2018 Field Crop Budgets. Updated 11/8/2017

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1 2018 Field Crop Budgets Updated 11/8/2017 Crop budgets vary greatly by operation! Prices and cost estimates are averages collected from retailers across the state. Input prices will vary by crop, management, region, varieties and other criteria and may not be reflective of YOUR true costs. Assumptions in Analysis: - Land charge of $98. Purchase price is not included. - Operating expenses borrowed at 8.5% interest for 5 months of expenses. - - Fixed costs are calculated with MD Custom Rates (2017) - You should use your actual fixed costs - Crop insurance quotes. Actuals will not be set until March Changes: New spray schedule, addition of Liberty Link and Xtend budgets Budgeting Recommendations: - Create your own budgets and fixed costs including equipment, repairs, insurance, depreciation, interest and - Write and implement a farm business plan - setting goals, managing finances and develop markets - Manage capital assets such as land and equipment - Track your expenses and at the end of the year compare actual and projected Using This Spreadsheet - This workbook is designed to be updated very easily. Click on the INPUTS worksheet and make changes. This will automatically update changes on other worksheets (i.e. N changes from.47 to.54 update it on the inputs page and it automatically updates all N prices for the 5 crops) - Be sure to save changes periodically and use the date in the title to mark when the budget was prepared. Questions Contact: Shannon Dill, or sdill@umd.edu Budgets were developed by Ben Beale, Francis Breeding, Shannon Dill, Dale Johnson, Jim Lewis and Jenny Rhodes Disclaimer - Reference in this publication to any specific commercial product, process, or service, or the use of any trade, firm, or corporation name is for general informational purposes only and does not constitute an endorsement, recommendation, or certification. Persons using such products assume responsibility for their use in accordance with current directions of the EQUAL ACCESS PROGRAMS Inputs Corn Grain - No Till, Non Irrigated Corn Grain - Conventional Non Irrigated Corn Grain - No Till, Irrigated Corn Grain - No Till, Poultry Litter Soybeans - RR Soybeans - Liberty Link Soybeans - Xtend Wheat Wheat/Soybean Double Crop Blank Budget Historical

2 UNIT PRICE NOTES YEAR 2018 INCOME CORN BUSHEL $3.93 Dec 18 SOYBEANS BUSHEL $10.05 Nov 18 WHEAT BUSHEL $4.66 Jul 18 EXPENSES SEED CORN CONVENTIONAL 1,000 SEEDS $1.68 CORN ROUNDUP READY & BT 1,000 SEEDS $2.81 SOYBEAN 1,000 SEEDS $0.25 SOYBEAN RR II 1,000 SEEDS $0.34 SOYBEAN LL 1,000 SEEDS $0.32 SOYBEAN XTEND 1,000 SEEDS $0.37 WHEAT (treated) POUND $0.33 FERTILIZER NITROGEN POUND $0.34 PHOSPHORUS POUND $0.58 POTASH POUND $0.29 POULTRY LITTER TON $15.00 LIME TON $48.00 PESTICIDES 2 4-D QUART $5.25 ATRAZINE QUART $4.00 CORVUS OUNCE $7.00 DUAL PINT $14.40 ENGENIA OUNCE $1.60 GRAMOXONE INTEON PINT $4.00 HARMONY TOTAL SOL OUNCE $14.38 PROSARO OUNCE $2.44 ROUNDUP QUART $5.00 STRATEGO OUNCE $4.06 TILT OUNCE $1.00 TOUCHDOWN QUART $5.50 VRIOPR OUNCE $1.85 WARRIOR OUNCE $2.20 ZIDUA OUNCE $9.16 OTHER SOIL TEST ACRE $0.30 CROP INSURANCE - Corn ACRE $17.57 CROP INSURANCE - Corn Irrigated ACRE $18.61 CROP INSURANCE - Soybeans ACRE $10.17 CROP INSURANCE - Wheat ACRE $6.88 DRYING FUEL AND HANDLING BUSHEL $0.35 FIXED COSTS Custom Rates STALK CHOPPING ACRE $17.04 CHISEL PLOWING ACRE $20.90 DISKING ACRE $23.75 FIELD CULTIVATOR/FINISHER ACRE $23.50 VERTICAL TILLAGE ACRE $18.05 FERTILIZER SPREADING ACRE $9.22 SIDEDRESSING ACRE $10.59 MANURE LOADING TON $6.70 MANURE SPREADING - LITTER TON $8.98 MANURE HAULING TON $12.63 PESTICIDE SPRAYING ACRE $9.86 NOTILL DRILLING SMALL GRAIN ACRE $20.33 PLANTING CORN - Conventional ACRE $19.92 CORN - NoTill ACRE $22.83 SOYBEAN - Conventional ACRE $19.10 INPUTS

