The University of Arkansas Cooperative Extension Service recently released its 2020 crop enterprise budgets that present the return before land and management expenses are accounted. Peanuts, corn, rice, cotton, soybeans and sorghum are in order from most to least profitable according to the 2020 surface irrigation budgets. This is the first year in the last five to have more than one crop with negative returns as shown in the graph.
The budgets are designed in Excel, which allows the user to adjust prices, yields, machinery compliments and irrigation in order to match actual farm activities. Divergence in profitability becomes clear depending on crops and farming practices which include capital contributions to the land. View and download the UA 2020 Crop Enterprise Budgets on the extensions service’s website.