The UA Cooperative Extension Service recently released their 2013 crop enterprise budgets. The budgets show the returns before land, management, and overhead expenses are accounted. Corn, Soybeans, Rice, Sorghum, and Cotton are in order from most to least profitable according to the 2013 budgets.
The budgets are designed in Excel which allows the user to adjust prices, yields, machinery compliments, and irrigation in order to match your farm activities. Divergence in profitability becomes clear depending on crops and farming practices which include capital contributions to the land.
View the UA 2013 Crop Enterprise Budgets here.