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University of Minnesota Extension

Crop budgets

The 2018 crop budget are compiled by using data from the FINBIN website. The data is compiled from farmers and agricultural producers enrolled in the Minnesota Farm Business Management Education through Minnesota State and Southwestern Minnesota Farm Business Management Association. These farms represent approximately 10 percent of Minnesota farms.

The table is calculated in a per acre basis. The top portion of each table is income. Yield times price equals total production return/acre plus miscellaneous income (straw, crop insurance, e.g.) equals the gross return/acre.

The next portion of each table is expenses. Again, all on a per acre basis. Other expenses includes marketing, hedging, drying expense, operating interest and other.

In bold, you can see how much is left to cover land rent and owner (labor and management charge). In previous years the average land rent and labor and management charge are listed, but for the 2018 forecast they are unknown.

Southern Minnesota

The counties included in central Minnesota are Benton, Big Stone, Blue Earth, Brown, Carver, Chippewa, Cottonwood, Dakota, Dodge, Douglas, Faribault, Fillmore, Freeborn, Goodhue, Grant, Houston, Jackson, Kandiyohi, Kanabec, Lac qui Parle, Le Sueur, Lincoln, Lyon, McLeod, Martin, Meeker, Mille Lacs, Morrison, Mower, Murray, Nicollet, Noble, Olmstead, Pine, Pipestone, Pipe, Redwood, Renville, Rice, Rock, Schott, Sherburne, Sibley, Stearns, Steele, Stevens, Swift, Todd, Traverse, Wabasha, Waseca, Watonwan, Winona, Wright and Yellow Medicine.


Central Minnesota

The counties included in central Minnesota are Benton, Douglas, Kandiyohi, Meeker, Morrison, Otter Tail, Pope Sherburne, Stearns and Todd.


Northwestern Minnesota

The counties included in northwest Minnesota are Becker, Clay, Clearwater, Kittson, Mahnomen, Marshall, Norman, Pennington, Polk and Red Lake.


Nathan Hulinsky, Extension educator; Dave Bau, Extension educator

Reviewed in 2018

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