Alfalfa Establishment Planning Budget
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See the Missouri Forage Budget Generator (downloadable macro-enabled Excel spreadsheet) for related information.
Extension Professor, Agricultural Business and Policy
This budget presents information useful to farmers planning the financing, establishment and marketing of alfalfa. Table 1 presents estimates for the 2020 crop year for alfalfa establishment in the fall for northern, central and southwest Missouri. Assumptions were based on price conditions as of October 2019. 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. For example, spring established alfalfa would have a higher crop protection cost to account for necessary herbicides.
- Crop budget
- Farm budget