Authors as Published

All budgets: Eric Eberly, Farm Business Management Agent, Gordon Groover, Extension Economist, Farm Management and the Farm Business Management Staff

Table of Contents

Farm Business Management Staff
2007 Crop Budget Index

The budgets in this publication have been developed by the Virginia Cooperative Extension Farm Business Management Agents* for the major crops and livestock enterprises in Virginia. These budgets show the projected costs and returns for the production of these enterprises in a given situation.

Input data for the budgets are based on information from a number of sources such as farm records, personal contact with individual farmers, farm supply businesses, Virginia Tech research, Extension agents and plain old practical experience.

While every attempt is made to make the budgets realistic, the users should realize that they are "typical" or "average" in nature rather than fitting any given farm situation. Thus, users of these budgets would be expected to modify them to better fit their particular operation.

The prices for inputs were obtained from farm supply and machinery dealers throughout Virginia. Therefore, prices for any given input may not be accurate for any particular area.

Calculated machinery costs are based on the following assumptions: Tractor costs are based on an useful life of 12,000 hours and used 500 hours per year; pulled equipment costs are based on 500 acres of use per year; and combine costs are based on 750 acres of use per year.

The purpose of these budgets is to provide a guideline for helping producers determine their projected costs and returns of a given enterprise. They are intended to serve as a reminder of the variety of costs incurred in the production of crops and livestock in Virginia. These budgets also attempt to show the importance of budgeting for individual enterprises and projected returns on a range of yields, input costs, and product prices.

These budgets were developed using the spreadsheet program Microsoft Excel® and adaptation of BUDSYS (Ferreira, W. 2001) to Virginia.  Clemson University, Clemson, SC. Comments to Wilder Ferreira. For further information or to get assistance with budgeting and farm financial management, contact your area Farm Business Management Agent or local Extension Agent.

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Virginia Cooperative Extension - Farm Business Management Staff

Eric Eberly (C)
Southern Piedmont AREC
2375 Darville Road
Blackstone, VA 23824
Phone (434) 292-5331 ext 241
Fax: (434) 292-5623

Mike Roberts (SE)
Post Office Box 68
Prince George, VA 23875
Phone: (804) 733-2686
Fax: (804) 733-2676
Jim Pease (VT)
Dept. of Ag and Applied Econ
Mail Code 0401
Virginia Tech
Blacksburg, VA 24061
Phone: (540) 231-4178
Fax: (540) 231-7417
Peter Callan (N)
101 S. West Street
Culpeper, VA 22701-3088
Phone: (540) 727-3435
Fax: (540) 727-3451
Matthew Miller (SW)
121 Bagley Circle, Suite 434
Marion, VA 24354
Phone: (276) 783-5175
Fax: (276)783-9314
Alex White (VT)
Dept. of Ag & Applied Economics
Mail Code 0401
Virginia Tech
Blacksburg, VA 24061
Phone: (540) 231-3132
Fax: (540) 231-7417
Tom Stanley (NW)
Augusta Co. Government Center
County Government Center
P.O. Box 590
Verona, VA 24482-0590
Phone: (540) 245-5750
Fax: (540) 245-5752
Albert Essel (VSU)
Virginia State Extension Service
P.O. Box 9081
Virginia State University
Petersburg, VA 23806
Phone: (804) 524-5871
Fax: (804) 524-5049
Bill Whittle (NW)
Virginia Cooperative Extension
215 West Main Street, Suite C
Stanley, VA 22851
Phone: (540) 743-5794
Fax: (540) 743-2013
Gordon Groover (VT)
Dept. of Ag and Applied Economics
Mail Code 0401
Virginia Tech
Blacksburg, VA 24061
Phone: (540) 231-5850
Fax: (540) 231-7417
Denise Mainville (VT)
Dept. of Ag & Applied Economics
Mail Code 0401
Virginia Tech
Blacksburg, VA 24061
Phone: (540) 231-5774
Fax: (540) 231-7417
C = Central
N = Northern
NE = Northeast
NW = Northwest
S = Seafood AREC
SE = Southeast
SW = Southwest
VSU = VA State
VT = VA Tech

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2007 Crop Budget Index (All downloads are in Excel format)

Alfalfa Hay Budgets

Annual Pasture and Hay Budgets

Corn Grain Budgets 

Corn Silage Budgets

Cotton Budgets

Data Files For Budgets

Fescue Pasture and Hay Budgets

Grain Sorghum and Grain Sorghum Silage Budgets

Grass-Clover Hay Budgets

Peanut Budgets

Silage and Double Crop Budgets

Small Grain, Canola and Straw Budgets

Soybean Budget

Tobacco Budgets

Warm season Pasture and Hay Budgets

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Trade and brand names are used only for the purpose of information and Virginia Cooperative Extension does not guarantee nor warrant the standard of the product, nor does it imply approval of the product to the exclusion of others which may also be suitable.

Constant changes in pesticide regulations may affect the use of certain input items in these budgets. Always check the current registered use and read and follow label directions when using pesticides.

Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.

Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.

Publication Date

May 1, 2009