P.S Seed corn is over $100 per acre. Illinois set $4.68 per bushel as average cost to produce a bushel of corn in 2022.
My spreadsheet too big to attach but will email to anyone
This is what I figured on a new piece of ground
Fert $250 an acre
Chemical/fungicide $102 an acre
Seed $125 an acre
Equipment $135 An acre
Crop ins estimate is $40 an acre
Rent $275
Gross revenue $1176 (would have sold it for October delivery at $4.90)
Inputs and costs $944
Average per bushel cost $3.93
Left profit of $232 an acre
So back to my 500 acre grower
Gross revenue $588000
Costs owned ground 234150
Cost rented ground 151,480
Net income on 500 acres of corn =
$202370
I know there a few other costs associated but you can catch the drift
I can get zero percent interest on inputs from my retailer so cash rent and fuel is the only cost associated with operating loan of 7%
I was a crop agronomist salesman for 25 years before I took this role of a manufacture rep so still have a huge background in helping farmers attain profit
