Editor’s note
The following abstract describes a publication that is only available as a downloadable PDF.

See Missouri Crop Budgets (XLSX) for related information.

Ben Brown
Senior Research Associate, Agricultural Business and Policy

Juo-Han Tsay
Assistant Extension Professor, Agricultural Business and Policy


Using this planning budget, soybean farmers may estimate their costs and returns for 2024. Table 1 presents estimates for dryland soybean production in northern, central and southwest Missouri. Assumptions were based on price forecasts as of October 2023. Detailed prices and practices are summarized in Tables 2 and 3. The production practices used to develop these cost estimates are common for Missouri farms. Use the “Your estimate” column to plan your operation’s costs and returns for 2024.


  • Dryland soybean
  • Farm budget


  • 2