For a good straw yield, the oats will use more K than corn will. 50# N would make a tremendous difference also.
If the farm is really run down, I wouldn't waste my time seeding oats without fertilizer. I use 50# N and 130# K, maybe more K if soil tests are bad. Seed the oats heavy. Old rules of thumb are way too light, just like we now plant corn at 34000, not 24000. I sow 5 to 6 bu/A broadcast. Oats make 100-130 bu depending on year, Pick the right variety and shave the ground with the combine and you may get 100 bales of straw/A as well. Getting too late for oats in my opinion
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