The Latest

Events

  1. Kansas: K-State Program to Help Farmers Deal with Historic Ag Downturn

    December 7, 2016 @ 8:00 am - February 15, 2017 @ 5:00 pm
  2. Louisiana: LSU Rice Clinics Scheduled Jan. 5 to Feb. 8 in 6 Locations

    December 20, 2016 @ 8:00 am - February 9, 2017 @ 5:00 pm
  3. South Carolina: 4 Upcoming Forest Management Workshops for Woodland Owners

    January 12 @ 8:00 am - February 10 @ 5:00 pm
  4. Minnesota: Weed Resistance Workshops for Jan., Feb.

    January 13 @ 8:00 am - February 24 @ 5:00 pm
  5. Louisiana: LSU Offers 3 Irrigation Workshops in Jan., Feb.

    January 17 @ 8:00 am - February 14 @ 5:00 pm
  6. Illinois: 4 Regional Crop Management Conferences in Jan., Feb.

    January 18 @ 8:00 am - February 15 @ 5:00 pm
  7. Georgia Ag Forecast Series Scheduled Jan. 18-27

    January 18 @ 8:00 am - January 27 @ 5:00 pm
  8. Texas: Pecan Short Course, College Station, Jan 23-26

    January 23 @ 8:00 am - January 26 @ 5:00 pm
  9. Missouri: 9 ‘Grow Your Farm’ Sessions from Jan. – March

    January 23 @ 8:00 am - March 11 @ 5:00 pm
  10. Texas: Red River Crops Conference, Childress Jan. 24-25

    January 24 @ 8:00 am - January 25 @ 5:00 pm
  11. South Carolina: Cotton, Peanut Grower Meetings, Sentee, Jan. 24, 26

    January 24 @ 8:00 am - January 26 @ 5:00 pm
  12. Missouri: 4 Farm Retirement, Succession, Estate Planning Workshops in Jan., Feb.

    January 24 @ 8:00 am - February 14 @ 5:00 pm
  13. Arkansas Soil & Water Education Conference, Jonesboro, Jan. 25

    January 25 @ 8:00 am - 5:00 pm
  14. Georgia: Cotton Production Workshop, Tifton, Jan. 25

    January 25 @ 8:00 am - 5:00 pm
  15. Texas: Feed Grains Marketing Workshop, Amarillo, Jan. 25-26

    January 25 @ 8:00 am - January 26 @ 5:00 pm
  16. Virginia Eastern Shore Ag Conference and Trade Show, Melfa, Jan. 25-27

    January 25 @ 8:00 am - January 27 @ 5:00 pm
  17. Louisiana: Conservation Program Workshop, West Monroe, Jan. 25

    January 25 @ 8:00 am - 5:00 pm
  18. Middle Tennessee Grain Conference, Manchester, Jan. 26

    January 26 @ 8:00 am - 5:00 pm
  19. Texas: Pesticide Applicator Course, Harleton, Jan. 26

    January 26 @ 8:00 am - 5:00 pm
  20. Texas: Feral Hog Program, Falfurrias, Jan. 26

    January 26 @ 8:00 am - 5:00 pm
  21. Nebraska Livestock: 8 Nutrient Management Workshops in Jan. and Feb.

    January 26 @ 8:00 am - February 7 @ 5:00 pm
  22. Rice Industry: Upcoming Meetings in MS, AR, LA, in Jan., Feb.

    January 26 @ 8:00 am - February 8 @ 5:00 pm
  23. Texas: Llano Estacado Cotton Conference, Muleshoe, Jan. 30

    January 30 @ 8:00 am - 5:00 pm
  24. Texas: Feral Hog Management Workshop, La Vernia, Jan. 30

    January 30 @ 8:00 am - 5:00 pm
  25. Alabama: Upcoming Crop Production Meetings, Jan. 30, Feb. 7

    January 30 @ 8:00 am - February 7 @ 5:00 pm
  26. Indiana: Ag Business Management Workshop, West Lafayette, Jan. 31 – Feb. 2

    January 31 @ 8:00 am - February 2 @ 5:00 pm
  27. Texas: ‘Last Chance’ CEU Training, San Angelo, Jan. 31

    January 31 @ 8:00 am - 5:00 pm
  28. California: Farm Labor Management Workshops Scheduled in February

    February 1 @ 8:00 am - February 2 @ 5:00 pm
  29. Tennessee: Grain & Soybean Producers Conference, Dyersburg, Feb. 2

    February 2 @ 8:00 am - 5:00 pm
  30. Texas: Grain Elevator Workshop, Amarillo, Feb. 2

    February 2 @ 8:00 am - 5:00 pm

Nebraska: Break-Even Crop Prices Lower This Season

Ernst Undesser
By Jessica Johnson and Roger Wilson, University of Nebraksa-Lincoln Extension March 7, 2014

The 2014 Nebraska Crop Budgets have been expanded from previous editions and are now available online here.

