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That price per bushel is for soybeans, not corn. Soybean yields are much lower, like in the mid-50s to low 60s on average. The marketing year average price for
by gumballhead 9y ago
That price per bushel is for soybeans, not corn. Soybean yields are much lower, like in the mid-50s to low 60s on average. The marketing year average price for corn in 2016 was $3.30. That cuts your revenue number to $670. With production expenses most farmers are lucky to break even right now.