulfate | Pound | 0.89 |
| Poultry litter | Ton | 25.00 |
| Lime | Ton | 60.00 |
| Product Name | Unit | Price (USD) |
|---|---|---|
| 2,4‑D Amine | Quart | 5.50 |
| 2,4‑D Ester | Pint | 3.82 |
| Acuron | Quart | 14.00 |
| Anthem Flex | Quart | 133.50 |
| Atrazine | Quart | 4.75 |
| Bicep II Magnum | Pint | 3.63 |
| Boundary | Pint | 8.63 |
| Callisto | Ounce | 0.52 |
| Corvus | Ounce | 3.02 |
| Dual II Magnum | Ounce | 0.51 |
| Dual Magnum | Ounce | 0.38 |
| Enlist One | Pint | 6.75 |
| Flexstar GT | Pint | 1.93 |
| Gramoxone SL 3.0 | Pint | 4.06 |
| Halex GT | Pint | 6.08 |
| Harmony SG | Ounce | 5.10 |
| Interline / Generic Glufosinate | Quart | 4.19 |
| Liberty Ultra | Pound | 9.50 |
| Metribuzin | Quart | 6.51 |
| Miravis Ace | Ounce | 1.86 |
| Princep | Ounce | 1.45 |
| Prosaro | Ounce | 1.27 |
| Prowl H2O | Quart | 11.75 |
| Reflex | Pint | 5.63 |
| Roundup | Ounce | 0.20 |
| Roundup | Quart | 6.40 |
| Sharpen | Quart | 215.53 |
| Status 56 | Ounce | 4.59 |
| Stratego | Ounce | 2.80 |
| Surfactant | Ounce | 0.21 |
| Surfactant | Quart | 6.72 |
| Tilt | Ounce | 0.65 |
| Trivapro | Ounce | 1.33 |
| Valor EZ | Ounce | 3.03 |
| Warrant | Pint | 0.22 |
| Warrior II | Ounce | 1.05 |
| Input Type | Unit | Price (USD) |
|---|---|---|
| Soil Test | Acre | 0.50 |
| Crop | Coverage Type | Unit | Rate (USD) |
|---|---|---|---|
| Corn | Crop insurance | Acre | 16.42 |
| Corn (irrigated) | Crop insurance | Acre | 22.78 |
| Soybeans | Crop insurance | Acre | 12.53 |
| Input | Unit | Rate (USD) |
|---|---|---|
| Drying fuel and handling | Bushel | 0.35 |
| Operation | Unit | Rate (USD) |
|---|---|---|
| Stalk chopping | Acre | 27.84 |
| Chisel plowing | Acre | 25.55 |
| Disking | Acre | 26.64 |
| Field cultivator / finisher | Acre | 25.56 |
| Vertical tillage | Acre | 19.50 |
| Fertilizer spreading | Acre | 11.72 |
| Sidedressing | Acre | 13.78 |
| Manure loading | Ton | 6.58 |
| Manure spreading – litter | Ton | 12.49 |
| Manure hauling | Ton | 8.85 |
| Pesticide spraying | Acre | 14.01 |
| No‑till drilling | Acre | 23.43 |
| Small grain planting | Acre | 23.43 |
| Planting – corn (conventional) | Acre | 27.23 |
| Planting – corn (no‑till) | Acre | 27.57 |
| Planting – soybeans (conventional) | Acre | 29.13 |
| Planting – soybeans (no‑till) | Acre | 27.10 |
| Broadcast seeding – small grain | Acre | 12.60 |
| Harvesting – corn | Acre | 40.03 |
| Harvesting – soybeans | Acre | 39.63 |
| Harvesting – wheat | Acre | 39.55 |
| Hauling | Bushel | 0.19 |
