Soybean (dryland) planning budget for 2019

This budget presents information useful to farmers planning the production, financing and marketing of soybeans for grain. Table 1 presents estimates for the 2019 crop year for dryland soybean production in northern, central and southwest Missouri. Assumptions were based on price conditions as of October 2018. Detailed prices and practices are summarized in Tables 2 and 3. The production practices used to develop these cost estimates are common in Missouri. Farmers are encouraged to modify this budget based on their circumstances.Raymond Massey (Extension Professor, Agricultural Economics)New 10/1