The costs for growing alfalfa, corn, soybeans and wheat in Wisconsin are predicted to be more in 2011 than in 2010. Fertilizer prices will be higher and seed prices are expected to be slightly higher, but pesticide costs should be relatively stable, according to Ken Barnett, University of Wisconsin Extension educator.
“When deciding how much of an input to apply, producers can maximize their investment in that input by considering its marginal rate of return,” says Barnett.
The 2011 Crop Budget Cost of Production Calculator for Wisconsin can help producers in making their cropping decisions in the upcoming year. It allows producers to construct enterprise budgets for corn after corn, corn after soybeans, corn silage after alfalfa, corn silage after corn, soybeans, wheat, seeding alfalfa and established alfalfa for hay and haylage.
The calculator can be downloaded from the university’s Center for Dairy Profitability Web site at http://cdp.wisc.edu/ . Click on Budgets and Other Resources and then Crop Enterprise Budgets and Economics.
For more information, contact Barnett at 715-355-4561 or firstname.lastname@example.org.