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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