Verified FBN Member (NC)
General

How much money dose everybody have in a acer of corn and soybeans from start to finish

Verified FBN Member (NC)

I’m thinking 700.00 on corn and soybeans 400.00

Verified FBN Member (IA)

380 corn and 195 beans before land cost.

Verified FBN Member (IL)

$815 for corn and $505 for soybeans. This is for all crop expenses, insurance, fuel, building maintenance, machinery, vehicles etc. This also includes my cost of living. I don't work for nothing.

Verified FBN Member (NC)

That sounds ***** realistic 100% the true I don’t know why every body leaves stuff out when you are paying for it

Verified FBN Member (SD)

What does cost of living and building maintenace have to do with cost per acre to plant corn and beans

Verified FBN Member (SD)

Where is that money supposed to come from? The blue sky?

Verified FBN Member (NC)

Because it cost money even at the end of the year when you pay your Cpa

Verified FBN Member (SD)

Then the livestock end is all profit scents the grain paid for everything just learning

Verified FBN Member (SD)

I'm just starting out and was just wondering why its included in cost to plant thank you

Verified FBN Member (OH)

All depends on how you push your pencil. I for one do not include cost of living in my per acre cost. If you worked a factory job would you figure it in to your salary?

Verified FBN Member (OH)

I agree with that 800 number on corn and 550 on soybeans here in West Central Ohio

Verified FBN Member (WI)

You have to include all expenses.

Verified FBN Member (SD)

2019 was $520 for corn and $380 for soybeans. Includes EVERY dollar the farm spends.

Verified FBN Member (IA)

2020 Looks about the same for me- $480-$500 corn, $390-$395 beans

Verified FBN Member (SD)

I'm at 650 for corn and 425 on beans, but it all depends on your land costs if you own some, rent some, if you have land payments etc.

Verified FBN Member (NE)

We were at $618 irrigated beans and $681 irrigated corn/$337 dryland corn. This has everything I can possibly think to add in! + a little for safe pondering!!

Verified FBN Member (CO)

All in last year I was at $200 on corn and $180 the last time I tried soybeans.

Verified FBN Member (MN)

Please show simple budget?

Verified FBN Member (OH)

How much is Cash rent/land taxes in your area ?? There’s some money in $200/ COP no Matter what the yield is

Verified FBN Member (CO)

Corn

Seed 26

Herbicide 30

Fertilizer 40

Crop Ins 16

Equip cost 38

Misc overhead 25

Cash rent 26

Total 201

Verified FBN Member (CO)

When I tried soybeans, seed was 20, herb 30, fert 30, crop ins 6, equip 38, overhead 25, rent 26, total 175. Soybeans only worked 1 out of 3 years. 1st year was a perfect setup, next two were more normal and it was too hot and dry during pod fill. Soybeans are on hold until I can figure out pod fill during hot and dry....so slim chances of growing them again.

Verified FBN Member (NC)

26.00 dollars a acer?

Verified FBN Member (CO)

Yep. The average runs 28, some are as high as 40, some as low as 12. We're a "if it rains" county. When it rains, corn can hit 80-120 on dryland, winter wheat 60-80, same with milo. When it doesn't all three will be 0-40.

Verified FBN Member (OH)

Seed costs 26 for corn ? Please explain never heard anything that low . I would love to pay that

Verified FBN Member (CO)

$173/80,000*12,000=$25.95. Sometimes it's less than that depending on what seed we buy. My conventional is going to run $18.56/acre. Going to try F2F and plant a little higher at 15K.

Verified FBN Member (NC)

Cash rent 26 😂😂😂

Verified FBN Member (OH)
(edited)

Oh ok didn’t realize the population was so low that makes since just never heard of that's before. That’s awesome makes for a cheap crop way more profit potential than farming in the Midwest

Verified FBN Member (NE)

LOVE that the community exposes us to the realities all over the country!! I knew the seed cost had to do with population which most of the farming world cant imagine! i couldnt stomach hearing the rents that people are paying where water isnt the limiter!!

Verified FBN Member (NC)

Over here it’s 100-150 corn and beans and 200 for tobacco

Verified FBN Member (CO)

*****) Right?! I think it's pretty darn high but man oh man I can't imagine being anywhere else that the rent is in 3 digits.

Anonymous) Yep, not quite the heart of low pop mafia country but not far from it.

*****) Agree. It sounds like we're in a sweet spot with cost/acre but realities aren't much different for us than a corn belt guy. We've got good odds to break even every year, just all depends on when the rain comes.

Verified FBN Member (CO)

*****) Wow! I just can't imagine having to pay that on rent. Little wonder why some guys struggle mental health wise when you're cutting that much in rent checks before doing anything to the crop.

Verified FBN Member (CO)

Most rent is fairly well tied to the areas productive ability. I doubt those who think the High Plains area is so profitable, would be at all comfortable with finding out most often you get 1 crop every 2 years, or 2 out of three and fallow is required...If weather is amicable we might do better, but as **** said, we can also get a 0...

Verified FBN Member (NC)

Yea me too plus hurricane every year

Verified FBN Member (SD)

$535 corn

$315 sb

Verified FBN Member (TN)

$350- corn

$195- soybeans

Verified FBN Member (OH)

$396.14 corn. $294.90 beans.

Verified FBN Member
Response deleted by author
Verified FBN Member (ND)

I have no idea how corn and beans can be less than at least 150/ac difference. In my case I'm 200/ac difference but still make more money on corn

Verified FBN Member (IN)

$ 603 corn

$ 451 sb

west central Indiana

Verified FBN Member (IN)

For soybeans $408.18. We do not raise corn but, we do raise popcorn. So my cost per acre is $529.46.

This includes everything that we did last year to the crop including machine expense. It also includes 10% return on investment and 3% interest on money.

Verified FBN Member (IN)

That is also a return to land and cash rent included

Verified FBN Member (IL)

Corn $550 and soybeans about $350 in NW IL.

Verified FBN Member
Response deleted by author
Verified FBN Member (SD)

Net Cost of Production: $612.90 dryland corn, $414.56 soybeans.

Just some more food for thought...$4.50 bushel break even at insurance guarantee yield for corn and $11.81 break even at insurance guarantee yield for soybeans. This could be a tough year at current price projections!

NE **

Verified FBN Member
Response deleted by author
Verified FBN Member (NE)

All in Cost

$717 corn

$590 soy

Verified FBN Member (IA)

Corn 379 excluding land cost. Seed 95, fert 155, chem 42, machine cost 67, insurance 12, interest 8,

Verified FBN Member (IA)
(edited)

I do everything on excel spreadsheets. I think the beans were around 580.

Verified FBN Member (PA)

Seed 103

Fertilizer 31

Herbicide 25

Custom harvest 81

Custom plant 21

Custom spray 14

Total = 275

No other costs factored in this calculation.

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