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NWMO | That depends. If they also have paid for equipment and home and everything else then I'd say they're better off farming it. If not, then I'd say it's a toss up
210 x $4.40/bu = $924/ac. If they have $600/ac putting the crop in and getting it out then they net $324/ac
63 x $10.50/bu = $661.50/ac. If they have $300/ac putting the crop in and getting it out then they net $361.50/ac
That's with todays prices. I think prices will get a little better between now and January personally.
Here's my question to you. If you're considering renting ground, using the numbers I listed out above, would you be very excited to pay $300/ac cash rent to net $24/ac on corn and $61.50/bu on beans? Seems awfully tight.
Yes, I believe markets are going to get better and that you can yield more than 210 and 63, but there are no guarantees, and that's a risk you'd have to be willing to take. | |
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2025 Crop Budgets
