How much does it cost to plant 1 acre of corn?
In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division, and $187 to $234 in the dairy and livestock division (Table 1).
How much money do farmers make per acre of corn?
Corn in 2019
For 2019, crop revenue for corn is projected at $738 per acre based on a 208 bushel per acre yield and a $3.55 per bushel price.
How much does field corn cost?
Average cost per bushel has been between $1.25 and $1.95 in the cash corn division and $1.13 and $1.81 in the livestock corn division. Corn seed costs have increased 74% since the inception of the contest in 1987.
How much does it cost to start a corn farm?
To plant, fertilize, and spray 750 acres of beans and 750 acres of corn right now will cost you about $140 an acre for beans and $290 an acre for corn – $322,500 in total. To survive for six months until harvest will cost at least $25,000.
Is corn profitable per acre?
The price of corn can vary somewhat regionally depending on the local basis, but yields can dramatically vary by location due to soil quality and heat units. According to annual field crop yield data collected by OMAFRA, between 2015 and 2020, the average yield for Ontario grain corn was 165bu/acre.
How many times can you harvest corn in a year?
In the Midwest there’s only one growing season. Corn, soybeans, and wheat can only be harvested once. Forage crops for cattle can often be harvested multiple times as they regrow.
Will corn prices go up in 2021?
The USDA forecast the average price of corn paid to farmers in 2021-22 (beginning Sept. 1, 2021) at $5.70 per bu, up 31% from $4.35 as the current year forecast and up 60% from $3.56 in 2019-20. … 1, 2021), up 23% from this year and up 62% from 2019-20.
What will corn prices do in 2021?
Chicago corn futures last week were trading from about $5.20 to $5.75 per bushel, up 60% to 70% from a year earlier, with the December 2021 contract near $5.65 per bushel.