3 SOYBEAN - NoTill ACRE $22.33 BROADCAST SEEDING SMGRAIN ACRE $8.91 HARVESTING CORN ACRE $33.89 SOYBEAN ACRE $33.89 WHEAT ACRE $34.13 HAULING BUSHEL $0.21 LAND CHARGE ACRE $98.00 INPUTS

4 CORN GRAIN, NO-TILL NON-IRRIGATED PER ACRE FOR 2018 CORN GRAIN BUSHEL 150 $3.93 $ SEED RR 1000 SEEDS 29 $2.81 $81.49 SOIL TEST ACRE 1 $0.30 $0.30 NITROGEN POUND 150 $0.34 $51.00 PHOSPHATE POUND 30 $0.58 $17.40 POTASH POUND 60 $0.29 $17.40 CORVUS OUNCE 4 $7.00 $28.00 ATRAZINE QUART 0.5 $4.00 $2.00 ROUNDUP QUART 1 $5.00 $5.00 CROP INSURANCE (RP 75%) ACRE 1 $17.57 $17.57 DRYING FUEL BUSHEL 150 $0.36 $54.00 INTEREST ON OPERATING CAPITAL $ % $9.63 TOTAL LISTED ABOVE $ FERTILIZER SPREADING ACRE 1 $9.22 $9.22 NO-TILL PLANTING WITH FERTILIZER ACRE 1 $22.83 $22.83 NITROGEN APPLICATION ACRE 1 $10.59 $10.59 PESTICIDE APPLICATIONS ACRE 1 $9.86 $9.86 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 150 $0.21 $31.50 INTEREST ON SPRING CUSTOM CHARGES $ % $2.23 LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE $63.59 NET INCOME ABOVE VARIABLE AND YIELDS $2.95 $3.93 $4.91 FIXED COSTS LISTED ABOVE FOR ($194.32) ($83.79) $26.74 VARIOUS YIELDS AND 150 ($83.79) $63.59 $ $26.74 $ $ Assumptions: Non-continuous corn so soil insecticide may not be necessary. If following beans add 20 lb N credit Bt seed corn, hybrid, mid price grade CORN GRAIN NO TILL

5 CORN GRAIN, CONVENTIONAL NON-IRRIGATED PER ACRE FOR 2018 CORN GRAIN BUSHEL 150 $3.93 $ SEED 1000 SEEDS 29 $1.68 $48.72 SOIL TEST ACRE 1 $0.30 $0.30 NITROGEN POUND 150 $0.34 $51.00 PHOSPHATE POUND 30 $0.58 $17.40 POTASH POUND 60 $0.29 $17.40 CORVUS OUNCE 4 $7.00 $28.00 ATRAZINE QUART 0.5 $4.00 $2.00 CROP INSURANCE (RP 75%) ACRE 1 $17.57 $17.57 DRYING FUEL BUSHEL 150 $0.36 $54.00 INTEREST ON OPERATING CAPITAL $ % $8.02 TOTAL LISTED ABOVE $ CHISEL PLOWING ACRE 1 $20.90 $20.90 DISKING ACRE 1 $23.75 $23.75 FIELD CULTIVATOR/FINISHER ACRE 1 $23.50 $23.50 FERTILIZER SPREADING ACRE 1 $9.22 $9.22 PLANTING WITH FERTILIZER ACRE 1 $19.92 $19.92 NITROGEN APPLICATION ACRE 1 $10.59 $10.59 PESTICIDE APPLICATIONS ACRE 1 $9.86 $9.86 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 150 $0.21 $31.50 INTEREST ON SPRING CUSTOM CHARGES $ % $5.00 LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE $34.95 NET INCOME ABOVE VARIABLE AND YIELDS $2.95 $3.93 $4.91 FIXED COSTS LISTED ABOVE FOR ($222.96) ($112.42) ($1.89) VARIOUS YIELDS AND 150 ($112.42) $34.95 $ ($1.89) $ $ Assumptions: Non-continuous corn so soil insecticide may not be necessary. Bt seed corn, hybrid, mid price grade CORN GRAIN CONVENTIONAL NON-IR

