Depending on land production capabilities, returns to land are projected to be $17 to $213 per acre for Ohio corn next year, Ward said. Returns to land for soybeans are projected to be $62 to $248, with returns to land for wheat projected at $25 to $159, Ward said.
The projections are based on OSU Extension Ohio Enterprise Budgets, and assume current prices of inputs and current December, November and September 2014 futures prices, respectively, he said.
OSU Extension has a long history of developing enterprise budgets that can be used as a starting point for producers in their budgeting process. Farmers can find enterprise budgets for 2014 at http://aede.osu.edu/research/osu-farm-management/enterprise-budgets. The website is offered by AEDE.
The budgets are downloadable Excel spreadsheets. Users can input their production and price levels to calculate their numbers. The budgets feature color-coded cells that allow users to plug in numbers to easily calculate bottom lines for different scenarios.
Detailed footnotes are included to help explain methodologies used to obtain the budget numbers. The budgets also include a date in the upper right-hand corner of the front page indicating when the last update occurred.