2007 Virginia Farm Business Management Crop Budget

ID

446-047

Authors as Published

All budgets: Eric Eberly, Farm Business Management Agent, Gordon Groover, Extension Economist, Farm Management and the Farm Business Management Staff

Introduction

Farm Business Management Staff

2007 Crop Budget Index

The budgets in this publication have been developed by the Virginia Cooperative Extension Farm Business Management Agents* for the major crops and livestock enterprises in Virginia. These budgets show the projected costs and returns for the production of these enterprises in a given situation.

Input data for the budgets are based on information from a number of sources such as farm records, personal contact with individual farmers, farm supply businesses, Virginia Tech research, Extension agents and plain old practical experience.

While every attempt is made to make the budgets realistic, the users should realize that they are "typical" or "average" in nature rather than fitting any given farm situation. Thus, users of these budgets would be expected to modify them to better fit their particular operation.

The prices for inputs were obtained from farm supply and machinery dealers throughout Virginia. Therefore, prices for any given input may not be accurate for any particular area.

Calculated machinery costs are based on the following assumptions: Tractor costs are based on an useful life of 12,000 hours and used 500 hours per year; pulled equipment costs are based on 500 acres of use per year; and combine costs are based on 750 acres of use per year.

The purpose of these budgets is to provide a guideline for helping producers determine their projected costs and returns of a given enterprise. They are intended to serve as a reminder of the variety of costs incurred in the production of crops and livestock in Virginia. These budgets also attempt to show the importance of budgeting for individual enterprises and projected returns on a range of yields, input costs, and product prices.

These budgets were developed using the spreadsheet program Microsoft Excel® and adaptation of BUDSYS (Ferreira, W. 2001) to Virginia. Clemson University, Clemson, SC. Comments to Wilder Ferreira. For further information or to get assistance with budgeting and farm financial management, contact your area Farm Business Management Agent or local Extension Agent.

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Virginia Cooperative Extension - Farm Business Management Staff

Eric Eberly (C) Southern Piedmont AREC 2375 Darville Road Blackstone, VA 23824 Phone (434) 292-5331 ext 241 Fax: (434) 292-5623 E-mail: eeberly@vt.edu	Mike Roberts (SE) Post Office Box 68 Prince George, VA 23875 Phone: (804) 733-2686 Fax: (804) 733-2676 E-mail: mrob@vt.edu	Jim Pease (VT) Dept. of Ag and Applied Econ Mail Code 0401 Virginia Tech Blacksburg, VA 24061 Phone: (540) 231-4178 Fax: (540) 231-7417 E-mail: peasej@vt.edu
Peter Callan (N) 101 S. West Street Culpeper, VA 22701-3088 Phone: (540) 727-3435 Fax: (540) 727-3451 E-mail: peterc@vt.edu	Matthew Miller (SW) 121 Bagley Circle, Suite 434 Marion, VA 24354 Phone: (276) 783-5175 Fax: (276)783-9314 E-mail: mamille6@vt.edu	Alex White (VT) Dept. of Ag & Applied Economics Mail Code 0401 Virginia Tech Blacksburg, VA 24061 Phone: (540) 231-3132 Fax: (540) 231-7417 E-mail: axwhite@vt.edu
Tom Stanley (NW) Augusta Co. Government Center County Government Center P.O. Box 590 Verona, VA 24482-0590 Phone: (540) 245-5750 Fax: (540) 245-5752 E-mail: stanleyt@vt.edu	Albert Essel (VSU) Virginia State Extension Service P.O. Box 9081 Virginia State University Petersburg, VA 23806 Phone: (804) 524-5871 Fax: (804) 524-5049 E-mail: aessel@vsu.edu	Bill Whittle (NW) Virginia Cooperative Extension 215 West Main Street, Suite C Stanley, VA 22851 Phone: (540) 743-5794 Fax: (540) 743-2013 E-mail: wwhittle@vt.edu
Gordon Groover (VT) Dept. of Ag and Applied Economics Mail Code 0401 Virginia Tech Blacksburg, VA 24061 Phone: (540) 231-5850 Fax: (540) 231-7417 E-mail: xgrover@vt.edu	Denise Mainville (VT) Dept. of Ag & Applied Economics Mail Code 0401 Virginia Tech Blacksburg, VA 24061 Phone: (540) 231-5774 Fax: (540) 231-7417 E-mail: mainvill@vt.edu	C = Central N = Northern NE = Northeast NW = Northwest S = Seafood AREC SE = Southeast SW = Southwest VSU = VA State VT = VA Tech

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2007 Crop Budget Index (All downloads are in Excel format)

Alfalfa Hay Budgets

Annual Pasture and Hay Budgets

Corn Grain Budgets

Corn Silage Budgets

Cotton Budgets

Data Files For Budgets

Fescue Pasture and Hay Budgets

Grain Sorghum and Grain Sorghum Silage Budgets

Grass-Clover Hay Budgets

Peanut Budgets

Silage and Double Crop Budgets

Small Grain, Canola and Straw Budgets

Soybean Budget

Tobacco Budgets

Warm season Pasture and Hay Budgets

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Trade and brand names are used only for the purpose of information and Virginia Cooperative Extension does not guarantee nor warrant the standard of the product, nor does it imply approval of the product to the exclusion of others which may also be suitable.

Constant changes in pesticide regulations may affect the use of certain input items in these budgets. Always check the current registered use and read and follow label directions when using pesticides.

Rights

Virginia Cooperative Extension materials are available for public use, re-print, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.

Publisher

Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Rick D. Rudd, Interim Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; Wondi Mersie, Interim Administrator, 1890 Extension Program, Virginia State, Petersburg.

Date

May 1, 2009

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