| Input | Unit | Rate (USD) |
|---|---|---|
| Land charge | Acre | 110.00 |
Corn Grain, No Till, Nonirrigated Per acre for 2026
| Item | Unit | Quantity | Price (USD) | Total (USD) |
|---|---|---|---|---|
| Corn Grain | Bushel | 160 | 4.61 | 737.60 |
| Item | Unit | Quantity | Price (USD) | Total (USD) |
|---|---|---|---|---|
| Seed RR + Bt | 1000 Seeds | 30 | 3.78 | 113.40 |
| Soil Test | Acre | 1 | 0.50 | 0.50 |
| Nitrogen | Pound | 160 | 0.63 | 100.80 |
| Phosphate | Pound | 30 | 0.76 | 22.80 |
| Potash | Pound | 60 | 0.40 | 23.70 |
| Lime | Ton | 0.5 | 60.00 | 30.00 |
| Gramoxone SL 3.0 | Pint | 2 | 4.06 | 8.12 |
| Corvus | Ounce | 4 | 3.02 | 12.06 |
| Atrazine | Quart | 0.5 | 4.75 | 2.38 |
| Roundup (POST)* | Quart | 1 | 6.40 | 6.40 |
| Princep | Quart | 1 | 1.45 | 1.45 |
| Crop Insurance (RP 70%) | Acre | 1 | 16.42 | 16.42 |
| Drying Fuel | Bushel | 160 | 0.36 | 57.60 |
| Interest on Operating Capital | — | — | — | 14.37 |
| Total Variable Costs | — | — | — | 409.99 |
| Item | Unit | Quantity | Price (USD) | Total (USD) |
|---|---|---|---|---|
| Fertilizer Spreading | Acre | 1 | 11.72 | 11.72 |
| No‑till Planting (with fertilizer) | Acre | 1 | 27.57 | 27.57 |
| Nitrogen Application | Acre | 1 | 13.78 | 13.78 |
| Pesticide Applications | Acre | 2 | 14.01 | 28.02 |
| Harvesting | Acre | 1 | 40.03 | 40.03 |
| Hauling | Bushel | 160 | 0.19 | 30.40 |
| Interest on Spring Custom Charges | — | — | — | 3.45 |
| Land Charge | Acre | 1 | 110.00 | 110.00 |
| Total Fixed Costs | — | — | — | 264.97 |
| Category | Amount (USD per acre) |
|---|---|
| Gross Income | 737.60 |
| Total Variable Costs | 409.99 |
| Total Fixed Costs | 264.97 |
| Total Costs | 674.96 |
| Net Income | 62.64 |
| Yield (bushels/acre) 25% | Price $4.06 | Price $4.61 | Price $5.16 |
|---|---|---|---|
| 120 | -188.14 | -121.76 | -55.37 |
| 160 | -25.87 | 62.64 | 151.15 |
| 200 | 136.40 | 247.04 | 357.68 |
Assumptions
- Non-continuous corn so soil insecticide may not be necessary.
- If following beans add 20 lb N credit
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Bt seed corn, hybrid, mid price grade
- *Any fields with resistant weeds should reconsider post-application products
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
CORN GRAIN, CONVENTIONAL TILL, NON-IRRIGAT PER ACRE FOR 2025
| Item | Unit | Quantity | Price (USD) | Total (USD) |
|---|---|---|---|---|
| Corn Grain | Bushel | 160 | 4.61 | 737.60 |
Assumptions
- Non-continuous corn so soil insecticide may not be necessary.
