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1 Institute of Agriculture and Natural Resources EC872 (Revised November 2015) Developed and Edited by Robert N. Klein, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise Budget Analyst Jessica T. Groskopf, Extension Educator Agricultural Economics Jim A. Jansen, Extension Educator Agricultural Economics Note: These budget projections were created using assumptions thought to be valid for many Nebraska producers; 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. Original files for these budgets are available at and on Additional Resource Persons The following individuals contributed to the budgets in their specialty areas: Robert J. Wright, Extension Entomologist Tamra A. Jackson-Ziems, Extension Plant Pathologist Corn and Sorghum Loren J. Giesler, Extension Plant Pathologist Soybean and Turf Stephen N. Wegulo, Extension Plant Pathologist Wheat and Ornamental Paul J. Jasa, Extension Biological Systems Engineer James A. Schild, Extension Educator in Scotts Bluff and Morrill Counties Extension is a Division of the Institute of Agriculture and Natural Resources at the University of Nebraska Lincoln cooperating with the Counties and the United States Department of Agriculture. University of Nebraska Lincoln Extension educational programs abide with the nondiscrimination policies of the University of Nebraska Lincoln and the United States Department of Agriculture The Board of Regents of the University of Nebraska on behalf of the University of Nebraska Extension. All rights reserved.
2 2016 Budget 1-Alfalfa, Fall Establishment 3 Harrow Harrow Roll Drill Spray Spray Total for Alfalfa w/inoculant Seed 6 100% 12 pound Pursuit Herbicide 7 100% 3 ounce Crop Oil Concentrate Additive 7 100% 1.6 pint UAN Additive 7 100% 2 pint % 1 pint Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Fall Establishment $ - per 4.00% 0.00 Real Estate Taxes $ - per 1.00% 0.00 Total Cost per Acre Including Overhead The Board of Regents of the University of Nebraska. All rights reserved.
3 2016 Budget 2-Alfalfa, Roundup Ready No-Till, Fall Establishment 1 Spray Drill w/ Fertilizer Spray Spray Total for Gramoxone SL Herbicide 1 100% 2 pint % 100 pound Alfalfa RR w/inoculant Seed 7 100% 12 pound Roundup WeatherMax Herbicide 7 100% 44 ounce S Additive 7 100% 1.7 pound % 1 pint Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Fall Establishment $ - per 4.00% 0.00 Real Estate Taxes $ - per 1.00% 0.00 Total Cost per Acre Including Overhead The Board of Regents of the University of Nebraska. All rights reserved.
4 2016 Budget 3-Alfalfa, Roundup Ready, Fall Establishment 3 Harrow Harrow Roll Drill Spray Spray Total for Alfalfa RR w/inoculant Seed 6 100% 12 pound Roundup WeatherMax Herbicide 7 100% 44 ounce S Additive 7 100% 1.7 pound % 1 pint Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Fall Establishment $ - per 4.00% 0.00 Real Estate Taxes $ - per 1.00% 0.00 Total Cost per Acre Including Overhead The Board of Regents of the University of Nebraska. All rights reserved.
5 2016 Budget 4-Alfalfa, Establish Spring Seed with Herbicides (2.8 ton Actual Yield) 3 Field Cultivation Seeder/Packer Spray Spray Bale Small Square 2.80 ton Stack Small Square 2.80 ton Total for Seeder/Packer Rental 4 100% 1 acre Alfalfa w/inoculant Seed 4 100% 12 pound % 1 pint Buctril 4E Herbicide 6 100% 0.5 pint Pursuit Herbicide 6 100% 3 ounce Twine Small Square Other 9 100% 2.8 ton Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity (State) $ 3,390 per 4.00% Real Estate Taxes $ 3,390 per 1.00% Total Cost per Acre Including Overhead Cost per ton Cash Cost per ton The Board of Regents of the University of Nebraska. All rights reserved.
