Farm Progress
Some people won’t look at university crop budgets because they believe they’re unrealistic. Often, they say costs are too high compared to what happens on their farm.
Michael Langemeier is the Extension ag economist at Purdue University who often rides herd over budgets. He suggests some discrepancy stems from what universities, including Purdue, include in their budgets vs. what farmers think should be in budgets. All that aside, Langemeier believes it’s critical to do a crop budget, no matter who you use for guidance.