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Bt seed corn, hybrid, mid price grade
- *Any fields with resistant weeds should reconsider post-application products
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
CORN GRAIN, NO-TILL IRRIGATED PER ACRE FOR 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL |
|---|---|---|---|---|
| GROSS INCOME | ||||
| CORN GRAIN | BUSHEL | 230 | $4.65 | $1,069.50 |
| VARIABLE COSTS | ||||
| SEED RR + Bt | 1000 SEEDS | 36 | $3.63 | $130.68 |
| SOIL TEST | ACRE | 1 | $0.50 | $0.50 |
| NITROGEN | POUND | 230 | $0.54 | $124.20 |
| PHOSPHATE | POUND | 45 | $0.73 | $32.85 |
| POTASH | POUND | 100 | $0.34 | $34.00 |
| LIME | TON | 0.5 | $50.00 | $25.00 |
| GRAMOXONE SL 3.0 | PINT | 1.5 | $2.35 | $3.53 |
| CORVUS | OUNCE | 4 | $4.63 | $18.52 |
| ATRAZINE | QUART | 0.5 | $3.85 | $1.93 |
| ROUNDUP (POST)* | QUART | 1 | $4.85 | $4.85 |
| STRATEGO | OUNCE | 4 | $2.68 | $10.72 |
| PRINCEP | QUART | 1 | $9.75 | $9.75 |
| CROP INSURANCE (RP 70%) | ACRE | 1 | $21.62 | $21.62 |
| DRYING FUEL | BUSHEL | 230 | $0.35 | $80.50 |
| IRRIGATION EXPENSE (eletric, fuel, etc) | INCH | 10 | $7.78 | $77.80 |
| IRRIGATION REPAIR & MAINTENANCE | ACRE | 1 | $10.00 | $10.00 |
| INTEREST ON OPERATING CAPITAL | $418.14 | 0.5 | 8.5% | $17.77 |
| TOTAL VARIABLE COSTS LISTED ABOVE | $604.21 | |||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | ||||
| FERTILIZER SPREADING | ACRE | 1 | $11.72 | $11.72 |
| NO-TILL PLANTING WITH FERTILIZER | ACRE | 1 | $27.57 | $27.57 |
| NITROGEN APPLICATION | ACRE | 1 | $13.78 | $13.78 |
| PESTICIDE APPLICATIONS | ACRE | 2 | $14.01 | $28.02 |
| HARVESTING | ACRE | 1 | $40.03 | $40.03 |
| HAULING | BUSHEL | 230 | $0.19 | $43.70 |
| INTEREST ON SPRING CUSTOM CHARGES | $81.09 | 0.5 | 8.5% | $3.45 |
| IRRIGATION PAYMENT (including interest) | ACRE | 1 | $150.00 | $150.00 |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 |
| TOTAL FIXED COST LISTED ABOVE | $428.27 | |||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $1,032.48 | |||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | $37.02 | |||
| PRICES (12%) | ||||
| NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES |
YIELDS (25%) | $4.09 | $4.65 | $5.21 |
| 172.5 | ($326.61) | ($230.35) | ($134.10) | |
| 230 | ($91.32) | $37.02 | $165.36 | |
| 287.5 | $143.97 | $304.40 | $464.82 | |
Assumptions
- Non-continuous corn so soil insecticide may not be necessary.
- If following beans add 20 lb N credit
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Bt seed corn, hybrid, mid price grade
- *Any fields with resistant weeds should reconsider post-application products
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
- Average variable cost for irrigation (electric, diesel, gas) = $7.78/inch
- Average variable cost for irrigation (repair/maintenance) = $10/acre
- Average fixed cost (irrigation payments) =~$150/acre
CORN GRAIN, NO-TILL, POULTRY LITTER PER ACRE FOR 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL |
|---|---|---|---|---|
| GROSS INCOME | ||||
| CORN GRAIN | BUSHEL | 160 | $4.65 | $744.00 |
| VARIABLE COSTS | ||||
| SEED RR +Bt | 1000 SEEDS | 30 | $3.63 | $108.90 |
| SOIL TEST | ACRE | 1 | $0.50 | $0.50 |
| NITROGEN | POUND | 80 | $0.54 | $43.20 |
| PHOSPHATE | POUND | 0 | $0.73 | $0.00 |
| POTASH | POUND | 0 | $0.34 | $0.00 |
| POULTRY LITTER (57-99-113) | TON | 2 | $25.00 | $50.00 |
| LIME | TON | 0.5 | $50.00 | $25.00 |
| GRAMOXONE SL 3.0 | PINT | 1.5 | $2.35 | $3.53 |
| CORVUS | OUNCE | 4 | $4.63 | $18.52 |
| ATRAZINE | QUART | 0.5 | $3.85 | $1.93 |
| ROUNDUP POST* | QUART | 1 | $4.85 | $4.85 |
| PRINCEP | QUART | 1 | $9.75 | $9.75 |
| CROP INSURANCE (RP 70%) | ACRE | 1 | $15.80 | $15.80 |
