Corn & soybeans, 50-50 on 100 acres, is going to do you well if you are in southern MN.
Wheat would be good if you are in the sandier, drier middle/ western part.
How are you going to harvest it?
What is your market - the nearest elevator, or a local buyer, can you sell the straw for $2-3 a bale....... This can make or break a crop like wheat or oats.
Cheapest to plant would be oats, wheat, or soybeans.
Corn will cost an extra 100 lbs of actual nitrogen, which is selling for ~$400 a ton raw now, and seed will run $20-30 more than beans. But - you can get a lot more at the end of the year to make up for it.
Around 'here' if you pass on land, you won't see it available again for 20 years or so, so you must be up north a bit. :) 'Here' you'd take the land if you could, wouldn't be a question. :) If you are going to go with your own equipment, esp a combine, you need to spead those equipment costs spread over as many acres as possible; one busted belt will run you $250, need to do some acres per year to keep up with those costs.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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