This year’s package includes 66 budgets, including 21 budgets specific to the Nebraska Panhandle. New cost estimates for the Panhandle include alfalfa, gravity-irrigated corn, dryland field peas, and dryland millet.

Prices of inputs were generally higher in this year’s budgets with some notable exceptions, including nitrogen fertilizer and glyphosate herbicides. Production costs for crops that use a lot of nitrogen and/or Roundup Ready® technologies were moderated by these price reductions.

At the same time, increased land prices put upward pressure on production costs for all crops. The increase in real-estate prices in western Nebraska were generally more modest than farm land price increases in the east, so the effect of higher land prices was not as pronounced for the Panhandle commodity budgets. Center-pivot-irrigated land saw the largest increase in the Panhandle, a 23% increase to a 2014 average value of $3,115 per acre.

Costs of production decreased for almost all Panhandle crops. However, conventional-tillage dry edible beans’ break-even price increased 2%, and no-till irrigated wheat increased 7%.

 

Corn

Center-pivot-irrigated corn yielding 180 bushels (Budget 26) has an estimated 2014 break-even price of $4.49 per bushel in western Nebraska, down 3% from 2013. One reason for the drop in production costs is a change in how corn seed was priced. In past years these budgets have used the listed price for corn seed, even though most producers were getting discounts. The 2014 budgets reflect these discounts. Gravity-irrigated corn yielding 180 bushels (Budget 22) has an estimated break-even price of $4.04 per bushel.

Dry Beans

The three dry edible bean budgets were adjusted to more accurately reflect practices in the growing areas. The first dry-bean budget (Budget 30, dry beans with a wheat cover crop) was modified to reflect a reduced tillage system. This helped decrease the break-even point by 6% to $23.61 per hundredweight. A change in Budget 31, gravity-irrigated conventional tillage, increased the break-even cost estimate 2% to $23.69. Finally, the conventional-tillage, center-pivot-irrigated dry bean budget break-even estimate was down 3% to $23.59 per hundredweight.

Sugarbeets

Four sugarbeet budgets were fully revised for 2014. These budgets reflect conventional and one-pass tillage systems, on both gravity and center-pivot-irrigated land. The break-even costs range from $32.88 to $38.02, down 10-14% from the 2013 estimates published in the Sugarbeet Production Guide (EC 156).

Sunflowers

No major changes were made to the sunflower budgets. Dryland no-till sunflowers (Budget 57) decreased 18% from 2013 to $17.81 per hundredweight. The production budget for ecofallow sunflowers (Budget 58) dropped 16% to $16.23 per hundredweight. An irrigated no-till sunflower (Budget 59) was added to the 2014 packet with a break-even price of $14.84 per hundredweight.

Wheat

Decreased herbicide prices helped lower production cost estimates for the three dryland wheat budgets 7-10% (Budgets 61-63), depending on the system. No-till wheat after dry edible beans also decreased, but only by 4% to $5.65 per bushel. Another irrigated wheat budget, irrigated wheat in rotation, was added in 2014 with a break-even price of $5.13 per bushel.

Peas and Millet

A dryland pea budget (43) was added in 2014 and had an estimated break-even price of $5.57 per bushel. Millet was also added and had a break-even of $4.72.

With a lower outlook on commodity prices in 2014, understanding your operation’s cost of production will be pivotal to profitability.  All of the 2014 Nebraska Crop Budgets can be downloaded in either a  Microsoft Excel or PDF format. The Excel budgets are fully editable and can be customized to your operation.

If you have questions about any of these Panhandle budgets, contact UNL Extension Educator Jessica Johnson at 308-632-1247.

Ernst Undesser
By Jessica Johnson and Roger Wilson, University of Nebraksa-Lincoln Extension March 7, 2014