| DRYING FUEL | BUSHEL | 160 | $0.35 | $56.00 |
| INTEREST ON OPERATING CAPITAL | $281.97 | 0.5 | 8.5% | $11.98 |
| TOTAL VARIABLE COSTS LISTED ABOVE | $349.95 | |||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | ||||
| MANURE HAULING | TON | 2 | $8.85 | $17.70 |
| MANURE LOADING | TON | 2 | $6.58 | $13.16 |
| MANURE SPREADING - LITTER | TON | 2 | $12.49 | $24.98 |
| MINIMAL TILLAGE | ACRE | 1 | $19.50 | $19.50 |
| NO-TILL PLANTING | ACRE | 1 | $27.57 | $27.57 |
| NITROGEN APPLICATION | ACRE | 1 | $13.78 | $13.78 |
| PESTICIDE APPLICATIONS | ACRE | 2 | $14.01 | $28.02 |
| HARVESTING | ACRE | 1 | $40.03 | $40.03 |
| HAULING | BUSHEL | 160 | $0.19 | $30.40 |
| INTEREST ON SPRING CUSTOM CHARGES | $127.01 | 0.5 | 8.5% | $5.40 |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 |
| TOTAL FIXED COST LISTED ABOVE | $330.54 | |||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $680.49 | |||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | $63.51 | |||
| PRICES (12%) | ||||
| NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES |
YIELDS (25%) | $4.09 | $4.65 | $5.21 |
| 120 | ($189.45) | ($122.49) | ($55.53) | |
| 160 | ($25.77) | $63.51 | $152.79 | |
| 200 | $137.91 | $249.51 | $361.11 | |
Assumptions
- Non-continuous corn so soil insecticide may not be necessary.
- If following beans add 20 lb N credit
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Bt seed corn, hybrid, mid price grade
- Poultry litter estimates - Economic Value of Poultry Litter 2002. Lichtenberg, Parker, Lynch.
- Litter will provide nitrogen availability at year 2 20% and year 3 5%
- *Any fields with resistant weeds should reconsider post-application products
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
CORN GRAIN, NO-TILL NON-IRR wWEED RESISTANCE PER ACRE 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL |
|---|---|---|---|---|
| GROSS INCOME | ||||
| CORN GRAIN | BUSHEL | 160 | $4.65 | $744.00 |
| VARIABLE COSTS | ||||
| SEED RR +Bt | 1000 SEEDS | 30 | $3.63 | $108.90 |
| SOIL TEST | ACRE | 1 | $0.50 | $0.50 |
| NITROGEN | POUND | 160 | $0.54 | $86.40 |
| PHOSPHATE | POUND | 30 | $0.73 | $21.90 |
| POTASH | POUND | 60 | $0.34 | $20.40 |
| LIME | TON | 0.5 | $50.00 | $25.00 |
| GRAMOXONE SL 3.0 | PINT | 1.5 | $2.35 | $3.53 |
| ATRAZINE | QUART | 0.5 | $3.85 | $1.93 |
| PRINCEP | QUART | 1 | $9.75 | $9.75 |
| HALEX GT | PINT | 4 | $4.96 | $19.84 |
| STATUS 56 WDG | OUNCE | 4 | $4.25 | $17.00 |
| CROP INSURANCE (RP 70%) | ACRE | 1 | $15.80 | $15.80 |
| DRYING FUEL | BUSHEL | 160 | $0.36 | $57.60 |
| INTEREST ON OPERATING CAPITAL | $330.94 | 0.5 | 8.5% | $14.06 |
| TOTAL VARIABLE COSTS LISTED ABOVE | $402.60 | |||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | ||||
| FERTILIZER SPREADING | ACRE | 1 | $11.72 | $11.72 |
| NO-TILL PLANTING WITH FERTILIZER | ACRE | 1 | $27.57 | $27.57 |
| NITROGEN APPLICATION | ACRE | 1 | $13.78 | $13.78 |
| PESTICIDE APPLICATIONS | ACRE | 3 | $14.01 | $42.03 |
| HARVESTING | ACRE | 1 | $40.03 | $40.03 |
| HAULING | BUSHEL | 160 | $0.19 | $30.40 |
| INTEREST ON SPRING CUSTOM CHARGES | $95.10 | 0.5 | 8.5% | $4.04 |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 |
| TOTAL FIXED COST LISTED ABOVE | $279.57 | |||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $682.18 | |||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | $61.82 | |||
| PRICES (12%) | ||||
| NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES |
YIELDS (25%) | $4.09 | $4.65 | $5.21 |
| 120 | ($191.14) | ($124.18) | ($57.22) | |
| 160 | ($27.46) | $61.82 | $151.10 | |
| 200 | $136.22 | $247.82 | $359.42 | |
Assumptions
- Non-continuous corn so soil insecticide may not be necessary.
