I rented my farm out for 08 but ran the numbers for this years corn crop.With an average yield of 125 bu and this years inputs I would have still cleared nearly $250 per acre which is fantastic.In the past with $2 corn and low inputs I was lucky to clear $50-100 per acre or less.
To get $250 an acre profit I would have had to bought my seed,fertilizer,and fuel last fall as I usually do.I also would have had to forward contracted at least half my corn for $5 plus.
This year is off to a bad start as the corn was planted later than normal and about 1/3rd of the corn had to be replanted in my area.I was across southern Illinois on I-64 this weekend and alot of the corn was being replanted.I look for record corn prices this fall as the nations corn crop isnt off to a good start.
$12 beans figure out real good too as theres no fertilzer bill.Soft wheat has fallen to under $6 per bu which isnt good.If you had it contracted at $9 you will do fine.
No ground is sitting idle in this area.If 10 acres came up for rent there would be at least 5 farmers wanting it.Every acre is going to be planted in 2008.2009 is the year thats going to get real interesting.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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