6 CORN GRAIN, NO-TILL IRRIGATED PER ACRE FOR 2018 CORN GRAIN BUSHEL 200 $3.93 $ SEED RR 1000 SEEDS 36 $2.81 $ SOIL TEST ACRE 1 $0.30 $0.30 NITROGEN POUND 200 $0.34 $68.00 PHOSPHATE POUND 45 $0.58 $26.10 POTASH POUND 100 $0.29 $29.00 CORVUS OUNCE 4 $7.00 $28.00 ATRAZINE QUART 0.5 $4.00 $2.00 ROUNDUP QUART 1 $5.00 $5.00 VRIOPR OUNCE 10.4 $1.85 $19.24 CROP INSURANCE (RP 75%) ACRE 1 $18.61 $18.61 DRYING FUEL BUSHEL 200 $0.35 $70.00 IRRIGATION EXPENSE (eletric, fuel, etc) INCH 10 $7.78 $77.80 IRRIGATION REPAIR & MAINTENANCE ACRE 1 $10.00 $10.00 INTEREST ON OPERATING CAPITAL $ % $12.05 TOTAL LISTED ABOVE $ FERTILIZER SPREADING ACRE 1 $9.22 $9.22 NO-TILL PLANTING WITH FERTILIZER ACRE 1 $22.83 $22.83 NITROGEN APPLICATION ACRE 1 $10.59 $10.59 PESTICIDE APPLICATIONS ACRE 1 $9.86 $9.86 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 200 $0.21 $42.00 INTEREST ON SPRING CUSTOM CHARGES $ % $2.23 IRRIGATION PAYMENT (including interest) ACRE 1 $ $ LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE ($83.88) NET INCOME ABOVE VARIABLE AND YIELDS $2.95 $3.93 $4.91 FIXED COSTS LISTED ABOVE FOR 150 ($427.76) ($280.38) ($133.01) VARIOUS YIELDS AND 200 ($280.38) ($83.88) $ ($133.01) $ $ Assumptions: Non-continuous corn so soil insecticide may not be necessary. If following beans add 20 lb N credit Bt seed corn, hybrid, mid price grade Average variable cost for irrigation (electric, diesel, gas) = $7.78/inch Average variable cost for irrigation (repair/maintenance) = $10/acre Average fixed cost (irrigation payments) =~$150/acre CORN GRAIN - IRRIGATED

