Nebraska: 2016 Crop Budgets Available

    ©Debra L Ferguson Stock Photography

    The 2016 Nebraska Crop Budgets are complete and available online at:

    Four new budgets have been added for dryland corn production in eastern Nebraska.

    The breakeven prices for 2016 are lower than they were in 2015 for every budget. The average decline in breakeven prices of the irrigated corn budgets is almost 24 cents per bushel; $4.42 in 2015 compared to $4.19 in 2016. (The apparent discrepancy in the math is because of rounding errors.)

    The break-even price for irrigated soybean budgets was 44 cents per bushel lower; $10.62 in 2015 compared to $10.18 in 2016.

    Lower fuel cost is one reason for the decline in breakeven prices. The price used for fuel in 2015 was $3.25 per gallon compared to $2.25 per gallon in 2016. The fuel price for 2016 appears a little high now because it was obtained in October, 2015; but what it will be in the spring remains to be seen.

    Fertilizer is another expense category where prices are lower in 2016 than they were in 2015. Nitrogen price is the main driver for this. The per-pound cost of nitrogen used in the budgets dropped from $0.55 per pound in 2015 to $0.47 per pound in 2016.

    Monoammonium phosphate has a lower proportion of nitrogen than any of the other fertilizers used in formulating the budgets and its price has changed the least over the past two years.

    Prices for herbicides used in the budgets were mixed. Some of the prices for the products used in the budgets were higher and some lower. Some changed substantially, the changes in other price were more modest, and the prices used for some products were unchanged.

    The prices for fungicides and insecticides used in the budgets either remained constant or increased modestly.

    Land charges on the budgets are calculated by multiplying prices from University of Nebraska-Lincoln’s Department of Agricultural Economics’ Farm Real Estate Report times 5% for opportunity cost plus 2% for an estimation of real estate taxes. The 2014-2015 report estimates of farmland prices decreased from a year earlier and these decreases showed up in the lower breakeven prices.

    While decreased production costs are good news, they will not completely cover the reduced revenues from decreased crop prices. They do mitigate these revenue losses somewhat and may provide some optimism for the farm economy going forward. The following is a list of some selected budgets and their estimated breakeven prices.