- If following beans add 20 lb N credit
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Bt seed corn, hybrid, mid price grade
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
SOYBEANS - RR PER ACRE FOR 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL |
|---|---|---|---|---|
| GROSS INCOME | ||||
| SOYBEANS | BUSHEL | 60 | $10.80 | $648.00 |
| VARIABLE COSTS | ||||
| SEED | 1000 SEEDS | 150 | $0.35 | $52.50 |
| SOIL TESTING | ACRE | 1 | $0.50 | $0.50 |
| PHOSPHATE | POUND | 45 | $0.73 | $32.85 |
| POTASH | POUND | 40 | $0.34 | $13.60 |
| LIME | TON | 0.5 | $50.00 | $25.00 |
| GRAMOXONE SL 3.0 | PINT | 2 | $2.35 | $4.70 |
| VALOR EZ | OUNCE | 3 | $2.85 | $8.55 |
| 2 4-D | PINT | 1 | $2.65 | $2.65 |
| ROUNDUP (2 PASSES)* | QUART | 2 | $4.85 | $9.70 |
| REFLEX | PINT | 1.5 | $8.90 | $13.35 |
| WARRIOR II | OUNCE | 1.92 | $2.38 | $4.57 |
| CROP INSURANCE (RP 70%) | ACRE | 1 | $10.28 | $10.28 |
| INTEREST ON OPERATING CAPITAL | $178.25 | 0.5 | 8.5% | $7.58 |
| TOTAL VARIABLE COSTS LISTED ABOVE | $185.83 | |||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | ||||
| FERTILIZER APPLICATION | ACRE | 1 | $11.72 | $11.72 |
| SOYBEAN - NoTill | ACRE | 1 | $27.10 | $27.10 |
| PESTICIDE APPLICATIONS | ACRE | 3 | $14.01 | $14.01 |
| HARVESTING | ACRE | 1 | $39.63 | $39.63 |
| HAULING | BUSHEL | 60 | $0.19 | $11.40 |
| INTEREST ON SPRING CUSTOM CHARGES | $80.85 | 0.5 | 8.5% | $3.44 |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 |
| TOTAL FIXED COST LISTED ABOVE | $245.32 | |||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $431.14 | |||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | $216.86 | |||
| PRICES (12%) | ||||
| NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES |
YIELDS (25%) | $9.50 | $10.80 | $12.10 |
| 45 | ($3.46) | $54.86 | $113.18 | |
| 60 | $139.10 | $216.86 | $294.62 | |
| 75 | $281.66 | $378.86 | $476.06 | |
Assumptions
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Local hauling within 30 miles of farm
- *Any fields with resistant weeds should reconsider post-application products
- Sensitivity analysis based on 75%,100% and 125% of typical yield and12% current forward contract price.