7 CORN GRAIN, NO-TILL, POULTRY LITTER PER ACRE FOR 2018 CORN GRAIN BUSHEL 150 $3.93 $ SEED RR 1000 SEEDS 30 $2.81 $84.30 SOIL TEST ACRE 1 $0.30 $0.30 NITROGEN POUND 80 $0.34 $27.20 PHOSPHATE POUND 0 $0.58 $0.00 POTASH POUND 0 $0.29 $0.00 POULTRY LITTER lbs/ton TON 2 $15.00 $30.00 CORVUS OUNCE 4 $7.00 $28.00 ATRAZINE QUART 0.5 $4.00 $2.00 ROUNDUP QUART 1 $5.00 $5.00 CROP INSURANCE (RP 75%) ACRE 1 $17.57 $17.57 DRYING FUEL BUSHEL 150 $0.35 $52.50 INTEREST ON OPERATING CAPITAL $ % $8.53 TOTAL LISTED ABOVE $ MANURE HAULING TON 2 $12.63 $25.26 MANURE LOADING TON 2 $6.70 $13.40 MANURE SPREADING - LITTER TON 2 $8.98 $17.96 MINIMAL TILLAGE ACRE 1 $18.05 $18.05 NO-TILL PLANTING ACRE 1 $22.83 $22.83 NITROGEN APPLICATION ACRE 1 $10.59 $10.59 PESTICIDE APPLICATIONS ACRE 1 $9.86 $9.86 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 150 $0.21 $31.50 INTEREST ON SPRING CUSTOM CHARGES $ % $3.94 LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE $24.82 NET INCOME ABOVE VARIABLE AND YIELDS $2.95 $3.93 $4.91 FIXED COSTS LISTED ABOVE FOR ($233.09) ($122.56) ($12.03) VARIOUS YIELDS AND 150 ($122.56) $24.82 $ ($12.03) $ $ Assumptions: Non-continuous corn so soil insecticide may not be necessary. If following beans add 20 lb N credit Bt seed corn, hybrid, mid price grade Poultry litter estimates - Economic Value of Poultry Litter Lichtenberg, Parker, Lynch. Litter will provide nitrogen availability at year 2 20% and year 3 5% CORN GRAIN NO TILLwLITTER

8 SOYBEANS RR READY PER ACRE FOR 2018 SOYBEANS BUSHEL 40 $10.05 $ SEED 1000 SEEDS 150 $0.34 $51.00 SOIL TESTING ACRE 1 $0.30 $0.30 PHOSPHATE POUND 45 $0.58 $26.10 POTASH POUND 40 $0.29 $ D QUART 1 $5.25 $5.25 ROUNDUP (X2 PASSES) QUART 2 $5.00 $10.00 WARRIOR OUNCE 3 $2.20 $6.60 CROP INSURANCE (RP 75%) ACRE 1 $10.17 $10.17 INTEREST ON OPERATING CAPITAL $ % $5.73 TOTAL LISTED ABOVE $ FERTILIZER APPLICATION ACRE 1 $9.22 $9.22 SOYBEAN - NoTill ACRE 1 $22.33 $22.33 PESTICIDE APPLICATIONS ACRE 3 $9.86 $29.58 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 40 $0.21 $8.40 INTEREST ON SPRING CUSTOM CHARGES $ % $2.60 LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE $47.23 NET INCOME ABOVE VARIABLE AND YIELDS $7.54 $10.05 $12.56 FIXED COSTS LISTED ABOVE FOR 30 ($128.64) ($53.27) $22.11 VARIOUS YIELDS AND 40 ($53.27) $47.23 $ $22.11 $ $ Assumptions SOYBEANS

9 SOYBEANS LIBERTY LINK PER ACRE FOR 2018 SOYBEANS BUSHEL 40 $10.05 $ SEED 1000 SEEDS 150 $0.32 $48.00 SOIL TESTING ACRE 1 $0.30 $0.30 PHOSPHATE POUND 45 $0.58 $26.10 POTASH POUND 40 $0.29 $11.60 GRAMOXONE INTEON PINT 2 $4.00 $ D QUART 1 $5.25 $5.25 WARRIOR OUNCE 3 $2.20 $6.60 DUAL PINT 1 $14.40 $14.40 $0.00 CROP INSURANCE (RP 75%) ACRE 1 $10.17 $10.17 INTEREST ON OPERATING CAPITAL $ % $5.52 TOTAL LISTED ABOVE $ FERTILIZER APPLICATION ACRE 1 $9.22 $9.22 SOYBEAN - NoTill ACRE 1 $22.33 $22.33 PESTICIDE APPLICATIONS ACRE 3 $9.86 $29.58 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 40 $0.21 $8.40 INTEREST ON SPRING CUSTOM CHARGES $ % $2.60 $0.00 $0.00 LAND CHARGE ACRE $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE $38.04 NET INCOME ABOVE VARIABLE AND YIELDS $7.54 $10.05 $12.56 FIXED COSTS LISTED ABOVE FOR 30 ($137.83) ($62.46) $12.92 VARIOUS YIELDS AND 40 ($62.46) $38.04 $ $12.92 $ $ Assumptions SOYBEANS LL

