Verified FBN Member (SD)

Business

Costs per acre per year to run a farm?

I put every dollar I spend in a year into a spreadsheet so I know exactly what price I need out of my crops to breakeven. I am curious if anyone would help me find out how my costs compare to other farms. I am talking about EVERY dollar the farm spends in a year averaged by total acres per crop, not just crop inputs.


For soybeans I have been about $390 per acre.

For corn I have been about $512 per acre.


Thanks for any input, I appreciate the help,

Everyone can stay anonymous if they want.

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Verified FBN Member (ND)

(edited)

farmworks was the best for financials and precision ag. but that is going away. traction ag is working on getting to that level. Granular...

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Verified FBN Member (MN)

(edited)

I've used granular for 2 crop cycles now. 2020 does not have the overhead cleaned up and adjusted in proper yet. I think your $400 for soy...

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Verified FBN Member (IA)

Download a free IRS form Schedule F and make a spreadsheet out of it and you’ll have a good start. You can detail out the line items you wa...

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Verified FBN Member (IN)

(edited)

Anybody have any more spreadsheets to share? I am new to farming and taking over an unmanaged, unkept, broken down old family farm in south...

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Verified FBN Member (NE)

Unfortunately this seems to be the "modern" trend these days. "I'm not going to help my neighbor get better, I want his land" type of thinki...

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Verified FBN Member (SD)

My Son helped me develop spreadsheets as well and we have been doing it for many years. We also have a feedlot so it is a must to do the sp...

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Verified FBN Member (IL)

I take every expense for specific fields (seed, fertilize, rent, lime divided by 3 to represent 3 year expense, don't include tile)) and fig...

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Verified FBN Member (ND)

(edited)

why are you dividing seed, fert, rent, lime by 3. that would be this year's expense. not 3 years


Verified FBN Member (IA)

Round #’s $115 seed $100 nitrogen $100 P&K $35 chemical $250 rent machinery is difficult, using custom rates. ~$45 includes drying costs pl...

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Verified FBN Member (WI)

First off this is a great question! There's great knowledge in the question itself, that I'll get back too. The problem is there's no true l...

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3


Verified FBN Member (SD)

I think you guys are making this too complicated. I figure EVERY dollar I spend in a year. The categories on my spreadsheet are the same a...

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2


Verified FBN Member (ND)

so what is your point. we are all trying to make money.

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Verified FBN Member (OH)

So if you finance equipment for three years, you are counting the payment? And I finance for seven years, makes my numbers look much better....

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Verified FBN Member

Comment deleted by author

Verified FBN Member (IL)

made my go to one on excell


Verified FBN Member (SK, CAN)

Haven’t kept track fir a while, curious to see how sone spreadsheets are setup


Verified FBN Member (IL)

Lol I looked one year and I was up against irrigated farms. Take A careful look at all of info comparisons But I will say my banker loves th...

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Verified FBN Member (IL)

On costs per acre, it seems like everyone uses or omits something different that the next guy. Unless you’re comparing the exact same costs,...

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Verified FBN Member (ND)

fin pac if you want to go thru your local colleges this class is very good to bench mark your self against fellow farmers year after year. ...

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Verified FBN Member (IA)

There are some accounting services that include benchmarking.


It is difficult for any of us to help you without seeing your exact expenses...

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Verified FBN Member (IL)

loan total $85.37 / acre personal $35.88 / acre fertilizer,nitroge,hernicide,seed $225.40

these are all per income acre . all else ...

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6


Verified FBN Member (IL)

(edited)

I think we are around $340 for beans and $540 for corn. In that neighborhood anyway.

That's based on spreadsheet costs. There are a few mis...

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4


Verified FBN Member (ND)

Just take total expenses off your taxes and divide them by acres planted. I realize every crop is different but I feel I need $300 across th...

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Verified FBN Member (ND)

I'm at 325 for wheat. take out machinery payments and I'm at 225. bought to much in the good years. looking forward to 2022. have one mo...

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Verified FBN Member (KS)

Very good advice ****. The young guns are extremely impatient and don’t know the value of $. Staying out of debt only adds more $ to your ...

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