    Estimated Breakeven Prices

    BUDGET NAME BREAKEVEN PER UNIT
    77 per ton
    9-Alfalfa, Large Round Bale, Dryland
    10-Alfalfa, Large and Small Square Bale, Pivot Irrigated 113 per ton
    11-Alfalfa, Roundup Ready®, Large and Small Square Bale, Pivot Irrigated 114 per ton
    12-Alfalfa, Large and Small Square Bale, Pivot Irrigated 83 per ton
    13-Alfalfa, Large Square Bale, Canal Irrigated 103 per ton
    14-Alfalfa, Roundup Ready®, Large Square Bale, Canal Irrigated 103 per ton
    15-Corn, Conventional Tillage, Continuous, 90 bu Yield Goal, Dryland 5.89 per bushel
    16-Corn, Eastern Nebraska Conventional Tillage, Continuous, 155 bu Yield Goal, Dryland 5.1 per bushel
    17-Corn, No-Till, Bt, ECB, RW & RR2, Continuous, 125 bu Yield Goal, Dryland 4.21 per bushel
    18-Corn, Eastern Nebraska, No-Till, Bt, ECB, RW & RR2, Continuous, 170 bu Yield Goal, Dryland 4.22 per bushel
    19-Corn, No-Till, SmartStax RIB Complete, Continuous, 130 bu Yield Goal, Dryland 4.11 per bushel
    20-Corn, Eastern Nebraska No-Till, SmartStax RIB Complete, Continuous, 175 bu Yield Goal, Dryland 4.18 per bushel
    21-Corn, No-Till, Bt & ECB, after Soybeans, 135 bu Yield Goal, Dryland 3.8 per bushel
    22-Corn, Eastern Nebraska No-Till, Bt & ECB, after Soybeans, 180 bu Yield Goal, Dryland 3.91 per bushel
    23-Corn, Ecofallow, Follows Wheat, Two Crops in Three Years, RR2, Bt & ECB, 125 bu Yield Goal, Dryland 3.75 per bushel
    24-Corn, Ridge Till, Bt, ECB & RW, Continuous, 230 bu Yield Goal, Gravity Irrigated 4.16 per bushel
    25-Corn, Ridge Till, SmartStax RIB Complete, Continuous, 240 bu Yield Goal, Gravity Irrigated 4.17 per bushel
    26-Corn, Panhandle Continuous, SmartStax RIB Complete, 190 bu Yield Goal, Canal Irrigated 3.98 per bushel
    27-Corn, No-Till, Bt, ECB & RW, Continuous, 240 bu Yield Goal, Pivot Irrigated 4.1 per bushel
    28-Corn, No-Till, SmartStax RIB Complete, Continuous, 250 bu Yield Goal, Pivot Irrigated 4.04 per bushel
    29-Corn, Bt, ECB & RW, Continuous, 230 bu Yield Goal, Pivot Irrigated 4.43 per bushel
    30-Corn, Panhandle, SmartStax RIB Complete, 190 bu Yield Goal, Pivot Irrigated 4.57 per bushel
    31-Corn, SmartStax RIB Complete, Continuous 240 bu Yield Goal, Pivot Irrigated 4.41 per bushel
    32-Corn, No-Till, Bt & ECB, after Beans, 240 bu Yield Goal, Pivot Irrigated 3.84 per bushel
    34-Dry Beans, Reduced Till with Wheat Cover Crop after Harvest, Pivot Irrigated 24 per cwt
    35-Dry Beans, Conventional Tillage, Canal Irrigated 24 per cwt
    36-Dry Beans, Conventional Tillage Using Pumped Water, Pivot Irrigated 25 per cwt
    37-Dry Beans, Direct Harvest, Conventional Tillage Using Pumped Water, Pivot Irrigated 26 per cwt
    38-Grain Sorghum, Conventional Tillage, 105 bu Yield Goal, Dryland 3.63 per bushel
    39-Grain Sorghum, No-Till, 125 bu Yield Goal, Dryland 3.37 per bushel
    40-Grain Sorghum, Ecofallow, After Wheat, Two Crops in Three Years, 115 bu Yield Goal, Dryland 3.25 per bushel
    41-Grain Sorghum, No-Till, Limited Irrigation, 165 bu Yield Goal, Pivot Irrigated 3.58 per bushel
    50-Soybeans, Tilled Seed Bed, Roundup Ready® after Corn, Dryland 9.14 per bushel
    51-Soybeans, No-Till, Roundup Ready® after Corn, Dryland 8.13 per bushel
    52-Soybeans, No-Till, Roundup Ready®, Continuous, Dryland 8.83 per bushel
    53-Soybeans, Tilled Seedbed, Roundup Ready® after Corn, Pivot Irrigated 10.72 per bushel
    54-Soybeans, Ridge Till, Roundup Ready® after Corn, Gravity Irrigated 10.18 per bushel
    55-Soybeans, No-Till 15-inch Row, Roundup Ready® after Corn, Pivot Irrigated 9.65 per bushel
    56-Soybeans, Roundup Ready®, No-Till Narrow Row, Continuous, Pivot Irrigated 10.76 per bushel
    57-Soybeans, No-Till Drilled 7.5-inch Rows, Roundup Ready® after Corn, Pivot Irrigated 9.61 per bushel
    58-Sugarbeet, Panhandle, Roundup Ready®, One Pass Zone-Tillage, Canal Irrigated 35 per ton
    59-Sugarbeet, Panhandle, Roundup Ready®, Conventional Tillage, Gravity Irrigated, Canal 35 per ton
    60-Sugarbeet, Panhandle, Roundup Ready®, One Pass Zone-Tillage, Pivot Irrigated 38 per ton
    61-Sugarbeet, Panhandle, Roundup Ready®, Conventional Tillage, Pivot Irrigated 38 per ton
    62-Sunflower, Panhandle, No-Till, Following Corn or Grain Sorghum, Dryland 16.63 per cwt
    63-Sunflower, Panhandle, Ecofallow, after Wheat, Two Crops in Three Years, Dryland 15.34 per cwt
    64-Sunflower, Panhandle, No-Till, Pivot Irrigated 15.62 per cwt
    65-Wheat, No-Till, Wheat after Row Crop, 50 bu Yield Goal, Dryland 6.08 per bushel
    66-Wheat, No-Till Fallow, One Crop in Two Years, 60 bu Yield Goal, Dryland 6.72 per bushel
    67-Wheat, Stubble Mulch Fallow, One Crop in Two Years, 55 bu Yield Goal, Dryland 7.13 per bushel
    68-Wheat, Clean Till Fallow, One Crop in Two Years, 50 bu Yield Goal, Dryland 7.73 per bushel
    69-Wheat, No-Till Wheat before Corn, Two Crops in Three Years, 65 bu Yield Goal, Dryland 6.03 per bushel
    70-Wheat, No-Till after Beans, 100 bu Yield Goal, Pivot Irrigated 5.13 per bushel
    71-Wheat, No-Till, in Rotation, Pivot Irrigated 5.72 per bushel



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