The 2018 Nebraska Crop Budgets include 78 crop production budgets for 15 crops as well as information on crop budgeting procedures, machinery operation and ownership costs, material and service prices, and a crop budget production cost summary. This year's guide includes five new budgets to reflect corn-soybean rotations.
Crop production budgets are grouped by crop and provided below in two formats: PDF and an editable Excel that allows you to customize this for your operation. A Nebraska Extension publication, 2018 Nebraska Crop Budgets includes all the budgets in a print format with a discussion of how they were developed.
These budgets were developed and edited by Robert Klein, extension western Nebraska crops specialist; Roger Wilson, extension farm management/enterprise budget analyst (retired); Jessica Groskopf, agricultural economics extension educator; and Jim Jansen, agricultural economics extension educator — agricultural economics. Contributing to the budgets in their specialty areas were: Robert Wright, extension entomologist; Tamra Jackson-Ziems, Loren Giesler, and Stephen Wegulo, extension plant pathologists; Paul Jasa, extension engineer; and James Schild, extension educator in Scotts Bluff and Morrill counties.
These budgets usually reflect the low one-third in cost per unit of production. For most producers this is a good cost to use for comparison and identify where they may be able to lower costs, Klein said.
"For example if your machinery costs are a lot higher than we have in the budgets, you may want to examine ways to reduce the expense by doing custom work or selling some machinery and hiring custom work for that operation.
Note: These budget projections were created using assumptions thought to be valid for many producers in Nebraska; however, each farming operation is unique. These budgets are being released in both Adobe PDF and Excel worksheet formats. The worksheet format allows producers to modify them to match their specific situation. The danger of releasing a tool that can subsequently be modified is that there is no way to verify whether alterations were made or unrealistic data was entered. Users of this tool are responsible for independently verifying all results prior to relying on them.
2018 Nebraska Crop Budgets
|Cropping System||PDF Format||Excel Format|
Tables of power, machinery, labor,