10 SOYBEANS XTEND PER ACRE FOR 2018 SOYBEANS BUSHEL 40 $10.05 $ SEED 1000 SEEDS 150 $0.37 $55.50 SOIL TESTING ACRE 1 $0.30 $0.30 PHOSPHATE POUND 45 $0.58 $26.10 POTASH POUND 40 $0.29 $11.60 GRAMOXONE INTEON PINT 2 $4.00 $ D QUART 1 $5.25 $5.25 WARRIOR OUNCE 3 $2.20 $6.60 DUAL PINT 1 $14.40 $14.40 ENGENIA OUNCE 26 $1.60 $41.60 CROP INSURANCE (RP 75%) ACRE 1 $10.17 $10.17 INTEREST ON OPERATING CAPITAL $ % $5.84 TOTAL LISTED ABOVE $ FERTILIZER APPLICATION ACRE 1 $9.22 $9.22 SOYBEAN - NoTill ACRE 1 $22.33 $22.33 PESTICIDE APPLICATIONS ACRE 3 $9.86 $29.58 HARVESTING ACRE 1 $33.89 $33.89 HAULING BUSHEL 40 $0.21 $8.40 INTEREST ON SPRING CUSTOM CHARGES $ % $2.60 $0.00 $0.00 LAND CHARGE ACRE $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE ($11.38) NET INCOME ABOVE VARIABLE AND YIELDS $7.54 $10.05 $12.56 FIXED COSTS LISTED ABOVE FOR 30 ($187.25) ($111.88) ($36.50) VARIOUS YIELDS AND 40 ($111.88) ($11.38) $ ($36.50) $89.12 $ Assumptions SOYBEANS XTEND

11 WHEAT PER ACRE FOR 2018 WHEAT BUSHEL 75 $4.66 $ SEED POUND 150 $0.33 $49.50 SOIL TESTING ACRE 1 $0.30 $0.30 NITROGEN POUND 70 $0.34 $23.80 PHOSPHATE POUND 40 $0.58 $23.20 POTASH POUND 40 $0.29 $11.60 HARMONY TOTAL SOL OUNCE 0.8 $10.00 $8.00 TILT OUNCE 4 $1.00 $4.00 ZIDUA OUNCE 1.5 $9.16 $13.74 PROSARO OUNCE 8 $2.44 $19.52 CROP INSURANCE (RP 75%) ACRE 1.00 $6.88 $6.88 INTEREST ON OPERATING CAPITAL $ % $7.55 TOTAL LISTED ABOVE $ SPREADING FERTILIZER ACRE 2 $9.22 $18.44 VERTICAL TILLAGE ACRE 2 $18.05 $36.10 BROADCAST SEEDING ACRE 1 $20.33 $20.33 PESTICIDE APPLICATION ACRE 2 $9.86 $19.72 HARVESTING ACRE 1 $34.13 $34.13 HAULING BUSHEL 75 $0.21 $15.75 INTEREST ON FALL CUSTOM CHARGES $ % $4.02 LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE ($89.08) NET INCOME ABOVE VARIABLE AND YIELDS $3.50 $4.66 $5.83 FIXED COSTS LISTED ABOVE FOR ($241.99) ($176.46) ($110.92) VARIOUS YIELDS AND 75 ($176.46) ($89.08) ($1.71) ($110.92) ($1.71) $ Assumptions WHEAT

