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The University of Tennessee | Institute of Agriculture

Department of Agricultural and Resource Economics

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Budgets


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Field Crop Budgets 2015 X

The 2015 Tennessee Row Crop Budgets were developed to assist producers and other agricultural decision makers to evaluate the returns of different row cropping alternatives. The budgets developed use production alternatives, management strategies, machinery, and inputs that are commonly utilized in row crop production in Tennessee. Given the diverse nature of row crop production in the state it is impossible to account for all possible production scenarios and circumstances. As such, this guide should be utilized to assist decision makers in their annual planning efforts. To develop a custom budget for a specific field or operation interested parties are strongly encouraged to use the Excel based spreadsheet available for download below. The spreadsheet uses the same format as the budgets contained in the PDF documents, however it allows the user to change yields, input quantities, input prices, machinery costs, and add additional costs that are specific to a field or enterprise. This allows users to adjust for region and site specific production methodology and input selections.

This publication and the accompanying Excel spreadsheet contain short-term planning budgets for canola, corn, cotton, grain sorghum, soybean, and wheat enterprises. These budgets should be used for short-run or annual plans developed for 2015, as significant changes may occur from year to year in production methods and input and output prices. Center pivot irrigation budgets for corn, soybean, and cotton were added this year due to increasing use in Tennessee. Canola was added as a winter crop due to rising interest in the southern middle portion of the state.

The fertilizer recommendations in the crop budgets are generally for soils that have a medium soil test. Farmers should have their soils tested in order to get maximum return for money spent for fertilizer. As crop programs are planned, the fertilizer applications can be adjusted to the soil test recommendations.

Disclaimer: Significant variability in inputs, prices, and production methods exist in the production of row crops. The information contained in this document relies on estimates and assumptions that are specific to Tennessee row crop production. These budgets should not be construed as a reflection of all circumstances across the state as significant regional variability will occur. To improve the accuracy users are encouraged to use inputs, prices, and processes that are utilized on their specific farms in budget calculations.

 

Field Crop Budgets for 2015 - Excel (see Note on Security Settings below)

Field Crop Budgets for 2015 - AE15-01 - PDF

*No direct government program benefits are included in the budgets. Adjust the estimates as appropriate.
*Trade Names, Herbicides, Insecticides and Pesticide Caution

Corn - 2015

Soybeans - 2015

Wheat/Soybeans Double Cropped - 2015

Wheat - 2015

Cotton - 2015

Grain Sorghum - 2015

Canola - 2015

 

For additional information on the 2015 Tennessee Row Crop Budgets please contact:

Aaron Smith
Assistant Professor
aaron.smith@utk.edu

Or

Becky Bowling
Extension Specialist
bowling10@utk.edu

 

Note on Security Settings

The file contains macros (buttons for printing and moving from the intro page to the calculator). Security settings for Microsoft Office or Excel may give you warnings for when you open the file. This will especially be true if your security settings are set to high or very high. The following should correct the issue.

For Excel 2010

  • When you open the file a "Security Warning" Message may appear just above the spreadsheet.
  • The message will read "This file originated from an Internet location and might be unsafe."
  • Click on the "Enable Editing" Button beside the message.
  • A second message may then appear just above the spreadsheet which reads “Macros have been disabled."
  • Click on the "Enable Content" Button beside the message.

For Excel 2007

  • When you open the file a "Security Warning" Message may appear just above the spreadsheet.
  • The message will read "Some active content has been disabled."
  • Click on the "Options" Button beside the message.
  • A Microsoft Office security window appears. Select "Enable the content" then "OK".

For Excel 2003
If your security settings are set to High or Very High a message will be displayed and you may need to change your security settings to enable the macros.

  • Open Excel
  • Select the "Tools" menu option
  • From the Tools menu select "Macro" and then select "Security"...
  • A window will be displayed which will include a tab labeled Security Level
  • Select "Medium" and then "OK"
  • Now open the Buy/Sell Margins Calculator file
  • When you open the file, a security warning window will appear
  • Select the "Enable Macros" button to continue opening the file


Livestock Budgets - 2015 X

Cow-Calf Budget - 2015

The cow-calf budget was developed to assist Tennessee cattle producers in estimating the cost of production and net return to land and management. This budget should be considered a template or guide to estimating expenses and revenues, and it should not be considered representative of all circumstances. Users of this budget are encouraged to enter information into the budget that reflects their individual situation and production practices. Using information most closely related to a particular operation will improve the decision making process.

Disclaimer: Significant variability in inputs, prices, and production practices exist across operations and from region to region. The information contained in this budget relies on estimates and assumptions specific to Tennessee. This budget should not be construed as a reflection of all circumstances across the state as regional variability does exist. To improve the value of this budget, users are encouraged to use inputs, prices, production practices and management that are employed on their specific operation.

