Arkansas farmers planning for next year’s crops can now access most of the 2021 enterprise budgets developed by the University of Arkansas System Division of Agriculture.
Budgets are available for corn, peanuts, rice, sorghum, soybeans and wheat. The cotton budget has been delayed pending available seed pricing. Final updates are expected by Dec. 1.
Breana Watkins, agricultural economics program associate for the division, said the budgets are available in PDF or Excel spreadsheet formats, allowing users to personalize inputs and prices.
“These interactive budgets can be used evaluate alternative costs and returns for optimal profit potential,” she said. “Input decisions should be evaluated with an understanding that yield and revenue maximizing inputs are not necessarily the inputs for maximizing profit. County agents can provide information for Extension input recommendations.
Inputs in the budgets are recommendations as determined by field trials from the Cooperative Extension Service Crop Research Verification Program for each commodity.The 2021 crop enterprise budgets are available at http://bit.ly/2021CropBudgetsAR.
The University of Arkansas contributed this article.