Alfalfa Establishment Planning Budget for 2019
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Extension Professor, Agricultural Economics
This budget presents information useful to farmers planning the financing, establishment and marketing of alfalfa. Table 1 presents estimates for the 2019 crop year for alfalfa establishment in the fall for 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. For example, spring established alfalfa would have a higher crop protection cost to account for necessary herbicides.
- Farm budget