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Crop budgets

Annual crop budgets are compiled by using data from the FINBIN website. The data is collected 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 tables are calculated on a per acre basis. The top portion of each table shows income. Yield multiplied by price equals the total production return per acre.  Adding miscellaneous income (straw, crop insurance, etc.) equals the gross return per acre.

The next portion of each table shows expenses on a per acre basis. Other expenses include marketing, hedging, drying, operating interest and other.

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

Southern Minnesota

The counties included in southern 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.

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Central Minnesota

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

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Northwestern Minnesota

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

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Statewide budgets

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Nathan Hulinsky and Dave Bau, Extension educators

Reviewed in 2021

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