South Central Iowa | It would produce 200 bushel corn if our ground performed that well. Last year we were 180's and 160's is more of a realistic number and what I use for planning. This year looks 140's.
Custom rates and all inputs for us are below in the table. We charge ourselves $13 for Nh3 and $8 for spraying. I buy bulk fertilizer and chemical wholesale then sell it to us at Co-op level markups with 1 pass for corn and 2 for soy. So that is $91 on corn and $99 on soy per acre. All of it pays for the tractors, they are the only "unjustified" equipment. Then those amounts cover all parts/repairs, fuel, insurance, and farm infrastructure (buildings and bins) and payments (PPE). To break out on a per acre basis: Fuel $7 per acre, Parts/Repairs $13 per acre, Insurance $4, and Payments for all PPE $57. So the total per acre cost is actually $81 and we have about $14 per acre profit on average.
| Corn Direct Input Costs Per Acre | | Item | Price | Note | | Seed | $ 72.80 | 32,000 Population | | Nitrogen | $ 39.34 | 120-0-0 w/ App | | Dry | $ 32.50 | 8-40-40 w/ App | | Top Dress | $ 32.56 | 50-0-0-10 w/ App and Agrotain | | Chemical | $ 54.00 | Acuron w/ App | | Planting | $ 20.00 | | | Combine | $ 35.00 | | | Trucking | $ 15.00 | | | Insurance | $ 13.74 | 80% Coverage | | Drying/Bin Cost | $ 16.00 | | | Interest | $ 8.25 | $329.94 x 5% x 6 mo duration
| | Total | $338.19 |
| Soybean Direct Input Cost per Acre | | Item | Price | Note | | Seed | $ 52.10 | 140,000 per acre w/ CruiserMax | | Dry | $ 32.50 | 8-40-40 w/ App | | Chemical | $ 61.84 | 2 pass w/ App | | Planting | $ 20.00 | | | Combine | $ 35.00 | | | Trucking | $ 6.00 | | | Insurance | $ 12.93 | | | Interest | $ 5.51 | $220.37 x 5% x 6 mo duration | | Total | $225.88 | |
I fully utilize equipment. It takes us 15-20 days to plant and 35 days to combine. I put a lot of hours on machines. I do not plant long-season corn, mostly 109-110 day. I also plant a healthy portion of 2-3 maturity soybeans which is unusual for my area, most are 3-4. We will be among the first to combine soybeans in Iowa. I have to be in order to have enough days. Leaves are dropping!
Edited by Conan the Farmer 9/6/2017 23:32
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High cash rent
