Re: Soy Bean Farming

Posted by paul on September 13, 2019 at 09:57:29 from (76.77.197.114):

In Reply to: Re: Soy Bean Farming posted by Married2Allis on September 13, 2019 at 09:44:17:

Bean yields are 30-80 bu an acre here, so we hope to average 50-60 for those who are honest.

We have a lot of wet ground and a high ph, so our ground is more suited to corn growing than bean growing.

Anyhow, cash price for beans today is $8.11 a bu. So, gross $500 an acre?

If you own the land it’s $50 an acre taxes. If you rent you will have a hard time finding land for $200 an acre.

Seed is $30-50 an acre.

Fertilizer is $75 an acre.

Machinery, fuel, time, spread over the acres.

There is t much $$$ left.

5-6 years ago beans were worth $12, last year they were $10, that made the math a little more fun......last week beans were worth about $7.75, so don’t count on the
$8.... we are in a downward spiral for grains.

Yes there are some subsidies, but this year they only apply in a complicated way to what crops were grown last year. You need someone with a crystal ball to
understand what you might get next year, if anything, on land that was growing hay this year. Some people got $15, some got $100 an acre, some got nothing. And
mostly you forgot that on a portion of your acres, not every acre qualified. It is extremely complicated.

Paul

Replies:

• Re: Soy Bean Farming jm. 13:02:06 09/13/19 (1)
  • Re: Soy Bean Farming paul 21:12:33 09/13/19 (0)

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