In these workshops, extension educators will discuss the forces that are driving input costs and commodity prices, fertilizer recommendations based on soil test results, and preparing cost of production budgets.
The Department of Agricultural Economics is preparing to launch an online Agricultural Budget Calculator (ABC) tool and is looking for beta test participants to use the program, report any issues, and provide feedback prior to the public launch.
Including winter wheat in the cropping system does not appear to be a profitable decision when one only examines the production costs and expected returns. Generally, there are additional production and economic benefits (35 to 100 bushels per acre increase in corn or grain sorghum yield) that should be considered.
Agricultural producers face challenging financial circumstances on their cropland in 2020. While the upcoming production year provides a potentially better outlook, challenges remain for profitability and the health of the operation.