Purdue 2022 Crop Cost and Return Guide

The Purdue 2022 Crop Cost and Return Guide
Robert Yoder, ANR Educator Marshall County

Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the December 2021 crop budget estimations for 2022; prepared by Purdue faculty members Michael Langemeier and Craig Dobbins, Department of Agricultural Economics; Bob Nielsen, Tony Vyn and Shaun Casteel, Department of Agronomy; and Bill Johnson, Department of Botany and Plant Pathology.

Find the companion spreadsheet tool to examine gross revenue, costs, and earnings for crop enterprises https://ag.purdue.edu/commercialag/home/resource/2021/10/crop-budget-spreadsheet/ A user can evaluate up to three full-season crops, and the wheat double-crop soybean system. Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. Breakeven prices to cover variable and total cost are computed for each crop.

2022 Purdue Crop Cost and Return Guide has all commodity options and soil production types covering the variable costs of planting the 2022 row crops but only one option being corn bean rotation 3,000 acres farmed on top ground covers all cost. The other challenge with the 2022 guide is that there remains a lot of variability in input costs, so actual input costs for farmers can vary significantly from this guide. That said, it is a good tool for farmers to use with landowners to help them understand the financial challenges ahead for farmers in 2022. For landowners, it is a good annual update to help understand how profitable average farmers will be in an upcoming production season.

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