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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 50-Soybeans, Tilled Seed Bed, Roundup Ready after Corn (40 bu Actual Yield) Dryland 1 Disk Field Cultivation Plant Spray Combine Dryland SB Truck Custom Total for % 3 ounce % 1 bag % 32 ounce Select Max Herbicide 5 100% 6 ounce % 1.7 pound * 6 20% 1 acre % 1.6 ounce % 40 bushel Scouting Dryland Soybeans Scouting 100% 1 acre Soybeans Dryland Crop Insurance 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 Dryland (State) $ 3,390 per 4.00% Real Estate Taxes $ 3,390 per 1.00% Total Cost per Acre Including Overhead Cost per bu 9.14 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
3 2016 Budget 51-Soybeans, No-Till, Roundup Ready after Corn (45 bu Actual Yield) Dryland 2 Spray Plant No-Till Spray Combine Dryland SB Truck Custom Total for % 1 bag * 3 100% 32 ounce * Select Max Herbicide 3 100% 6 ounce % 1.7 pound Warrior II/Zeon Insecticide 6 100% 45 bushel Scouting Dryland Soybeans Scouting 100% 1 acre Soybeans Dryland Crop Insurance Total Materials & Services Total listed costs for and Materials & Services Interest on Operations Capital $ cash 5.50% for 6.0 mo Total Operating and Use Related Costs Real Estate Opportunity Dryland (State) $ 3,390 per 4.00% Real Estate Taxes $ 3,390 per 1.00% Total Cost per Acre Including Overhead Cost per bu 8.13 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
4 2016 Budget 52-Soybeans, No-Till, Roundup Ready, Continuous (40 bu Actual Yield) Dryland 2 Plant No-Till Combine Dryland SB Truck Custom Total for % 1 bag % 32 ounce % 1.7 pound * 6 100% 40 bushel Scouting Dryland Soybeans Scouting 100% 1 acre Soybeans Dryland Crop Insurance 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 Dryland (State) $ 3,390 per 4.00% Real Estate Taxes $ 3,390 per 1.00% Total Cost per Acre Including Overhead Cost per bu 8.83 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
5 2016 Budget 53-Soybeans, Tilled Seedbed, Roundup Ready after Corn (62 bu Actual Yield) Pivot Irrigated, 800 GPM 35 PSI, 9 acre/inches 1 Disk Field Cultivation Plant Pivot D 125' Lift 9 ai Spray Combine Irr SB Truck Custom Total for % 3 ounce % 1.1 bag % 32 ounce Select Max Herbicide 6 100% 6 ounce % 1.7 pound * 7 20% 1 acre % 1.6 ounce % 1 acre Priaxor Fungicide 8 50% 4 ounce % 62 bushel 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 bu Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
6 2016 Budget 54-Soybeans, Ridge Till, Roundup Ready after Corn (62 bu Actual Yield) Gravity Irrigated, 1,000 GPM 10 PSI, 12 acre/inches 2 Ridge Plant and Band Herbicide Ridge Cultivation Ridge Cultivate/Ditch Pipe D 125' Lift 12 ai Spray Combine Irr SB Truck Custom Total for % 1.7 pound % 3 ounce % 1.1 bag % 32 ounce % 1.7 pound * Select Max Herbicide 6 40% 6 ounce * Crop Oil Concentrate Additive 6 40% 2 pint % 1 acre Warrior II/Zeon Insecticide 7 20% 1.6 ounce % 1 acre Stratego YLD Fungicide 8 50% 4 ounce % 62 bushel 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 (State) $ 6,900 per 4.00% Real Estate Taxes $ 6,900 per 1.00% Total Cost per Acre Including Overhead Cost per bu Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
7 2016 Budget 55-Soybeans, No-Till 15-inch Row, Roundup Ready after Corn (65 bu Actual Yield) Pivot Irrigated, 800 GPM 35 PSI, 6 acre/inches 2 Plant Narrow Row Pivot D 125' Lift 6 ai Combine Irr SB Truck Custom Total for % 1.1 bag % 32 ounce Select Max Herbicide 3 100% 6 ounce % 1.7 pound * 5 50% 1 acre Quilt Xcel Fungicide 5 50% 10.5 ounce % 65 bushel 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 bu 9.65 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
8 2016 Budget 56-Soybeans, Roundup Ready, No-Till Narrow Row, Continuous (59 bu Actual Yield) Pivot Irrigated, 800 GPM 35 PSI, 6 acre/inches 2 Plant Narrow Row Pivot D 125' Lift 6 ai Combine Irr SB Truck Custom Total for RR2 Soybeans Treated Seed 2 100% 1.1 pound % 32 ounce % 1.7 pound * 5 50% 1 acre Priaxor Fungicide 5 50% 4 ounce % 59 bushel 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 bu Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved.
9 2016 Budget 57-Soybeans, No-Till Drilled 7.5-inch Rows, Roundup Ready after Corn (65 bu Actual Yield) Pivot Irrigated, 800 GPM 35 PSI, 6 acre/inches 2 No-Till Drill Pivot D 125' Lift 6 ai Combine Irr SB Truck Custom Total for % 1.1 bag % 32 ounce Select Max Herbicide 3 100% 6 ounce % 1.7 pound * 5 50% 1 acre Stratego YLD Fungicide 5 50% 4 ounce % 65 bushel 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 bu 9.61 Cash Cost per bu 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 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 2015) Developed and Edited by Robert N. Klein, Western Nebraska Extension Crops Specialist Roger K. Wilson, Farm Management/Enterprise
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