SOYBEANS - Herbicide Tolerant, w/Weed Resistance PER ACRE FOR 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL |
|---|---|---|---|---|
| GROSS INCOME | ||||
| SOYBEANS | BUSHEL | 60 | $10.80 | $648.00 |
| VARIABLE COSTS | ||||
| SEED | 1000 SEEDS | 150 | $0.35 | $52.50 |
| SOIL TESTING | ACRE | 1 | $0.50 | $0.50 |
| PHOSPHATE | POUND | 45 | $0.73 | $32.85 |
| POTASH | POUND | 40 | $0.34 | $13.60 |
| LIME | TON | 0.5 | $50.00 | $25.00 |
| GRAMOXONE SL 3.0 | PINT | 2 | $2.35 | $4.70 |
| 2 4-D | PINT | 1 | $2.65 | $2.65 |
| VALOR EZ | OUNCE | 3 | $2.85 | $8.55 |
| WARRIOR II | OUNCE | 1.92 | $2.38 | $4.57 |
| DUAL II MAGNUM | OUNCE | 20 | $0.47 | $9.40 |
| ENLIST ONE | PINT | 2 | $10.16 | $20.32 |
| CROP INSURANCE (RP 70%) | ACRE | 1 | $10.28 | $10.28 |
| INTEREST ON OPERATING CAPITAL | $184.92 | 0.5 | 8.5% | $7.86 |
| TOTAL VARIABLE COSTS LISTED ABOVE | $192.78 | |||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | ||||
| FERTILIZER APPLICATION | ACRE | 1 | $11.72 | $11.72 |
| SOYBEAN - NoTill Planting | ACRE | 1 | $27.10 | $27.10 |
| PESTICIDE APPLICATIONS | ACRE | 3 | $14.01 | $42.03 |
| HARVESTING | ACRE | 1 | $39.63 | $39.63 |
| HAULING | BUSHEL | 60 | $0.19 | $11.40 |
| INTEREST ON SPRING CUSTOM CHARGES | $80.85 | 0.5 | 8.5% | $3.44 |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 |
| TOTAL FIXED COST LISTED ABOVE | $245.32 | |||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $438.09 | |||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | $209.91 | |||
| PRICES (12%) | ||||
| NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES |
YIELDS (25%) | $9.50 | $10.80 | $12.10 |
| 45 | ($10.41) | $47.91 | $106.23 | |
| 60 | $132.15 | $209.91 | $287.67 | |
| 75 | $274.71 | $371.91 | $469.11 | |
Assumptions
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Local hauling within 30 miles of farm
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
WHEAT PER ACRE FOR 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL |
|---|---|---|---|---|
| GROSS INCOME | ||||
| WHEAT | BUSHEL | 75 | $6.05 | $453.75 |
| VARIABLE COSTS | ||||
| SEED | POUND | 150 | $0.45 | $67.50 |
| SOIL TESTING | ACRE | 1 | $0.50 | $0.50 |
| NITROGEN | POUND | 70 | $0.54 | $37.80 |
| PHOSPHATE | POUND | 40 | $0.73 | $29.20 |
| POTASH | POUND | 40 | $0.34 | $13.60 |
| LIME | TON | 0.5 | $50.00 | $25.00 |
| HARMONY SG | OUNCE | 0.8 | $6.20 | $4.96 |
| SURFACTANT | QUART | 1 | $0.20 | $0.20 |
| TILT | OUNCE | 2 | $0.78 | $1.56 |
| ZIDUA | OUNCE | 1.5 | $3.66 | $5.49 |
| PROSARO | OUNCE | 6.5 | $1.69 | $10.99 |
| WARRIOR II | OUNCE | 3 | $2.38 | $7.14 |
| CROP INSURANCE (RP 70%) | ACRE | 1.00 | $8.97 | $8.97 |
| INTEREST ON OPERATING CAPITAL | $212.91 | 0.5 | 8.5% | $9.05 |
| TOTAL VARIABLE COSTS LISTED ABOVE | $221.95 | |||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | ||||
| SPREADING FERTILIZER | ACRE | 1 | $11.72 | $11.72 |
| VERTICAL TILLAGE | ACRE | 2 | $19.50 | $39.00 |
| BROADCAST SEEDING | ACRE | 1 | $12.60 | $12.60 |
| PESTICIDE APPLICATION | ACRE | 2 | $14.01 | $28.02 |
| HARVESTING | ACRE | 1 | $39.55 | $39.55 |
| HAULING | BUSHEL | 75 | $0.19 | $14.25 |
| INTEREST ON FALL CUSTOM CHARGES | $91.34 | 0.5 | 8.5% | $3.88 |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 |
| TOTAL FIXED COST LISTED ABOVE | $259.02 | |||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $480.98 | |||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | ($27.23) | |||
| PRICES (12%) | ||||
| NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES |
YIELDS (25%) | $5.32 | $6.05 | $6.78 |
| 56.25 | ($181.50) | ($140.66) | ($99.83) | |
| 75 | ($81.68) | ($27.23) | $27.22 | |
| 93.75 | $18.15 | $86.21 | $154.27 | |
Assumptions
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- Sensitivity analysis based on 75%,100% and 125% of typical yield and 12% current forward contract price.
