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EC SoDak | Hopefully we get a decent bounce from here at some point, but I used some general numbers for putting a crop in to make a rough cash flow. Of course numbers change for different areas, but I’d guess it’s somewhat relative for rented ground.
Rent- 300
Seed- 110
Chems-20
Fert- 160
Machinery+Fuel- 100
Insurance- $30
Total-$ 745
Dec 24- $4.62
Basis- -.20
Yield- 200 bu/ac
Total- $884
884-745= +$139 acre
From there, I’d guess many will have at least some interest charges to subtract. Odds are we will get a carry of .35-.45 for Dec 24 to July 25, so add that but subtract your storage costs if you go this route. Then all the other fun stuff to take off like buildings, maybe newer equipment to where your machinery costs are higher, etc….
Edited by SoDak Farms 2/28/2024 12:39
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with all the post ranting against the possibility of land values
