Part 1, Section 12: Farm Management: Enterprise Budgets
Farm Management: Enterprise Budgets
SAMPLE BUDGETS
Double-crop barley/soybean and wheat/soybeans budgets
- Receipts: For the sample budgets, double crop yields of 80 bushels of barley and 40 bushels of soybeans per acre and 50 bushels of wheat and 35 bushels of soybeans per acre—and prices of $2.35 per bushel for barley, $4.25 per bushel for wheat, and $6.25 per bushel for soybeans—are used. In addition, 1.5 tons of barley straw ($130/ton) and 1.5 tons of wheat straw ($100/ton) are included in the budget receipts.
- Variable costs: The budgets assume that reduced tillage is used for the small grains and no-till for soybeans. Seeding rates of 2.5 bushels per acre for barley, 2 bushels per acre for wheat, and 1.7 bushels per acre for soybeans are used for the budgets. Labor is charged at $12 per hour and off-road diesel fuel at $2.25 per gallon. A 50-45-80 fertilizer for barley and 75-40-40 for wheat are assumed in the budgets (you should adjust your costs to account for any manure applications in your own budgets). A yearly charge for 0.5 ton of lime is included in both budgets. No insecticides or drying charges were included in the double crop budgets.
The weed management program for the small grains consists of a spring application of commonly used herbicides and one application of glyphosate for the soybeans. The pesticides used for developing cost estimates are for example purposes only; a complete list of recommended pesticides can be found in Part 2.4: Soybean Pest Management and Part 2.5: Small Grain Pest Management.