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

See Missouri Forage Budgets (XLSX) for related information.

Ryan Milhollin
Assistant Extension Professor, Agricultural Business and Policy

Drew Kientzy
Research Analyst, Agricultural Business and Policy

C. Tim Schnakenberg
Field Specialist in Agronomy


Using this planning budget, farmers establishing alfalfa can estimate their costs and returns for 2024. Table 1 presents estimates for the establishment of Roundup Ready alfalfa in Missouri. Assumptions were based on price conditions 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 on Missouri farms. Farmers are encouraged to modify this budget based on their circumstances. Use the “Your estimate” column to plan your operation’s costs and returns for 2024.


  • Alfalfa
  • Crop budget
  • Farm budget


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