Agricultural Economics Department


Date of this Version

October 2007


Published in Cornhusker Economics, 10/31/2007. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.


Prices tend to be the driving factor when considering which crops to plant and how many acres to plant. Deciding what to plant in 2008 could be even more complicated than this year, the decision being compounded by the fact that wheat is at record high price levels. To analyze breakeven prices for the three major commodities we can use crop budgets of expected costs.