2018 Crop Budgets-More of the Same

Crop budgets for 2018 now are available on farmdoc. In addition, 2017 crop budgets have been revised and 2016 returns and costs have been updated. Overall, 2018 budgets suggest more of the same economic conditions that have occurred since 2013. Returns will be small and cash flows will be tight. This situation will continue until corn price exceeds $4.00 per bushel, soybean price exceeds $10.00 per bushel, and yields are at or above trend yields.

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