WHEAT/SOYBEAN DOUBLE CROP PER ACRE FOR 2025
| ITEM | UNIT | QUANTITY | PRICE | TOTAL | |
|---|---|---|---|---|---|
| GROSS INCOME | |||||
| WHEAT | BUSHEL | 75 | $6.05 | $453.75 | |
| SOYBEANS | BUSHEL | 50 | $10.80 | $540.00 | |
| TOTAL GROSS INCOME | 993.75 | ||||
| VARIABLE COSTS | |||||
| SEED-WHEAT | POUND | 150 | $0.45 | $67.50 | |
| SEED-SOYBEANS | 1000 SEEDS | 175 | $0.35 | $61.25 | |
| SOIL TEST | ACRE | 1 | $0.50 | $0.50 | |
| NITROGEN | POUND | 70 | $0.54 | $37.80 | |
| PHOSPHATE | POUND | 85 | $0.73 | $62.05 | |
| POTASH | POUND | 75 | $0.34 | $25.50 | |
| LIME | TON | 0.5 | $50.00 | $25.00 | |
| HARMONY SG | OUNCE | 0.5 | $6.20 | $4.48 | |
| ZIDUA | OUNCE | 1.5 | $3.66 | $4.85 | |
| SURFACTANT | QUART | 1 | $2.25 | $2.25 | |
| TILT | OUNCE | 2 | $0.78 | $1.56 | |
| WARRIOR II | OUNCE | 3.84 | $2.38 | $9.14 | |
| 2 4-D | PINT | 1 | $2.65 | $2.65 | |
| PROSARO | OUNCE | 6.5 | $1.69 | $10.99 | |
| ROUNDUP | QUART | 1 | $4.85 | $4.85 | |
| CROP INSURANCE-WHEAT (RP 70%) | ACRE | 1.00 | $8.97 | $8.97 | |
| CROP INSURANCE-BEANS (RP 70%) | ACRE | 1.00 | $10.28 | $10.28 | |
| Interest on Operating Capital | $338.23 | 0.5 | 8.5% | $14.37 | |
| TOTAL VARIABLE COSTS LISTED ABOVE | $352.61 | ||||
| NET INCOME OVER VARIABLE COSTS LISTED ABOVE | $641.14 | ||||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | |||||
| FERTILIZER SPREADING | ACRE | 2 | $11.72 | $23.44 | |
| VERTICAL TILLAGE | ACRE | 2 | $19.50 | $39.00 | |
| BROADCAST SEEDING | ACRE | 1 | $12.60 | $12.60 | |
| NOTILL DRILLING | ACRE | 1 | $23.43 | $23.43 | |
| PESTICIDE APPLICATION | ACRE | 4 | $14.01 | $56.04 | |
| HARVESTING | ACRE | 2 | $39.55 | $79.10 | |
| HAULING | BUSHEL | 125 | $0.19 | $23.75 | |
| INTEREST ON FALL/SPRING CUSTOM CHARGES | $154.51 | 0.5 | 8.5% | $6.57 | |
| LAND CHARGE | ACRE | 1 | $110.00 | $110.00 | |
| TOTAL FIXED COST LISTED ABOVE | $373.93 | ||||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | $726.54 | ||||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | $267.21 | ||||
| PRICES (12%) | |||||
|
NET INCOME ABOVE VARIABLE AND FIXED COSTS LISTED ABOVE FOR VARIOUS YIELDS AND PRICES
Sensitivity Analysis based on soybeans/wheat yield and price |
WHEAT | $5.32 | $6.05 | $6.78 | |
| BEAN | $9.50 | $10.80 | $12.10 | ||
| 56 | 38 | ($70.66) | $18.78 | $108.21 | |
| 75 | 50 | $147.96 | $267.21 | $386.46 | |
| 94 | 63 | $366.59 | $515.65 | $664.71 | |
Assumptions
- Local hauling within 30 miles of farm
- Fertility rates based on MCE SFM-1 guidelines
- Assuming medium fertility levels
- 1 Post-plant bean glyphosate application
- Sensitivity analysis based on 75%,100%, and 125% of yield of beans and current forward contract price of beans/wheat.
