# April Update to 2022 Crop Budgets: Projected Profits Even with Record Costs - farmdoc daily

> University of Illinois and Ohio State economists updated their 2022 crop budgets, showing corn and soybean production costs at record highs. They still project positive returns because of high expected corn and soybean prices, and they note that Illinois farmers are not planning to add corn acres because of nitrogen price and supply risk.

- Date: 2022-04-12 · published 2022-04-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/13371-april-update-to-2022-crop-budgets-projected-profits-even-with-record-costs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record input costs can limit acreage response and tighten supply, but high projected prices keep planting incentives intact, so the net price effect is modest.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-03-05 | [2024 Ethanol Production Profits: Regression to the Mean? - farmdoc daily](https://feedsoft.ai/events/25562-2024-ethanol-production-profits-regression-to-the-mean-farmdoc-daily.md) | +3.5% | +6.0% |
| CORN | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | +1.8% | +4.0% |
| CORN | 2019-02-28 | [2018 Year End RIN Update - farmdoc daily](https://feedsoft.ai/events/60464-2018-year-end-rin-update-farmdoc-daily.md) | -0.8% | +1.1% |
| CORN | 2024-02-12 | [Another Strong Year for Ethanol Production Profits in 2023 - farmdoc daily](https://feedsoft.ai/events/31664-another-strong-year-for-ethanol-production-profits-in-2023-farmdoc-daily.md) | -1.8% | +3.5% |
| CORN | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | +0.8% | +2.1% |
| SOY | 2023-03-22 | [2022 County Crop Yields - farmdoc daily](https://feedsoft.ai/events/13288-2022-county-crop-yields-farmdoc-daily.md) | +0.1% | +2.7% |
| SOY | 2026-05-14 | [New-Crop Soybean Oil Export Projection Suggests Greater Price Volatility - farmdoc daily](https://feedsoft.ai/events/15029-new-crop-soybean-oil-export-projection-suggests-greater-price-volatility.md) | -1.3% | -8.2% |
| SOY | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | -0.1% | +3.4% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2022/04/april-update-to-2022-crop-budgets-projected-profits-even-with-record-costs.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.