4 ms·
Are you sure on the few grand per acre? Corn yields were ~180 bushels / acre for 2020, and corn prices were [will be, since it is still being sold] $4.85, whic
by saalweachter 6y ago
Are you sure on the few grand per acre?
Corn yields were ~180 bushels / acre for 2020, and corn prices were [will be, since it is still being sold] $4.85, which comes out to $873 / acre. You might clear a few grand for the entire small field, but even with a second planting of winter wheat I have a hard time imagining making four figures per acre after expenses.
- kickout 6y agoUnless it a specialty crop like pumpkins or is an organic operation, not a chance this happens with corn or soy farms. Your numbers are good. Total operating costs for a corn acre in 2019 were ~700 dollars. https://www.ers.usda.gov/data-products/commodity-costs-and-returns/ https://www.ers.usda.gov/data-products/commodity-costs-and-r... Better link: https://www.ers.usda.gov/data-products/commodity-costs-and-returns/interactive-visualization-us-commodity-costs-and-returns-by-region-and-by-commodity-field-crops/ https://www.ers.usda.gov/data-products/commodity-costs-and-r...
- mywittyname 6y agoYou're estimates sound about right. For my cousin at least, I know what how much he gets paid for his portion of the crop yield each year, but I'm just estimating on the acreage he maintains. So I'm clearly underestimating the amount of land he's working.