BLANK BUDGET
| CROP: | YEAR: | ||||
|---|---|---|---|---|---|
| ITEM | UNIT | QUANTITY | PRICE | TOTAL | |
| GROSS INCOME | |||||
| TOTAL GROSS INCOME | |||||
| VARIABLE COSTS | |||||
| SEED | |||||
| SOIL TEST | |||||
| NITROGEN | |||||
| PHOSPHATE | |||||
| POTASH | |||||
| LIME | |||||
| PESTICIDES | |||||
| CROP INSURANCE | |||||
| DRYING FUEL | |||||
| INTEREST ON OPERATING CAPITAL | |||||
| TOTAL VARIABLE COSTS LISTED ABOVE | |||||
| FIXED OVERHEAD COSTS (Custom Rates are used as a proxy for field operation costs) | |||||
| LAND CHARGE | |||||
| TOTAL FIXED COST LISTED ABOVE | |||||
| TOTAL VARIABLE AND FIXED COST LISTED ABOVE | |||||
| NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE | |||||
Historical
| COST PER ACRE | |||||
|---|---|---|---|---|---|
| YEAR | CORN-NO-TILL | CORN-CONVENTIONAL | SOYBEANS | WHEAT | WHEAT/BEANS |
| 2007 | $362 | $379 | $234 | $309 | $396 |
| 2008 | $471 | $515 | $307 | $390 | $562 |
| 2009 | $521 | $540 | $411 | $406 | $631 |
| 2010 | $525 | $530 | $406 | $407 | $641 |
| 2011 | $569 | $569 | $348 | $437 | $654 |
| 2012 | $573 | $573 | $356 | $433 | $656 |
| 2013 | $553 | $589 | $350 | $442 | $670 |
| 2014 | $507 | $546 | $365 | $427 | $662 |
| 2015 | $576 | $577 | $358 | $440 | $660 |
| 2016 | $552 | $599 | $365 | $418 | $649 |
| 2017 | $566 | $582 | $358 | $457 | $672 |
| 2018 | $526 | $555 | $355 | $349 | $639 |
| 2019 | $564 | $619 | $363 | $437 | $656 |
| 2020 | $538 | $594 | $347 | $424 | $631 |
| 2021 | $540 | $592 | $346 | $401 | $608 |
| 2022 | $698 | $749 | $402 | $490 | $749 |
| 2023 | $736 | $800 | $423 | $538 | $800 |
| 2024 | $690 | $749 | $410 | $514 | $752 |
| 2025 | $655 | $731 | $431 | $481 | $727 |
** Historical Chart is based on prices in the January-March of each year
| COST PER ACRE 2025 | |||||
|---|---|---|---|---|---|
| CORN-NO-TILL | CORN-CONVENTIONAL | SOYBEANS | WHEAT | WHEAT/BEANS | |
| 2024 | $690 | $749 | $410 | $514 | $752 |
| 2025 | $655 | $731 | $431 | $481 | $727 |
| Difference | -$35 | -$18 | $21 | -$33 | -$26 |
| Percent Change | -5% | -2% | 5% | -6% | -3% |
| OPERATION | AVERAGE '25 | AVERAGE '23 | PERCENT CHANGE |
|---|---|---|---|
| FIELD PREPARATION | $24 | $20 | 16% |
| PLANTING | $25 | $22 | 14% |
| FIELD APPLICATIONS | $15 | $14 | 8% |
| GRASS AND HAY PRODUCTION | $18 | $15 | 15% |
| HARVESTING | $86 | $73 | 15% |
| LABOR | $47 | $42 | 11% |
| EQUIPMENT EXPENSES | $71 | $85 | -19% |
| AVERAGE TOTAL CHANGE | 8% |
Questions Contact: Shannon Dill, 410-822-1244 or sdill@umd.edu
www.go.umd.edu/grainmarketing
Budgets were developed by Shannon Dill, Jenny Rhodes, Ben Beale, Dale Johnson, Jim Lewis
Disclaimer
Reference in this publication to any specific commercial product, process, or service, or the use of any trade, firm, or corporation name is for general informational purposes only and does not constitute an endorsement, recommendation, or certification. Persons using such products assume responsibility for their use in accordance with current directions of the manufacturer.
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