Cow-Calf Budget - PDF

Cow-Calf Budget - Excel

 

Stocker/Backgrounding Budget - 2015

The stocker/backgrounding budget was developed to assist Tennessee cattle producers in estimating the cost of production and net return to land and management. This budget should be considered a template or guide to estimating expenses and revenues, and it should not be considered representative of all circumstances. Users of this budget are encouraged to enter information into the budget that reflects their individual situation and production practices. Using information most closely related to a particular operation will improve the decision making process.

Disclaimer: Significant variability in inputs, prices, and production practices exist across operations and from region to region. The information contained in this budget relies on estimates and assumptions specific to Tennessee. This budget should not be construed as a reflection of all circumstances across the state as regional variability does exist. To improve the value of this budget, users are encouraged to use inputs, prices, production practices and management that are employed on their specific operation.

Stocker/Backgrounding Budget - PDF

Stocker/Backgrounding Budget - Excel

 

For additional information on the 2015 Cow/Calf and Stocker/Backgrounding Budgets please contact:

Andrew Griffith
Assistant Professor
agriff14@utk.edu

Or

Becky Bowling
Extension Specialist
bowling10@utk.edu

 

Meat Goat 2010

 

Note on Security Settings

The file contains macros (buttons for printing and moving from the intro page to the calculator). Security settings for Microsoft Office or Excel may give you warnings for when you open the file. This will especially be true if your security settings are set to high or very high. The following should correct the issue.

For Excel 2010

  • When you open the file a "Security Warning" Message may appear just above the spreadsheet.
  • The message will read "This file originated from an Internet location and might be unsafe."
  • Click on the "Enable Editing" Button beside the message.
  • A second message may then appear just above the spreadsheet which reads “Macros have been disabled."
  • Click on the "Enable Content" Button beside the message.

For Excel 2007

  • When you open the file a "Security Warning" Message may appear just above the spreadsheet.
  • The message will read "Some active content has been disabled."
  • Click on the "Options" Button beside the message.
  • A Microsoft Office security window appears. Select "Enable the content" then "OK".

For Excel 2003
If your security settings are set to High or Very High a message will be displayed and you may need to change your security settings to enable the macros.

  • Open Excel
  • Select the "Tools" menu option
  • From the Tools menu select "Macro" and then select "Security"...
  • A window will be displayed which will include a tab labeled Security Level
  • Select "Medium" and then "OK"
  • Now open the Buy/Sell Margins Calculator file
  • When you open the file, a security warning window will appear
  • Select the "Enable Macros" button to continue opening the file



Sample Tomato Budget for Small-Scale Commercial Tomato Operations - 2015 X

Sample Budget for Small-Scale Tomato Operations - 2015

The objective of this sample budget is to guide small-scale tomato producers on things to consider when estimating their net returns. Given that the budget presented here is just an example, actual numbers should not be used to estimate net revenues. Every operation is unique; therefore, estimated costs and revenue may vary depending on soil conditions, tomato variety, production practices used, and various other factors.

An Excel spreadsheet version of the sample tomato enterprise budget (Table 1) is available. Growers can modify values and details in this Excel Workbook highlighted in grey and thus use it to evaluate their own production costs and returns.

Sample Budget for Small-Scale Tomato Operations - PDF

Sample Budget for Small-Scale Tomato Operations - Excel

 

For additional information please contact:

Margarita Velandia
Associate Professor
mvelandia@utk.edu

Or

Becky Bowling
Extension Specialist
bowling10@utk.edu

 

Note on Security Settings

The file contains macros (buttons for printing and moving from the intro page to the calculator). Security settings for Microsoft Office or Excel may give you warnings for when you open the file. This will especially be true if your security settings are set to high or very high. The following should correct the issue.

For Excel 2010

  • When you open the file a "Security Warning" Message may appear just above the spreadsheet.
  • The message will read "This file originated from an Internet location and might be unsafe."
  • Click on the "Enable Editing" Button beside the message.
  • A second message may then appear just above the spreadsheet which reads “Macros have been disabled."
  • Click on the "Enable Content" Button beside the message.

For Excel 2007

  • When you open the file a "Security Warning" Message may appear just above the spreadsheet.
  • The message will read "Some active content has been disabled."
  • Click on the "Options" Button beside the message.
  • A Microsoft Office security window appears. Select "Enable the content" then "OK".

For Excel 2003
If your security settings are set to High or Very High a message will be displayed and you may need to change your security settings to enable the macros.

  • Open Excel
  • Select the "Tools" menu option
  • From the Tools menu select "Macro" and then select "Security"...
  • A window will be displayed which will include a tab labeled Security Level
  • Select "Medium" and then "OK"
  • Now open the Buy/Sell Margins Calculator file
  • When you open the file, a security warning window will appear
  • Select the "Enable Macros" button to continue opening the file