UACES Facebook SIDEBAR: Division of Agriculture releases revised crop budgets

SIDEBAR: Division of Agriculture releases revised crop budgets

By Ryan McGeeney
U of A System Division of Agriculture
May 10, 2019 

Fast Facts:

(202 words)
(Download this story in MS Word format here.)

LITTLE ROCK – As producers across Arkansas consider how to proceed in a year of wide-spread delayed or prevented planting, the University of Arkansas System Division of Agriculture has released revised crop enterprise budgets to reflect current market prices and changes in input prices.

Breana Watkins, an economic program associate for the Division of Agriculture, said the budgets are useful in helping growers to move forward when plans change.

“The budgets provide a great tool for producers looking to evaluate the economics of alternative crops to aid in planting decisions,” Watkins said. 

The budgets can be accessed online at https://www.uaex.edu/farm-ranch/economics-marketing/farm-planning/budgets/crop-budgets.aspx

Additionally, Division of Agriculture researchers have compiled information on break-even prices and yields for soybeans, providing relevant economic data for a wide variety of soybeans. The information can be accessed at https://www.uaex.edu/farm-ranch/economics-marketing/farm-planning/ under the dropdown tab labeled “Arkansas Breakeven Prices and Yields for Soybean Cost of Production Budgets.” 

“As producers are looking to switch acreage to soybeans, these PDFs give a quick view of break-even prices and yields for all of the soybean enterprise budgets, including various crop-share arrangements,” Watkins said. 

To learn about enterprise crop budgets, contact your local Cooperative Extension Service agent or visit www.uaex.edu. Follow us on Twitter at @UAEX_edu

 

About the Division of Agriculture

The University of Arkansas System Division of Agriculture’s mission is to strengthen agriculture, communities, and families by connecting trusted research to the adoption of best practices. Through the Agricultural Experiment Station and the Cooperative Extension Service, the Division of Agriculture conducts research and extension work within the nation’s historic land grant education system.  

The Division of Agriculture is one of 20 entities within the University of Arkansas System. It has offices in all 75 counties in Arkansas and faculty on five system campuses.   

The University of Arkansas System Division of Agriculture offers all its Extension and Research programs to all eligible persons without regard to race, color, sex, gender identity, sexual orientation, national origin, religion, age, disability, marital or veteran status, genetic information, or any other legally protected status, and is an Affirmative Action/Equal Opportunity Employer.

# # #

 

Media Contact: Ryan McGeeney
Communication Services
U of A System Division of Agriculture
Cooperative Extension Service
(501) 671-2120
rmcgeeney@uaex.edu