By Archie Flanders, Agricultural Economist
The University of Arkansas Division of Agriculture has issued crop enterprise budgets for the 2016 production year. Budgets are available as a printed manuscript and as interactive files that allow users to change inputs and prices. Budget summaries present side-by-side comparisons for surface irrigated, center pivot irrigated, and non-irrigated crops. Inputs in the budgets are Cooperative Extension Service recommendations as determined by field trials from the Crop Research Verification Program (CRVP) for each crop. CRVP recommendations are profit maximizing inputs, and field scale CRVP yields typically exceed state average yields. Interactive budgets can be utilized to evaluate alternative costs and returns for optimal profit potential. Input decisions should be evaluated with an understanding that yield and revenue maximizing inputs are not necessarily the inputs for maximizing profit. County agents can provide information for Extension input recommendations. The 2016 crop enterprise budgets are available at http://www.uaex.edu/crop-budgets.