WebJan 13, 2024 · Table 1. 2024 Purdue Crop Budget for Average Productivity Soil. Figure 1. Fertilizer, Seed, Pesticide, and Cash Rent Cost per Acre. Rotation Corn in Indiana. …
AGRICULTURAL CORN PRODUCTION PRACTICES …
For 2024, total costs for corn are projected at $1,064 per acre, with $755 in non-land costs and $309 in cash rent. Total costs are projected at record levels, exceeding 2024 costs of $915 by $149 per acre and rising above $1,000 per acre for the first time. Record levels of costs then will lead to much higher break … See more As discussed frequently, corn and soybean production costs will increase to record levels in 2024 (see farmdoc daily, July 27, 2024, August 24, 2024, November 23, 2024, December … See more Like corn, soybean costs are projected at record highs in 2024 (see Figure 3). Total costs are projected at $785 per acre, with $476 per acre in non … See more For high-productivity farmland in central Illinois, the break-even price to cover total costs is estimated at $4.73 per bushel (see Figure 2). From 2013 to 2024, actual break-even prices to cover total costs averaged $4.00, $.73 … See more High break-even price levels highlight the risk associated with crop production in 2024. Current fall bids — $5.00 per bushel for corn and $12.00 for soybeans — are above break-even levels. However, commodity prices will … See more WebApr 13, 2024 · The cash rental rate per acre reflects new rental agreements negotiated in the fall of 2024. The weighted average RP ratio of Canadian cultivated land is 2.55% (Figure 1), a slight increase from drought-stricken 2024, however lower compared to 2024. Figure 1. 2024 Rent to price ratio by province safest jamaican resorts clothing optional
Costs of Corn and Soybean Production in 2024, ISU Report
WebThe tables are calculated on a per acre basis. The top portion of each table shows income. Yield multiplied by price equals the total production return per acre. Adding … WebFor corn, $1,228 per acre of costs is $131 per acre higher than the $1,097 guarantee. For soybeans, $902 in costs is $78 per acre higher than the $824 guarantee at the 85% coverage level. Significant losses will occur for corn and soybeans before crop insurance makes payments on cash WebDec 7, 2024 · Similarly, soybean non-land costs are projected at $476 per acre, a $101 per acre increase over the 2024 level. Both corn and soybean costs will be at record levels. Cash Rents. Cash rents in 2024 are projected to average $309 per acre, an increase of $25 per acre from the 2024 level of $284 per acre. safest ivy league colleges