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1 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 Budget Analyst, (Retired) 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. 1 The Board of Regents of the University of Nebraska. All rights reserved
2 2018 Budget 70-Wheat, No Till, Wheat after Row Crop, 55 bu Yield Goal (50 bu Actual Yield) 1 No-Till Drill Spray Fertilizer and Herbicide Aerial Spray Custom 4 Aerial Spray Custom 5 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total Fertilizer 1 100% 8 gallon % 90 pound Fertilizer 2 100% 75 lbs N % 0.3 ounce % 0.5 pint NIS Additive 2 100% 6 ounce % 1 acre % 10.5 ounce % 1 acre % 1 pint % 1.92 ounce % 50 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 (Southwest) $ 1,710 per 3.00% Real Estate Taxes $ 1,710 per 1.00% Total Cost per Acre Including Overhead Cost per bu 5.00 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved
3 2018 Budget 71-Wheat, No Till, Fallow, One Crop in Two Years, 65 bu Yield Goal (60 bu Actual Yield) 1 Spray (Prior Year Stubble) Spray (Prior Year Stubble) Spray Herbicide Spray Herbicide Spray Herbicide No-Till Drill Spread Fertilizer Spray Herbicide Aerial Spray Custom 10 Aerial Spray Custom 11 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total 1 100% 32 ounce % 1.7 pound % 32 ounce % 1.7 pound AAtrex 4L Herbicide 2 100% 1 quart % 32 ounce % 1.7 pound % 32 ounce % 1.7 pound % 32 ounce % 1.7 pound Fertilizer 6 100% 8 gallon % 60 pound Fertilizer 7 100% 70 lbs N % 0.3 ounce % 0.5 pint NIS Additive 8 100% 6 ounce % 1 acre % 10.5 ounce % 1 acre % 1 pint % 1.92 ounce % 60 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 (Panhandle) $ 1,430 per 3.00% Real Estate Taxes $ 1,430 per 1.00% Total Cost per Acre Including Overhead Cost per bu 5.32 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved
4 2018 Budget 72-Wheat, Stubble Mulch Fallow, One Crop in Two Years, 60 bu Yield Goal (55 bu Actual Yield) 1 Fallow Master Fallow Master Fallow Master Rod Weeder Rod Weeder Drill Spray Fertilizer Spray Herbicide Aerial Spray Custom 10 Aerial Spray Custom 11 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total Fertilizer 6 100% 8 gallon % 55 pound Fertilizer 7 100% 65 lbs N % 0.5 pint % 0.3 ounce NIS Additive 8 100% 6 ounce % 1 acre % 10.5 ounce % 1 acre % 1 pint % 1.92 ounce % 55 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 (Panhandle) $ 1,430 per 3.00% Real Estate Taxes $ 1,430 per 1.00% Total Cost per Acre Including Overhead Cost per bu 5.68 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved
5 2018 Budget 73-Wheat, Conventional Tillage, One Crop in Two Years, 55 bu Yield Goal (50 bu Actual Yield) 1 Disk Field Cultivation Field Cultivation Field Cultivation Rod Weeder Rod Weeder & Fertilizer Drill Spray Herbicide Aerial Spray Custom 10 Aerial Spray Custom 11 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total Fertilizer 6 100% 50 lbs N Fertilizer 7 100% 8 gallon % 50 pound % 0.5 pint % 0.3 ounce NIS Additive 8 100% 6 ounce % 1 acre % 10.5 ounce % 1 acre % 1 pint % 1.92 ounce % 50 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 (Panhandle) $ 1,430 per 3.00% Real Estate Taxes $ 1,430 per 1.00% Total Cost per Acre Including Overhead Cost per bu 6.07 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved
6 2018 Budget 74-Wheat, No Till, Wheat before Corn, Two Crops in Three Years, 75 bu Yield Goal (70 bu Actual Yield) 1 Spray Herbicide Spray Herbicide Spray Herbicide Spray Herbicide No-Till Drill Spread Fertilizer Spray Herbicide Aerial Spray Custom 9 Aerial Spray Custom 10 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total 1 100% 32 ounce % 1.7 pound % 1 pint % 32 ounce % 1.7 pound % 1 pint % 32 ounce % 1.7 pound % 1 pint % 32 ounce % 1.7 pound Fertilizer 5 100% 8 gallon % 60 pound Fertilizer 6 100% 80 lbs N % 0.3 ounce NIS Additive 7 100% 6 ounce % 0.5 pint % 1 acre % 10.5 ounce % 1 acre % 1 pint % 1.92 ounce % 70 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 (Southwest) $ 1,710 per 3.00% Real Estate Taxes $ 1,710 per 1.00% Total Cost per Acre Including Overhead Cost per bu 4.35 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved
7 2018 Budget 75-Wheat, No Till, after Beans, 100 bu Yield Goal (90 bu Actual Yield) Pivot Irrigated Diesel, 800 GPM 35 PSI, 6 acre/inches 1 No-Till Drill Pivot D 125' Lift 6 ai Spray Herbicide Aerial Spray Custom 5 Aerial Spray Custom 6 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total Fertilizer 1 100% 8 gallon % 120 pound Fertilizer 2 100% 120 lbs N % 0.5 pint % 0.3 ounce NIS Additive 3 100% 6 ounce % 1 acre % 14 ounce % 1 acre % 1 pint % 1.92 ounce % 90 bushel Scouting Irrigated Wheat Scouting 100% 1 acre 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 (Panhandle) $ 2,815 per 3.00% Real Estate Taxes $ 2,815 per 1.00% Total Cost per Acre Including Overhead Cost per bu 4.30 Cash Cost per bu The Board of Regents of the University of Nebraska. All rights reserved
8 2018 Budget 76-Wheat, No Till, in Rotation (85 bu Actual Yield) Pivot Irrigated Electric, 800 GPM 35 PSI, 6 acre/inches 1 Spray Herbicide No-Till Drill Spray Herbicide Pivot E 125' Lift w/fertigation 6 ai Aerial Spray Custom 6 Aerial Spray Custom 7 Combine Small Grain Truck Custom Total for Materials & Services Index Rate Unit Price Total 1 100% 32 ounce Valor XLT Herbicide 1 100% 1.5 ounce % 120 pound Fertilizer 2 100% 40 pound % 0.5 pint % 0.3 ounce NIS Additive 3 100% 6 ounce ( by Pivot) Fertilizer 4 100% 115 lbs N Electricity Fixed Other 4 100% 1 acre % 1 acre % 14 ounce % 1 acre % 1 pint % 1.92 ounce Scouting Irrigated Wheat Scouting 100% 1 acre % 85 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 (Panhandle) $ 2,815 per 3.00% Real Estate Taxes $ 2,815 per 1.00% Total Cost per Acre Including Overhead Cost per bu 4.76 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
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
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