1 / 21

2013 Crop Budget Projections Presented by: Ben Beale Extension Agent-St. Mary’s Co.

2013 Crop Budget Projections Presented by: Ben Beale Extension Agent-St. Mary’s Co. General Farm Statistics. Field Crop (acres). State of Maryland. Number of Farms in Maryland: 8,278 # of Acres Harvested in MD: 1,246,603

nysa
Download Presentation

2013 Crop Budget Projections Presented by: Ben Beale Extension Agent-St. Mary’s Co.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2013 Crop Budget Projections Presented by: Ben Beale Extension Agent-St. Mary’s Co.

  2. General Farm Statistics

  3. Field Crop (acres)

  4. State of Maryland • Number of Farms in Maryland: 8,278 • # of Acres Harvested in MD: 1,246,603 • Approximately 350,000 people are employed in some aspect of agriculture, making it the largest commercial industry in Maryland. • Agriculture also remains the largest single land use in the State, with 2.05 million acres, or roughly 32 percent of total land area in farms in 2010. • The Maryland agricultural industry contributes more than $17 billion in revenue annually

  5. December 2013 Corn November 2013 Soybean

  6. July 2013 Wheat

  7. University of Maryland Extension

  8. U.S. Annual Average Corn Price, 1908-2005 1942-1972 30 years Avg $1.26 1908-1942 35 years Avg $0.78 1973-2005 33 years Avg $2.37 Source: USDA/NASS

  9. Enterprise Budget Price (Revenue) Contribution Variable Costs Break-even Fixed Costs Slide Adapted from: Dr. Wen-fei Uva Department of Applied Economics and Management Cornell University Profit

  10. Finding your niche-Getting things in the right place.

  11. “Any Questions?” Ben Beale University of Maryland Extension 301 475 4481 bbeale@umd.edu

More Related