How much does it cost to grow corn?
In 2019, cash costs accounted for 47 percent of the total cost of production for corn, other nonland costs were 29 percent, and land costs were 24 percent. The average corn yield for all combined areas of the state was 194 bushels per acre resulting in a total cost of production of $4.59 per bushel.
Is corn expensive to produce?
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. … Better efficiency (lower cost per bushel) occurs with higher yields. Table 1. Farmer production and cost for the top 20% and bottom 20% profit groups in PEPS (1987-1999).
What is the average cost to grow an 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 can you make planting 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.
How do farmers make money growing corn?
The three possibilities are: rising selling prices, declining selling prices and volatile selling prices. If crop prices strengthen: With a strengthening of corn and soybean selling prices, in the short term farm operators would gain profits, but production costs would eventually rise accordingly.
Why is corn so expensive now?
Corn prices rise on tightening supplies
D., AgriLife Extension grain economist, Bryan-College Station, said the market is highly speculative at this point due to a range of factors that boil down to tight supplies and high demand currently and uncertainty about domestic and foreign production this growing season.
How many times can you harvest corn in a year?
Time to Maturity
Early maturing corn stalks usually bear only one ear of corn per stalk. Corn takes from 55 to 75 days to mature from seed. In a long warm season, from late April to late October it’s possible to get three crops of corn.
How much money does a farmer make off an acre of corn?
For 2019, a 63 bushel per acre yield and $9.00 per bushel price are used in projections, giving $567 of crop revenue. No other revenues are projected, giving a gross revenue projection of $567 per acre. Non-land costs for 2019 are projected at $369 per acre, an increase of $15 per acre over 2018 costs.
How much money can you make off an acre of sweet corn?
Sweet Corn Crop Guide
|Estimated Cost||$500 to $1000 per acre up to harvest|
|Market Potential||Good for local sales of high quality product|
|Yield Potential||240-300 crates/ac (5 doz ears/crt)|
|Profit Potential||$0 to $1,200 per acre|
What are the most profitable crops to grow?
Here are the most profitable cash crops you can grow on a farm or at home.
Herbs and Spices
- Lavender. Lavender is one of the most profitable cash crops to grow. …
- Saffron. …
- Gourmet Garlic. …
- Chives. …
- Basil. …
- Ginseng. …