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NE Nebraska | Had a guy forward me this as we were talking about how ugly these crop prices are getting. Can't remember which university he said it came from. Funny thing is, when I ran my own numbers last week I came in $6 less an acre. Ouch is all I can say!
Cash rent 295
Fertilizer. 148
Seed. 124
Machinery dep 69
Pesticides. 60
Crop insurance 27
Repairs. 25
Drying 23
Fuel and oil. 20
Hired help. 19
Machine hire/ lease 11
Interest non land. 11
Insurance 8
Misc. 8
Building repair and rent. 8
Building dep. 7
Utilities. 5
Storage. 5
Light vehicle. 2
Total costs. 872
Crop rev(200x3.75). 750
Arc payment. 50
Total income. 800. =$72/acre loss
What do you guys think about these numbers, are these numbers close to what your expenses are?
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Crop costs
