By: Barry Ward, OSU Extension, Leader, Production Business Management, Department of Agricultural, Environmental, and Development Economics
Preliminary Enterprise Budgets for 2015 Ohio field crops have been completed and posted to the Farm Management Website of the Department of Agricultural, Environmental and Development Economics.
Yield projections are based on the Ohio trend line yield using USDA National Ag Statistic Service (NASS) yield estimates for the period 1970 through 2014. This yield projection is used as the average (middle column) yield in budget projections (Ohio corn yields are projected to be 163.1 bu/acre using this data). Low and high yield scenarios are located in columns to the left and right of the average column and are set at 20% lower and 20% higher than the calculated Ohio average trend yield.
Updated Enterprise Budgets can be viewed and downloaded from the following website: http://aede.osu.edu/research/osu-farm-management/enterprise-budgets
Enterprise Budget projections updated for 2015 include: Corn-Conservation Tillage; Soybeans-No-Till (Roundup Ready); Wheat-Conservation Tillage, (Grain & Straw).
Our enterprise budgets are compiled on downloadable Excel Spreadsheets that contain macros for ease of use. Users can input their own production and price levels to calculate their own numbers. These Enterprise Budgets have color coded cells that allow users to plug in numbers to easily calculate bottoms lines for different scenarios. Detailed footnotes are included to help explain methodologies used to obtain the budget numbers. Budgets include a date in the upper right hand corner of the front page indicating when the last update occurred.