6 2016 Budget 5-Alfalfa, Roundup Ready, Establish Spring Seed (2.8 ton Actual Yield) 3 Field Cultivation Seeder/Packer Spray Spray Bale Small Square 2.80 ton Stack Small Square 2.80 ton Total for Seeder/Packer Rental 4 100% 1 acre Alfalfa RR w/inoculant Seed 4 100% 12 pound % 1 pint Roundup WeatherMax Herbicide 6 100% 44 ounce S Additive 6 100% 1.70 pound Twine Small Square Other 9 100% 2.80 ton Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity (State) $ 3,390 per 4.00% Real Estate Taxes $ 3,390 per 1.00% Total Cost per Acre Including Overhead Cost per ton Cash Cost per ton The Board of Regents of the University of Nebraska. All rights reserved.
7 2016 Budget 6-Alfalfa, Establish Spring Seed with Herbicides (3.8 ton Actual Yield) Pivot Irrigated, 800 GPM 35 PSI, 12 acre/inches 3 Field Cultivation Seeder/Packer Spray Pivot D 125' Lift 12 ai Large Square Bale 3.80 ton Load Large Square 3.80 ton Spray Total for Seeder/Packer Rental 4 100% 1 acre Alfalfa w/inoculant Seed 4 100% 12 pound Buctril 4E Herbicide 6 100% 0.5 pint Pursuit Herbicide 6 100% 3 ounce Twine Large Square Other % 3.80 ton % 1 pint Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Pivot (State) $ 7,315 per 4.00% Real Estate Taxes $ 7,315 per 1.00% Total Cost per Acre Including Overhead Cost per ton Cash Cost per ton The Board of Regents of the University of Nebraska. All rights reserved.
8 2016 Budget 7-Alfalfa, Roundup Ready, Establish Spring Seed (4 ton Actual Yield) Pivot Irrigated, 800 GPM 35 PSI, 12 acre/inches 3 Field Cultivation Seeder/Packer Spray Pivot D 125' Lift 12 ai Large Square Bale 4.00 ton Load Large Square 4.00 ton Spray Total for Seeder/Packer Rental 4 100% 1 acre Alfalfa RR w/inoculant Seed 4 100% 12 pound Roundup WeatherMax Herbicide 5 100% 44 ounce S Additive 5 100% 1.7 pound Twine Large Square Other 9 100% 4 ton % 1 pint Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Pivot (State) $ 7,315 per 4.00% Real Estate Taxes $ 7,315 per 1.00% Total Cost per Acre Including Overhead Cost per ton Cash Cost per ton The Board of Regents of the University of Nebraska. All rights reserved.
9 2016 Budget 8-Alfalfa, Fall Seeded with Subsequent Year Production (2.5 ton Actual Yield) Gravity Irrigated, Canal, 18 acre/inches 1 Disk Spread Fertilizer Roll Drill Spray Corrugate Large Round Bale 2.50 ton Move Large Round 2.50 ton Ditch Irrigation 18 ai Spray Total for % 100 pound Alfalfa w/inoculant Seed 4 100% 12 pound Oats Seed 4 100% 0.5 bushel % 1 pint Twine Large Round Other 9 100% 2.5 ton Irrigation District O&M Charge Other % 1 acre Raptor Herbicide % 5 ounce Crop Oil Concentrate Additive % 1.6 pint UAN Additive % 2 pint Total Materials & Services Total listed costs for and Materials and Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Gravity (Panhandle) $ 3,235 per 4.00% Real Estate Taxes $ 3,235 per 1.00% Total Cost per Acre Including Overhead Cost per ton Cash Cost per ton The Board of Regents of the University of Nebraska. All rights reserved.
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2016) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2015) Developed and Edited by Robert N. Klein, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Original files for these budgets are available at and on
Institute of Agriculture and Natural Resources EC872 (Revised November 2018) Robert Klein, Senior Editor, Western Nebraska Crop Specialist Glennis McClure, Extension Educator - Agricultural Economics Roger
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2016) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2015) Developed and Edited by Robert N. Klein, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2017) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2015) Developed and Edited by Robert N. Klein, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2017) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2017) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2016) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Developed and Edited by
Institute of Agriculture and Natural Resources EC872 (Revised November 2017) Developed and Edited by Robert N. Klein, Senior Editor, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
Original files for these budgets are available at and on
Institute of Agriculture and Natural Resources EC872 (Revised November 2018) Robert Klein, Senior Editor, Western Nebraska Crop Specialist Glennis McClure, Extension Educator - Agricultural Economics Roger
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