2023 Nebraska Crop Production Budgets: Higher Costs and Risks

Glennis McClure

No 413299, Cornhusker Economics from University of Nebraska-Lincoln, Department of Agricultural Economics

Abstract: The Nebraska crop budgets are available for the 2023 production season. The 84 budgets indicate cost of production increases. Estimated average economic or total costs per bushel for 2023 corn production are expected to be at least 23 to 25% greater than last year. Soybeans are estimated to be 13 to 19% more in economic costs per bushel, with wheat production costs having jumped over 20% compared to last year and running as high as 63% higher over the last two years combined. Cost scenarios for individual producers can vary based on their timing of input purchases and price variabilities.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nbaece:413299

DOI: 10.22004/ag.econ.413299

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