Find your corn, soybean profit numbers

Find your corn, soybean profit numbers

You know these tight margins are playing havoc with crop budgets and potential profits. The University of Wisconsin has a tool to run various scenarios and calculate your profitability [2] for the coming year.

The sample uses $4.49 corn [3] and 181-bushel yield, to predict $402.08 total operating costs per acre (or $2.22/bushel) costs per acre.

Add $123.60 per acre land-ownership costs and other fixed expenses, and Wisconsin Extension gets $3.20 total cost per bushel of corn following soybeans [4], or $233.12 per acre profit.

Sounds low to me because of the land figure. Plug in your own figures on the right-hand part of the Excel sheet for more meaningful costs.

Thanks to Ken Barnett at the Wisconsin Center for Dairy Profitability for the tool.

Click for a larger PDF of the crop budgets [5]