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Red River Valley | There seems to be a lot of discussion around about the new farm program and the payments that will be issued.
From what I have seen and been told I think many are over estimating what money they will get out of this baby.
If you are in a 50/50 rotation corn bean then your Base acres will be also split 50/50
a 160 acre (1/4 section) of land in most of MN will play out as follows
80 acre corn base / 80 acre bean base
corn payment 80 acre base X 85% = 68 acre of payable base x $79.00 per Acre = $5372.00 corn payment
Bean payment 80 acres base X 85% = 68 acre of payable base X $0.00 per Acre = $0.00 Bean payment for a total farm payment of $5,372.00 on 160 acres or $33.57 per acre total farm payment.
vs old program of about $19.00 per acre or a net gain of $14.00 per acre in the first and most likely best payment year.
You guy's running around tell and talking about $80.00 per acre payment boost and how you need to give it to the landlord or talking why you can pay 300 per acre cash rents might want to go refigure things a bit. MO
Now maybe I don't have this thing figured right but that is how it has been explained to me. | |
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Farm Payment reality
