The costs for growing alfalfa, corn, soybeans, and wheat in Wisconsin are predicted to be less in 2010 than in 2009, led by the dramatic decreases in fertilizer prices in 2009. Other crop inputs such as seeds and pesticides may also be held down by the aftermath from the 2009 financial crisis according to Ken Barnett, University of Wisconsin-extension educator.
“When deciding how much of an input to apply, producers can maximize their investment in that input by considering its marginal rate of return,” said Barnett.
The 2010 Crop Budget Cost of Production Calculator for Wisconsin can help producers in making their cropping decisions in the upcoming year. It allows producers to construct enterprise budgets for corn after corn, corn after soybeans, corn silages after alfalfa, corn silage after corn, soybeans, wheat, seeding alfalfa and established alfalfa for hay and haylage.
This Cost of Production Calculator can be downloaded from the Center for Dairy Profitability Web site. Look in the Budgets and Other Resources heading and then go to the Crop Enterprise Budgets and Economics section.
For more information about this cost of production calculator, contact Ken Barnett at (715) 355-4561 or firstname.lastname@example.org.
Source: University of Wisconsin Extension