12 WHEAT/SOYBEAN DOUBLE CROP PER ACRE FOR 2018 WHEAT BUSHEL 75 $4.66 $ SOYBEANS BUSHEL 35 $10.05 $ TOTAL $ SEED-WHEAT POUND 150 $0.33 $49.50 SEED-SOYBEANS 1000 SEEDS 175 $0.34 $59.50 SOIL TEST ACRE 1 $0.30 $0.30 NITROGEN POUND 70 $0.34 $23.80 PHOSPHATE POUND 85 $0.58 $49.30 POTASH POUND 75 $0.29 $21.75 HARMONY TOTAL SOL OUNCE 0.5 $10.00 $5.00 ZIDUA OUNCE 1.5 $8.00 $9.16 SURFACTANT QUART 1 $2.25 $2.25 TILT OUNCE 4 $1.00 $4.00 WARRIOR OUNCE 6 $2.20 $ D QUART 1 $5.25 $5.25 PROSARO OUNCE 8 $2.44 $19.52 ROUNDUP QUART 1 $5.00 $5.00 CROP INSURANCE-WHEAT (RP 75%) ACRE 1.00 $6.88 $6.88 CROP INSURANCE-BEANS (RP 75%) ACRE 1.00 $10.17 $10.17 INTEREST ON OPERATING CAPITAL $ % $12.39 TOTAL LISTED ABOVE $ NET INCOME OVER LISTED ABOVE $ FERTILIZER SPREADING ACRE 2 $9.22 $18.44 VERTICAL TILLAGE ACRE 2 $18.05 $36.10 BROADCAST SEEDING ACRE 1 $8.91 $8.91 NOTILL DRILLING ACRE 1 $20.33 $20.33 PESTICIDE APPLICATION ACRE 4 $9.86 $39.44 HARVESTING ACRE 2 $34.13 $68.26 HAULING BUSHEL 110 $0.21 $23.10 INTEREST ON FALL/SPRING CUSTOM CHARG $ % $5.24 LAND CHARGE ACRE 1 $98.00 $98.00 TOTAL FIXED COST LISTED ABOVE $ TOTAL VARIABLE AND FIXED COST LISTED ABOVE $ NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE $62.46 WHEAT $3.50 $4.66 $5.83 NET INCOME ABOVE VARIABLE AND BEAN $7.54 $10.05 $12.56 FIXED COSTS LISTED ABOVE FOR ($244.33) ($112.85) $18.64 VARIOUS YIELDS AND ($112.85) $62.46 $ Sensitivity Analysis based on soybeans/wheat yield and price $18.64 $ $ Assumptions 1 Post-plant bean glyphosate application Sensitivity analysis based on 75%,100% and 125% of yield of beans and current forward contract price of beans/wheat. WHEAT SOYBEAN DOUBLE CROP

13 CROP: YEAR: SEED SOIL TEST NITROGEN PHOSPHATE POTASH LIME PESTICIDES CROP INSURANCE DRYING FUEL INTEREST ON OPERATING CAPITAL TOTAL LISTED ABOVE LAND CHARGE TOTAL FIXED COST LISTED ABOVE TOTAL VARIABLE AND FIXED COST LISTED ABOVE NET INCOME OVER VARIABLE & FIXED COSTS LISTED ABOVE

14 Cost Per Acre Corn - No Till Corn - Conventional Soybeans Wheat Wheat/Beans 2007 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ ** Historical Chart is based on prices in the January - March of each year Cost Per Acre $ $ $ $ $ $ $ $ $0.00 Corn - No Till Corn - Conventional Soybeans Wheat Wheat/Beans

15 Cost Per Acre 2018 Corn - No Till Corn - Conventional Soybeans Wheat Wheat/Beans 2018 $ $ $ $ $ Cost Per Acre 2018 $ $ $ $ $ $ $ $ $ $ $ $ $0.00 Corn - No Till Corn - Conventional Soybeans Wheat Wheat/Beans