Alfalfa establishment planning budget

"Using this planning budget, farmers establishing alfalfa can estimate their costs and returns for 2022. Table 1 presents estimates for the fall establishment of alfalfa in Missouri. Assumptions were based on price conditions as of October 2021. Detailed prices and practices are summarized in Tables 2 and 3. The production practices used to develop these cost estimates are common on Missouri farms. Farmers are encouraged to modify this budget based on their circumstances. For example, spring established alfalfa would have a higher crop protection cost to account for necessary herbicides. Use the "Your estimate" column to plan your operation's costs and returns for 2022."--First page.Written by Raymond Massey (Professor, Agricultural Business and Policy Extension)New 10/2018; Revised 10/202