By Blake Jackson
The University of Missouri Extension has unveiled its 2025 enterprise budgets, an essential resource designed to support Missouri farmers and ranchers in optimizing their operations for increased profitability.
Updated annually, these budgets provide detailed insights into potential revenues and costs across various agricultural sectors, including row crops, beef, swine, dairy, and more.
Tailored specifically for Missouri's diverse agricultural conditions, the budgets cover a broad spectrum of crops unique to regions like southeastern Missouri, including cotton, peanuts, and rice.
This customization allows farmers to adapt the data to their specific operational needs, enhancing decision-making processes for the upcoming 2025 production season.
Ryan Milhollin, an MU Extension agricultural business specialist, emphasizes the importance of forward planning.
He encourages farmers to use these budgets to strategize for the new year, helping them to map out financial projections and assess the overall profitability of their farming enterprises.
One significant concern for crop producers is the rising costs associated with crop protection chemicals.
These increases are attributed to both price hikes and greater quantities needed to combat resistance, explains specialist Kientzy. Additionally, depreciation costs on farm equipment continue to be a pivotal financial aspect that farmers must consider.
On the livestock front, there's an anticipated decrease in feed and hay expenses, potentially lowering operational costs for livestock producers, according to Adauto Rocha, MU Extension assistant professor in agricultural economics. However, the costs for replacement and feeder animals are expected to rise, influenced by USDA projections, which could affect plans for herd expansion.
The economic outlook appears favorable for specific livestock operations like fall calving and beef heifer planning, although results may vary depending on individual strategies.
Photo Credit: university-of-missouri
Categories: Missouri, Crops, Corn, Soybeans, Wheat, Livestock, Beef Cattle, Dairy Cattle, Poultry