How much does it cost to plant a field 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 Does corn make per acre?
Corn yield in the United States is estimated at 172.0 bushels per acre, 4.5 bushels above the 2019 yield of 167.5 bushels per acre.
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.
How much does it cost to fertilize 1 acre of corn?
Using September 2020 prices, fertilizer costs for corn are estimated at $93 per acre (see Table 1).
How much do farmers make off an 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.
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.
Do corn farmers make money?
corn and 59 bu. soybeans per acre, farms averaged $673 total revenue per acre and averaged $664 total cost per acre. The most profitable farm made $275 per acre while the least profitable lost $222 per acre. … corn takes the worst figure in the study to the third best at $144 per acre profit.
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.
How much money do you need to start farming?
About $11,000 will buy everything necessary to start the farm business. If you have comfortably passed through the ten-point keys to success you are over the major hurdle. So what is needed to get a profitable small farm going? That’s easy: farmers, land, some equipment and supplies.